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17LIVE Announces Resignation of Independent Director Amid OFAC Listing

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17LIVE Announces Resignation of Independent Director Amid OFAC Listing

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An announcement from 17LIVE Group Limited ( (SG:LVR) ) is now available.

17LIVE Group Limited, a company incorporated in the Cayman Islands, announced the resignation of its Independent Non-Executive Director, Ms. Chen Xiuling. This decision follows her inclusion in the U.S. Department of the Treasury’s Office of Foreign Assets Control’s Specially Designated Nationals List. The company clarified that Ms. Chen was not involved in its business operations and that it has no business ties with her or her associated entities. The board has accepted her voluntary resignation and will seek a new independent director.

More about 17LIVE Group Limited

Average Trading Volume: 88,296

Technical Sentiment Signal: Sell

Current Market Cap: S$171.1M

For detailed information about LVR stock, go to TipRanks’ Stock Analysis page.

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