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PuraPharm Faces Compliance Challenges After Director Resignation

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PuraPharm Faces Compliance Challenges After Director Resignation

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PuraPharm Corp. Ltd. ( (HK:1498) ) just unveiled an announcement.

PuraPharm Corporation Limited announced the resignation of Mr. Ho Kwok Wah, George from his roles as an independent non-executive director and chairman of the audit committee, among other positions, effective July 4, 2025. His departure is due to personal and business commitments, and he has no disagreements with the board. This resignation results in the company not complying with several Hong Kong Stock Exchange listing rules, including the requirement for a minimum number of independent non-executive directors and specific committee compositions.

More about PuraPharm Corp. Ltd.

PuraPharm Corporation Limited is a company incorporated in the Cayman Islands, operating in the pharmaceutical industry. The company, along with its subsidiaries, focuses on the development and distribution of herbal and traditional Chinese medicine products.

Average Trading Volume: 136,802

Technical Sentiment Signal: Sell

Current Market Cap: HK$197.5M

Learn more about 1498 stock on TipRanks’ Stock Analysis page.

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