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Paladin Ordered to Restore Board Compliance as Trading Suspension Continues

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Paladin Ordered to Restore Board Compliance as Trading Suspension Continues

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Paladin Limited ( (HK:0495) ) has shared an announcement.

Paladin Limited has received additional resumption guidance from the Hong Kong Stock Exchange after the resignation of an independent non-executive director left its board composition non-compliant with the minimum requirement for independent non-executive directors under Listing Rule 3.10(1). The company must restore compliance with this rule as a condition for resuming trading in its shares, which have been suspended since 27 November 2024, with the exchange warning that the listing may be cancelled if the suspension extends to 18 months, heightening pressure on Paladin to resolve its governance issues to protect its listing status and shareholders’ interests.

The most recent analyst rating on (HK:0495) stock is a Sell with a HK$0.01 price target. To see the full list of analyst forecasts on Paladin Limited stock, see the HK:0495 Stock Forecast page.

More about Paladin Limited

Technical Sentiment Signal: Sell

Current Market Cap: HK$19.69M

See more insights into 0495 stock on TipRanks’ Stock Analysis page.

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