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Raffles Interior Announces Board and Committee Composition Changes

Story Highlights
  • Raffles Interior outlined its current board structure, including suspended duties for executive director Zheng Nenghuan.
  • Independent directors now dominate key board committees, with Wong Heung Ming Henry as acting chairman and audit chair.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Raffles Interior Announces Board and Committee Composition Changes

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Raffles Interior Ltd. ( (HK:1376) ) just unveiled an announcement.

Raffles Interior Limited has announced the current composition of its board of directors, noting that executive director Mr. Zheng Nenghuan’s duties are suspended and that the Board includes one additional executive director, one non-executive director and two independent non-executive directors. The company has also confirmed the membership of its three key board committees, with independent director Mr. Wong Heung Ming Henry serving as acting chairman of the Board and chair of the audit committee, while he and fellow independent director Mr. Chan Chi Keung, Alan, lead the remuneration committee and Mr. Chan chairs the nomination committee, underscoring a governance structure driven largely by independent oversight.

The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.

More about Raffles Interior Ltd.

Raffles Interior Limited, incorporated in the Cayman Islands and listed in Hong Kong (stock code: 1376), operates in the interior design and fitting-out sector. The company focuses on providing interior solutions, supported by a board structure that includes executive, non-executive and independent non-executive directors to oversee its corporate governance and strategic direction.

Average Trading Volume: 3,693,684

Technical Sentiment Signal: Sell

Current Market Cap: HK$156M

Find detailed analytics on 1376 stock on TipRanks’ Stock Analysis page.

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