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Raffles Interior Faces Compliance Challenge Following Director Resignation

Story Highlights
  • Raffles Interior announced the resignation of Mr. Tan Chong Huat as an independent director.
  • The company is temporarily breaching listing rules and seeks replacements within three months.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Raffles Interior Faces Compliance Challenge Following Director Resignation

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The latest announcement is out from Raffles Interior Ltd. ( (HK:1376) ).

Raffles Interior Limited has announced the resignation of Mr. Tan Chong Huat from his role as an independent non-executive director, chairman of the nomination committee, and member of both the audit and remuneration committees. This resignation has led to a temporary breach of Hong Kong Stock Exchange listing rules regarding committee composition, prompting the company to seek suitable replacements within three months to comply with the regulations.

The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 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.

Average Trading Volume: 5,210,844

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$127M

Learn more about 1376 stock on TipRanks’ Stock Analysis page.

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