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Dekon Food and Agriculture Group Reshapes Board With New Independent Director Nominee

Story Highlights
  • Dekon announces the resignation of INED Anthony Fung, citing personal work reasons, with no impact on operations.
  • The company nominates experienced accountant Chan Yuk Tong as new INED and audit committee chair to bolster governance oversight.
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Dekon Food and Agriculture Group Reshapes Board With New Independent Director Nominee

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Dekon Food And Agriculture Group Class H ( (HK:2419) ) has shared an announcement.

Dekon Food and Agriculture Group announced a boardroom change, with independent non-executive director and audit committee chairman Mr. Fung Che Wai, Anthony, resigning due to personal work arrangements, though he will remain in his roles until shareholders approve a successor and the company emphasized there is no disagreement with the board or adverse impact on operations. The board has nominated veteran accountant Mr. Chan Yuk Tong, who has extensive audit and listed-company governance experience across major Hong Kong and mainland issuers, to serve as the new independent non-executive director, audit committee chairman and remuneration committee member, a move that is expected to strengthen the company’s governance and financial oversight once ratified at a general meeting.

The most recent analyst rating on (HK:2419) stock is a Buy with a HK$73.00 price target. To see the full list of analyst forecasts on Dekon Food And Agriculture Group Class H stock, see the HK:2419 Stock Forecast page.

More about Dekon Food And Agriculture Group Class H

Dekon Food and Agriculture Group is a People’s Republic of China-incorporated joint stock company listed in Hong Kong that operates in the food and agriculture sector. The group focuses on supplying food and agricultural products, positioning itself within China’s broader agribusiness value chain and serving both domestic and potentially international markets through its Hong Kong listing.

Average Trading Volume: 664,166

Technical Sentiment Signal: Hold

Current Market Cap: HK$10.76B

See more data about 2419 stock on TipRanks’ Stock Analysis page.

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