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China Metal Resources Utilization Ltd. ( (HK:1636) ) has provided an update.
China Metal Resources Utilization Ltd. announced a forced sale of 5,112,000 shares held by Epoch Keen Limited, a substantial shareholder, during the black-out period, which constitutes a non-compliance incident with the Hong Kong Stock Exchange’s Listing Rules. The company acknowledges the breach but considers it an unintended mistake by Mr. Yu Jianqiu, the executive director, chairman, and CEO, and is taking steps to enhance internal controls and provide training to prevent future occurrences.
More about China Metal Resources Utilization Ltd.
China Metal Resources Utilization Ltd. operates in the metal resources industry, focusing on the utilization and recycling of metal resources. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 377,435
Technical Sentiment Signal: Hold
Current Market Cap: HK$295.8M
For an in-depth examination of 1636 stock, go to TipRanks’ Overview page.