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Xinji Shaxi Group Executives Detained, Company Operations Unaffected

Story Highlights
  • Three executive directors of Xinji Shaxi Group are detained for alleged illegal deposit taking.
  • The company states its operations and financial position remain stable despite the incident.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Xinji Shaxi Group Executives Detained, Company Operations Unaffected

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An announcement from Xinji Shaxi Group Co., Ltd. ( (HK:3603) ) is now available.

Xinji Shaxi Group Co., Ltd. announced that three of its executive directors and controlling shareholders, Mr. Cheung Hon Chuen, Mr. Mei Zuoting, and Mr. Zhang Weixin, have been detained by the Guangzhou Municipal Public Security Bureau in connection with an alleged offense of illegally taking deposits from the public. Despite this incident, the company assures stakeholders that its financial position and operations remain unaffected as the board continues to function with other directors and experienced management personnel overseeing daily operations.

More about Xinji Shaxi Group Co., Ltd.

Average Trading Volume: 823,239

Technical Sentiment Signal: Sell

Current Market Cap: HK$79.13M

Find detailed analytics on 3603 stock on TipRanks’ Stock Analysis page.

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