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The latest update is out from China High Speed Transmission Equipment Group Co ( (HK:0658) ).
China High Speed Transmission Equipment Group has announced that two shareholders, both subsidiaries of Fullshare Holdings, have withdrawn their demands for extraordinary general meetings that sought to remove and appoint directors, following recent changes to the board. As a result, the company will not convene the requisitioned meetings, and all related circulars, notices and proxy forms have lapsed and are no longer valid.
The company also clarified that former non-executive director Ye Xingming resigned to devote more time to family affairs, confirming there are no further changes to previously disclosed information. Trading in the company’s shares remains suspended on the Hong Kong Stock Exchange pending publication of its audited 2025 annual results, and investors are urged to exercise caution while the suspension continues.
More about China High Speed Transmission Equipment Group Co
China High Speed Transmission Equipment Group Co., Ltd. is a Hong Kong-listed manufacturer of transmission equipment, including high-speed gearboxes and related mechanical components, primarily serving industrial and energy sectors. The company targets both domestic Chinese and international markets, positioning itself as a key supplier in infrastructure and power-related applications.
Average Trading Volume: 1,792,595
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.19B
For a thorough assessment of 0658 stock, go to TipRanks’ Stock Analysis page.