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Infinity Development Announces Cessation of Independent Non-Executive Director

Story Highlights
  • Infinity Development Holdings reported a board change affecting its dual-listed governance structure.
  • Independent non-executive director Simon Luk has ceased his role, altering the company’s board independence profile.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Infinity Development Announces Cessation of Independent Non-Executive Director

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An update from Infinity Development Holdings Co. Ltd. ( (HK:0640) ) is now available.

Infinity Development Holdings Company Limited has issued an overseas regulatory announcement to notify investors on both the Hong Kong and Singapore exchanges of a board change, in line with cross-border listing requirements. The company announced the cessation of Mr. Simon Luk as an independent non-executive director, a move that may affect the composition of its board’s independent oversight and governance structure, and will be closely watched by stakeholders given the importance of independent directors in maintaining robust corporate governance standards.

The most recent analyst rating on (HK:0640) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Infinity Development Holdings Co. Ltd. stock, see the HK:0640 Stock Forecast page.

More about Infinity Development Holdings Co. Ltd.

Infinity Development Holdings Company Limited is a Cayman Islands-incorporated company listed in both Hong Kong and Singapore, with its shares traded under stock codes 640 (Hong Kong) and ZBA (Singapore). The company is governed by a board comprising executive and independent non-executive directors, reflecting a dual-market regulatory and corporate governance framework.

Average Trading Volume: 119,800

Technical Sentiment Signal: Buy

Current Market Cap: HK$814.1M

See more data about 0640 stock on TipRanks’ Stock Analysis page.

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