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Hin Sang Group (International) Holding Co. Ltd. ( (HK:6893) ) has shared an update.
Hin Sang Group (International) Holding announced that its chairman, chief executive officer and executive director, Mr. Pang Siu Hin, has been placed in criminal custody by mainland China’s Public Security Bureau, in a case the board says does not involve the group’s operations or financial affairs. The board does not expect a material adverse impact on the company’s business or financial position but has cautioned shareholders and investors when dealing in its securities.
In response to Mr. Pang’s inability to perform his duties, the board has immediately suspended all his administrative and executive powers as chairman, CEO and executive director, citing the best interests of shareholders. Executive director Ms. Kwan Lai Man has been appointed Acting Chairperson, while company secretary Mr. Chen Yeung Tak replaces Mr. Pang as the company’s authorised representative and process agent with effect from 15 April 2026.
More about Hin Sang Group (International) Holding Co. Ltd.
Hin Sang Group (International) Holding Co. Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates through its subsidiaries as part of a diversified group. The company is governed by a board comprising executive, non-executive and independent non-executive directors, and is subject to Hong Kong’s listing and securities regulatory framework.
Average Trading Volume: 225,045
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$241.3M
Learn more about 6893 stock on TipRanks’ Stock Analysis page.