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E&P Global Holdings Limited ( (HK:1142) ) has issued an update.
E&P Global Holdings Limited announced significant changes in its board composition, including the resignation of Mr. Lee Jaeseong as an executive director and chairman of the board. This decision follows the revelation that Mr. Lee failed to disclose critical information regarding a revocation decision and related legal proceedings concerning a mining license. The board is now seeking Russian legal advice to assess the situation and ensure compliance with listing rules. Mr. Lee will remain as an interim consultant for the company, while Mr. Im Jonghak will assume his management responsibilities. The company is committed to safeguarding shareholder interests and will provide updates as necessary.
The most recent analyst rating on (HK:1142) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on E&P Global Holdings Limited stock, see the HK:1142 Stock Forecast page.
More about E&P Global Holdings Limited
E&P Global Holdings Limited is a company incorporated in the Cayman Islands with limited liability. It operates in the mining industry, focusing on managing licenses and overseeing operations related to mining activities.
Average Trading Volume: 10,301,953
Technical Sentiment Signal: Buy
Current Market Cap: HK$39.81B
See more insights into 1142 stock on TipRanks’ Stock Analysis page.