Shenwan Hongyuan (H.K.) Limited (HK:0218) has released an update.
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Following the resignation of Mr. Chen Liqiang, Shenwan Hongyuan (H.K.) Limited fell short of the Hong Kong Stock Exchange’s listing rule requirements for Independent Non-executive Directors and Audit Committee members. The company has been granted a one-month waiver by the Stock Exchange to extend the deadline for compliance and is in the process of appointing a suitable candidate pending approval from various committees and a shareholder vote.
For further insights into HK:0218 stock, check out TipRanks’ Stock Analysis page.