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Xiwang Property Faces Compliance Challenges Following Director Resignation

Story Highlights
  • Xiwang Property announced the resignation of Mr. Wong, leading to non-compliance with listing rules.
  • The company is seeking a replacement to restore compliance, while trading remains suspended.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Xiwang Property Faces Compliance Challenges Following Director Resignation

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Xiwang Property Holdings Co., Ltd. ( (HK:2088) ) just unveiled an announcement.

Xiwang Property Holdings Co., Ltd. announced the resignation of Mr. Wong Kai Hing as an independent non-executive director and chairman of several committees due to personal reasons. This resignation has resulted in non-compliance with several listing rules, as the company no longer meets the required number of independent non-executive directors on its board and committees. The company is actively seeking a suitable replacement to restore compliance within three months. Additionally, trading of the company’s shares remains suspended until all resumption guidelines are met and compliance with listing rules is achieved.

More about Xiwang Property Holdings Co., Ltd.

YTD Price Performance: 40.74%

Technical Sentiment Signal: Sell

Current Market Cap: HK$53.53M

Find detailed analytics on 2088 stock on TipRanks’ Stock Analysis page.

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