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Teamway International Faces Board Resignation and Compliance Challenge

Story Highlights
  • Mr. Chow Ming Sang resigned from Teamway’s board to focus on personal commitments.
  • The resignation led to non-compliance with listing rules, prompting a search for new directors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Teamway International Faces Board Resignation and Compliance Challenge

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Teamway International Group Holdings Limited ( (HK:1239) ) just unveiled an announcement.

Teamway International Group Holdings Limited announced the resignation of Mr. Chow Ming Sang as an independent non-executive director and member of several board committees, effective August 31, 2025, due to his personal and business commitments. This resignation results in non-compliance with Hong Kong Stock Exchange listing rules, as the company now lacks the required number of independent non-executive directors and audit committee members. The company is actively seeking suitable candidates to fill these vacancies and aims to resolve the compliance issue within three months.

The most recent analyst rating on (HK:1239) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Teamway International Group Holdings Limited stock, see the HK:1239 Stock Forecast page.

More about Teamway International Group Holdings Limited

Teamway International Group Holdings Limited is a company incorporated in the Cayman Islands, operating with a focus on its subsidiaries. The company is listed on the Hong Kong Stock Exchange and engages in various business activities, although specific industries or services are not detailed in the announcement.

Average Trading Volume: 891,009

Technical Sentiment Signal: Buy

Current Market Cap: HK$80.1M

For a thorough assessment of 1239 stock, go to TipRanks’ Stock Analysis page.

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