tiprankstipranks

Wah Wo Holdings Faces Governance Challenge After Director’s Passing

Story Highlights
Wah Wo Holdings Faces Governance Challenge After Director’s Passing

Don’t Miss TipRanks’ Half-Year Sale

Wah Wo Holdings Group Limited ( (HK:9938) ) has issued an update.

Wah Wo Holdings Group Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, is facing a significant corporate governance challenge following the passing of Mr. Wu Wing Kuen, an independent non-executive director. His death has resulted in the company failing to meet several regulatory requirements related to board composition and committee chairmanships as stipulated by the Hong Kong Stock Exchange’s Listing Rules. The company is actively seeking suitable candidates to fill these roles to comply with the regulations within the next three months.

More about Wah Wo Holdings Group Limited

YTD Price Performance: 47.14%

Average Trading Volume: 525,000

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$103M

Find detailed analytics on 9938 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1