tiprankstipranks
Advertisement
Advertisement

Haitian International Defends Director Nominees After Past Regulatory Actions Disclosed

Story Highlights
  • Haitian International disclosed past regulatory actions involving its two proposed independent directors while affirming their suitability for board roles.
  • The board stressed that prior sanctions on Mr. Shi and a criticism notice affecting Ms. Bei relate to former employers, not Haitian, and do not affect expected contributions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Haitian International Defends Director Nominees After Past Regulatory Actions Disclosed

Meet Samuel – Your Personal Investing Prophet

The latest update is out from Haitian International Holdings ( (HK:1882) ).

Haitian International issued a supplemental announcement on the proposed appointments of Mr. Shi Jianhui and Ms. Bei Hongjun as independent non-executive directors, disclosing past regulatory actions involving each candidate to comply with Hong Kong listing rules. The board emphasized that Mr. Shi’s prior three-year disqualification in Hong Kong and the Shanghai Stock Exchange’s 2023 notice of criticism involving Ms. Bei were unrelated to Haitian’s operations and did not alter its view of their suitability or expected contribution to the group.

The company detailed that Mr. Shi’s disqualification, which expired in 2022, stemmed from failures of due inquiry at a former employer without findings of dishonesty, and that no other penalties were imposed on him. It also explained that Ms. Bei was among those criticized by the Shanghai Stock Exchange after a former company significantly revised 2022 profit figures, and noted that she served only as an independent director there, while Haitian’s nomination committee and board, after review and confirmation from her, maintained confidence in appointing her.

The most recent analyst rating on (HK:1882) stock is a Hold with a HK$26.00 price target. To see the full list of analyst forecasts on Haitian International Holdings stock, see the HK:1882 Stock Forecast page.

More about Haitian International Holdings

Haitian International Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and traded under stock code 1882. The group operates through a board that includes independent non-executive directors, reflecting a governance structure aligned with Hong Kong listing requirements and focused on regulatory compliance and board independence.

Average Trading Volume: 2,329,005

Technical Sentiment Signal: Buy

Current Market Cap: HK$34.41B

See more data about 1882 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1