Hengdeli Clarifies Shareholder-Driven Ouster of Director Huang

Hengdeli Holdings ( (HK:3389) ) has issued an announcement.

Hengdeli Holdings issued a supplemental announcement clarifying the circumstances surrounding the removal of director Huang Yonghua, which was approved by shareholders at an extraordinary general meeting. The company stressed that the initiative to remove Huang originated solely from shareholder Empire Charm Limited, which requisitioned the meeting under the firm’s articles.

According to the requisitioning shareholder, the move aimed to optimize the board structure and improve operational efficiency, amid disagreements with Huang over the company’s past investment strategies and related internal approvals. After reviewing records, the board defended the earlier investment decisions as properly approved and market‑driven, rejected Huang’s criticisms as inaccurate, and said no further material matters regarding his removal need to be disclosed.

The most recent analyst rating on (HK:3389) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Hengdeli Holdings stock, see the HK:3389 Stock Forecast page.

More about Hengdeli Holdings

Hengdeli Holdings Limited is a Hong Kong–listed company incorporated in the Cayman Islands and traded on the Main Board under stock code 3389. The group operates under a board structure that includes executive, non-executive and independent non-executive directors, reflecting a typical corporate governance framework for listed companies in the region.

Average Trading Volume: 4,772,762

Technical Sentiment Signal: Buy

Current Market Cap: HK$788.3M

For an in-depth examination of 3389 stock, go to TipRanks’ Overview page.