Shirble shareholders reject proposal to extend overdue consultancy fee payments

Shirble Department Store Holdings (China) Ltd. ( (HK:0312) ) has issued an update.

Independent shareholders of Shirble Department Store Holdings (China) Limited have voted down an ordinary resolution at an extraordinary general meeting held on 19 March 2026. The resolution sought approval of a supplemental agreement to further extend the settlement of overdue consultancy fees between Huai’an Runleju Engineering Construction Co., Ltd. and Shenzhen Shengrunfeng Investment & Development Co., Ltd., as well as authorization for directors to implement its terms.

Poll voting at the meeting showed that, after excluding shares that were mistakenly counted from Shirble BVI, less than 50% of the valid votes cast supported the proposal, meaning it failed to pass. The rejection indicates that the company cannot proceed with the proposed consultancy fee payment extension on the terms presented, potentially affecting the timing of those payments and highlighting governance scrutiny over related-party or connected transactions by minority investors.

The most recent analyst rating on (HK:0312) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Shirble Department Store Holdings (China) Ltd. stock, see the HK:0312 Stock Forecast page.

More about Shirble Department Store Holdings (China) Ltd.

Shirble Department Store Holdings (China) Limited is a Cayman Islands–incorporated retailer operating department stores in China. The company focuses on consumer retail services through its physical store network, catering to shoppers in its local markets and participating in the broader Chinese retail sector.

Average Trading Volume: 630,960

Technical Sentiment Signal: Sell

Current Market Cap: HK$157.2M

Learn more about 0312 stock on TipRanks’ Stock Analysis page.