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Raffles Interior Ltd. ( (HK:1376) ) has shared an update.
Raffles Interior Limited has received an injunction order from the Grand Court of the Cayman Islands, obtained ex parte by its controlling shareholder Han Vision Holdings Limited, that temporarily restricts the company’s ability to convene board meetings on short notice, alter board agendas without notice to director Zheng Nenghuan, and issue or place new shares without Han Vision’s consent. The order specifically freezes any action related to a proposed placement of 200 million new shares, including engaging placement agents, contacting potential investors, registering new shareholders, or seeking listing approval for those shares, and is expected to result in the adjournment of the 20 January extraordinary general meeting to a date after 20 February 2026, signalling an escalation in the shareholder’s challenge to recent board decisions and creating near-term uncertainty for the company’s capital-raising plans and governance structure.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.19 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 is a Hong Kong-listed company incorporated in the Cayman Islands, with Han Vision Holdings Limited as its controlling shareholder. The company is governed by a board of directors subject to Hong Kong Listing Rules and Cayman Islands law, with recent corporate governance tensions centred on board composition and share issuance decisions.
Average Trading Volume: 3,792,410
Technical Sentiment Signal: Buy
Current Market Cap: HK$185M
For detailed information about 1376 stock, go to TipRanks’ Stock Analysis page.