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Nanfang Communication Faces Compliance Challenge After Director’s Passing

Story Highlights
  • Mr. Wu Wing Kuen, a dedicated director at Nanfang Communication, has passed away.
  • His passing causes temporary non-compliance with stock exchange rules, necessitating swift replacement.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nanfang Communication Faces Compliance Challenge After Director’s Passing

Confident Investing Starts Here:

Nanfang Communication Holdings Ltd. ( (HK:1617) ) has issued an update.

Nanfang Communication Holdings Limited announced the passing of Mr. Wu Wing Kuen, an independent non-executive director, who served diligently since 2016. His death leaves the company temporarily non-compliant with the Hong Kong Stock Exchange’s listing rules due to a shortfall in independent directors and committee members, prompting an urgent search for a replacement.

More about Nanfang Communication Holdings Ltd.

YTD Price Performance: 14.00%

Average Trading Volume: 685,608

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$180.5M

For a thorough assessment of 1617 stock, go to TipRanks’ Stock Analysis page.

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