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Huanxi Media Group Ltd. ( (HK:1003) ) has issued an update.
Huanxi Media Group Ltd. announced that Newwood Investments Limited, a company controlled by former chairman Mr. Dong Ping, sold 119,370,000 shares, representing 3.26% of the company’s total issued share capital, during a blackout period. This sale violated the Model Code for Securities Transactions, as it occurred without the knowledge or consent of the company’s relevant directors, who were unable to prevent the transaction due to lack of control over Newwood’s actions.
More about Huanxi Media Group Ltd.
Huanxi Media Group Ltd. operates in the media industry, focusing on film and television production and distribution. The company is known for its involvement in producing and distributing a variety of media content, targeting a broad audience in the entertainment sector.
Average Trading Volume: 14,935,700
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.26B
For detailed information about 1003 stock, go to TipRanks’ Stock Analysis page.