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Leadership Changes and Trading Suspension at Strong Petrochemical

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Leadership Changes and Trading Suspension at Strong Petrochemical

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An announcement from Strong Petrochemical Holdings Limited ( (HK:0852) ) is now available.

Strong Petrochemical Holdings Limited has announced the resignation of Mr. Yao Guoliang from his roles as an executive director, CEO, and member of the remuneration and nomination committees, effective January 24, 2025. This decision follows an unresolved dispute with another executive director, Mr. Wang Jian Sheng, which has affected the company’s operations. The company aims to stabilize its management and operations with an independent team. Additionally, the trading of company shares remains suspended since December 31, 2024, with an advisory for caution to shareholders and investors.

More about Strong Petrochemical Holdings Limited

Strong Petrochemical Holdings Limited, incorporated in the Cayman Islands, operates in the petrochemical industry. It focuses on the production and management of petrochemical products and related services.

YTD Price Performance: 10.0%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €43.48M

For an in-depth examination of 0852 stock, go to TipRanks’ Stock Analysis page.

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