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China Tianbao Group Discloses Director Involvement in Winding-Up of China South City

Story Highlights
  • China Tianbao’s directors were involved with China South City, now ordered to wind up.
  • Disclosure required due to director roles during China South City’s winding-up order.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Tianbao Group Discloses Director Involvement in Winding-Up of China South City

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China Tianbao Group Development Company Limited ( (HK:1427) ) has issued an update.

China Tianbao Group Development Company Limited announced that its executive director, Ms. Shen Lifeng, and independent non-executive director, Mr. Li Xu, were involved with China South City Holdings Limited, which has been ordered to be wound up by the High Court of Hong Kong. This development is significant as both directors held positions at China South City during the issuance of the winding-up order, necessitating disclosure under Hong Kong Stock Exchange rules. The impact of this event on China Tianbao Group’s operations or its stakeholders is not explicitly detailed in the announcement.

More about China Tianbao Group Development Company Limited

Average Trading Volume: 153,673

Technical Sentiment Signal: Buy

Current Market Cap: HK$228.3M

Learn more about 1427 stock on TipRanks’ Stock Analysis page.

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