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The latest announcement is out from Khoon Group Limited ( (HK:0924) ).
Khoon Group Limited has issued an inside information clarification after a media report claimed that the High Court of Hong Kong had made a restraint order over certain personal assets of its controlling shareholder, Mr. Chen Zhi, including securities in the company. The board said that, based on current information and reasonable enquiries, neither the company nor any group member, director, senior manager, or employee is a party to the legal proceedings mentioned.
According to the board, the matter described in the report concerns principally Mr. Chen’s personal assets and not the group’s assets, business, or operations, and any impact on Khoon Group’s operations and financial position has yet to be assessed. The company stated it is not aware of further issues related to the case that would constitute inside information and will continue to monitor developments, promising additional announcements in line with Hong Kong listing and securities regulations if required.
More about Khoon Group Limited
Khoon Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands and traded on the Main Board of the Stock Exchange of Hong Kong. The group operates through its subsidiaries, with its shareholding structure featuring a controlling shareholder, Mr. Chen Zhi, who indirectly holds 55% of the company’s issued shares.
Average Trading Volume: 47,040
Technical Sentiment Signal: Sell
Current Market Cap: HK$123M
For detailed information about 0924 stock, go to TipRanks’ Stock Analysis page.