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Asia Resources Holdings Limited ( (HK:0899) ) has provided an announcement.
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda, has announced several key updates. The company is addressing unauthorized use of its name in fraudulent activities, appointing Mr. Wong Chun Peng Stewart as an independent non-executive director, and proposing changes to its company name and bye-laws. The fraudulent activities involve impersonation scams aimed at defrauding the public in China, and the company is considering legal action to protect its reputation. The appointment of Mr. Wong, a seasoned legal professional, is expected to strengthen the company’s governance and oversight.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
More about Asia Resources Holdings Limited
Average Trading Volume: 404,897
Technical Sentiment Signal: Sell
Current Market Cap: HK$71.23M
Find detailed analytics on 0899 stock on TipRanks’ Stock Analysis page.