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An update from Raffles Interior Ltd. ( (HK:1376) ) is now available.
Raffles Interior Limited has announced the receipt of a demand letter from an international law firm on behalf of a claimant concerning a deed of advisory service with the company’s chairman, Mr. Zheng Nenghuan. The letter outlines a potential transfer of Mr. Zheng’s controlling stake in the company if he fails to fulfill a payment obligation of HK$10 million. The board is investigating the matter and seeking legal advice, as the situation could impact the company’s operations and shareholder interests.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.50 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: 7,218,245
Technical Sentiment Signal: Sell
Current Market Cap: HK$147M
For detailed information about 1376 stock, go to TipRanks’ Stock Analysis page.