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Hong Kong Johnson Holdings Co., Ltd. ( (HK:1955) ) has provided an update.
Hong Kong Johnson Holdings Co., Ltd. has disclosed that Hong Kong’s Independent Commission Against Corruption executed a search warrant at its principal place of business and arrested a senior manager and two employees, all non-directors, in connection with a suspected offence under section 9(1) of the Prevention of Bribery Ordinance. The board has immediately suspended all operational, administrative and executive duties and powers of the three staff members, stressed that no directors or other employees have been arrested or charged, and stated that the group’s business and operations remain normal while it seeks further information on the probe. Trading in the company’s shares, which was halted on 22 January pending this announcement, is expected to resume on 23 January, with the company urging shareholders and potential investors to exercise caution when dealing in its securities.
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. is a Hong Kong-listed company incorporated in the Cayman Islands, operating through a group structure in Hong Kong. It is governed by a board comprising executive, non-executive and independent non-executive directors, and its shares are traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1955.
Average Trading Volume: 90,250
Technical Sentiment Signal: Hold
Current Market Cap: HK$280M
Learn more about 1955 stock on TipRanks’ Stock Analysis page.