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Raffles Interior Ltd. ( (HK:1376) ) has shared an announcement.
Raffles Interior Ltd. has announced the receipt of a complaint letter questioning the suitability of its Chairman, Mr. Zheng Nenghuan, to act as a director. The complaint, filed by an anonymous minority shareholder, highlights multiple ongoing litigations involving Mr. Zheng, including financial loan disputes and other legal issues, which could potentially impact the company’s reputation and governance. The Board is reviewing the allegations and has raised inquiries with Mr. Zheng regarding the non-disclosure of these litigations.
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: 6,547,407
Technical Sentiment Signal: Sell
Current Market Cap: HK$127M
For an in-depth examination of 1376 stock, go to TipRanks’ Overview page.