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Tesson Holdings Ltd. ( (HK:1201) ) has issued an announcement.
Tesson Holdings Limited has clarified the board composition following the recent appointment of Ms. Cheng and Mr. Li as executive directors, which resulted in the board having ten members in total. Of these, three are independent non-executive directors, leaving the company temporarily below the Hong Kong listing requirement that at least one-third of the board be independent.
The board is actively searching for an additional independent non-executive director to restore compliance with the Listing Rules and aims to fill the vacancy within three months of its earlier announcement. The company has indicated it will issue further updates once a suitable candidate is identified, underscoring its intention to address the governance shortfall promptly and maintain regulatory compliance.
The most recent analyst rating on (HK:1201) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Tesson Holdings Ltd. stock, see the HK:1201 Stock Forecast page.
More about Tesson Holdings Ltd.
Tesson Holdings Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange. It is governed by a board comprising executive directors and independent non-executive directors, reflecting typical corporate governance structures for listed companies in Hong Kong.
Average Trading Volume: 976,193
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.14B
For a thorough assessment of 1201 stock, go to TipRanks’ Stock Analysis page.