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The latest update is out from Hong Kong Johnson Holdings Co., Ltd. ( (HK:1955) ).
Hong Kong Johnson Holdings Co., Ltd. has disclosed that its chief executive officer, Mr. Fung Chi Wang William, and two other employees—none of whom sit on the board—have been identified as the “Relevant Employees” whose duties and powers were earlier suspended in connection with an ongoing investigation. According to the Independent Commission Against Corruption, the three were arrested on suspicion of accepting advantages from subcontractors in exchange for the award of various commercial service contracts and contracts for the supply and maintenance of vehicles for the company, with the alleged conduct not involving any government contracts; the company has warned shareholders and potential investors to exercise caution when dealing in its securities and said it will issue further announcements as required under Hong Kong’s listing rules.
The most recent analyst rating on (HK:1955) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hong Kong Johnson Holdings Co., Ltd. stock, see the HK:1955 Stock Forecast page.
More about Hong Kong Johnson Holdings Co., Ltd.
Hong Kong Johnson Holdings Co., Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries under the “Johnson” group brand. The company is engaged in providing contracted services and vehicle-related support to commercial-sector clients in Hong Kong, relying on subcontractors for various service contracts as well as for the supply and maintenance of vehicles used in its operations.
Average Trading Volume: 91,636
Technical Sentiment Signal: Sell
Current Market Cap: HK$270M
For an in-depth examination of 1955 stock, go to TipRanks’ Overview page.