Santech Holdings (STEC) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Santech Holdings has announced board and management changes after its Chairman and CEO were detained for alleged illegal activities at Hywin Wealth Management, which is unrelated to the company. Lawrence Wai Lok has been appointed as the acting CEO to lead Santech’s strategic shift towards technology sectors like new retail and the metaverse. The company assures commitment to good governance practices and has engaged US counsel for legal advice on securities laws.
For further insights into STEC stock, check out TipRanks’ Stock Analysis page.