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Xin Yuan Enterprises Group Ltd. ( (HK:1748) ) has shared an announcement.
Xin Yuan Enterprises Group Limited, a company incorporated in the Cayman Islands, has received a written notice from three corporate entities claiming to be shareholders, holding approximately 38.62% of the company’s voting rights. The notice calls for an extraordinary general meeting to consider the removal and appointment of several directors, including the chairman and CEO, and revocation of certain mandates granted to the directors. The company’s board, after consulting with legal advisors, believes that the proposed resolutions will not restrict the directors’ rights under the existing general mandate.
More about Xin Yuan Enterprises Group Ltd.
YTD Price Performance: -13.66%
Average Trading Volume: 82,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$611.6M
For an in-depth examination of 1748 stock, go to TipRanks’ Stock Analysis page.