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China Silver Technology Announces Chairman’s Resignation Amid Financial Disputes

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China Silver Technology Announces Chairman’s Resignation Amid Financial Disputes

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China Silver Technology Holdings Limited ( (HK:0515) ) has provided an announcement.

China Silver Technology Holdings Limited announced the resignation of its non-executive director and chairman, Mr. Lai Yubin, due to his intention to focus on other business pursuits. Mr. Lai’s resignation is linked to financial matters, including personal guarantees on loans and a loan owed to him by a company’s subsidiary. The board must obtain creditor consent to release him from a guarantee and disputes the interest on the loan owed to him. Despite these issues, Mr. Lai and the board have no further disagreements.

More about China Silver Technology Holdings Limited

YTD Price Performance: 4.00%

Average Trading Volume: 169,411

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$58.93M

For an in-depth examination of 0515 stock, go to TipRanks’ Stock Analysis page.

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