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China High Speed Transmission Equipment Group Co ( (HK:0658) ) has provided an announcement.
China High Speed Transmission Equipment Group Co., Ltd. is facing a challenge from its major shareholder, Fullshare Holdings Limited, which is seeking to convene an extraordinary general meeting to reconstitute the company’s board. Fullshare alleges inadequate information regarding amendments to the articles of association of the company’s subsidiary, Nanjing High Speed Gear Manufacturing Co., Ltd. The company refutes these allegations, asserting that the amendments were proper and that it maintains control over the subsidiary. The company is prepared to take legal action to protect its interests and ensure the integrity of its operations.
More about China High Speed Transmission Equipment Group Co
China High Speed Transmission Equipment Group Co., Ltd. operates in the manufacturing industry, focusing on high-speed transmission equipment. The company is known for its production of gear transmission equipment and has a significant market presence, particularly through its subsidiary Nanjing High Speed Gear Manufacturing Co., Ltd.
YTD Price Performance: 11.32%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $193.6M
For an in-depth examination of 0658 stock, go to TipRanks’ Stock Analysis page.