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The latest announcement is out from Xin Yuan Enterprises Group Ltd. ( (HK:1748) ).
Xin Yuan Enterprises Group Limited is facing a legal challenge as Mr. Chen Ming, an executive Director, has filed a writ against several current and former directors and the company secretary. The dispute centers on resolutions passed during a board meeting on December 17, 2024, which allegedly breached the company’s Articles of Association. The resolutions involved changes to the board’s composition, including the removal of Mr. Chen Ming as chairman. The plaintiff seeks declarations to void these resolutions and interim injunctive relief against implementing them. The case will be heard on February 14, 2025.
More about Xin Yuan Enterprises Group Ltd.
YTD Price Performance: 3.11%
Average Trading Volume: 99,809
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$748M
See more insights into 1748 stock on TipRanks’ Stock Analysis page.
