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China Huarong Energy Faces Board Compliance Issue

Story Highlights
  • China Huarong Energy announced a director’s resignation, causing non-compliance with listing rules.
  • The company plans to appoint a new director to meet compliance requirements soon.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Huarong Energy Faces Board Compliance Issue

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The latest update is out from China Huarong Energy Company Limited ( (HK:1101) ).

China Huarong Energy Company Limited announced the resignation of an independent non-executive director, leading to non-compliance with Hong Kong Stock Exchange Listing Rules 3.10(1) and 3.21, which require a minimum number of independent non-executive directors on the board. The company is working to appoint a new director to meet these requirements and will make further announcements once the appointment is made.

More about China Huarong Energy Company Limited

YTD Price Performance: -37.50%

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$235.5M

For detailed information about 1101 stock, go to TipRanks’ Stock Analysis page.

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