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The latest update is out from Guorui Properties Ltd ( (HK:2329) ).
Glory Health Industry Limited, a company incorporated in the Cayman Islands, has announced a significant update regarding its board composition and compliance with stock exchange listing rules. Following the resignation of Mr. Yuan Hao as an independent non-executive director, the company faced challenges in appointing a suitable replacement due to concerns about the property sector’s operating conditions in China and misalignment with candidates’ appointment terms. Consequently, the company applied for and was granted a waiver from strict compliance with certain listing rules, allowing more time to appoint Mr. Wang Shiyu as an independent non-executive director. This waiver, subject to change by the stock exchange, highlights the company’s proactive measures to maintain compliance and stabilize its board amid challenging market conditions.
The most recent analyst rating on (HK:2329) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Guorui Properties Ltd stock, see the HK:2329 Stock Forecast page.
More about Guorui Properties Ltd
YTD Price Performance: 6.86%
Average Trading Volume: 1,832,819
Technical Sentiment Signal: Sell
Current Market Cap: HK$480M
For detailed information about 2329 stock, go to TipRanks’ Stock Analysis page.