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Fullshare Holdings ( (HK:0607) ) has issued an update.
Fullshare Holdings Limited has issued a voluntary announcement to address allegations made by China High Speed Transmission Equipment Group Co., Ltd. (CHS) regarding the receivables and pre-payments of CHS’s subsidiaries. The board of Fullshare Holdings refutes these claims as baseless and highlights issues in CHS’s internal controls and supervision, particularly implicating CHS’s board members, including its chairman and CEO, in failing to properly manage and authorize substantial fund transfers. Furthermore, the announcement discusses amendments to the NHS articles, which have altered CHS’s control over the appointment and removal of directors, now requiring a two-thirds shareholder vote.
More about Fullshare Holdings
Fullshare Holdings Limited is a company incorporated in the Cayman Islands, operating with various subsidiaries. The company is involved in diverse industries, focusing on sectors such as high-speed transmission equipment through its association with China High Speed Transmission Equipment Group Co., Ltd. (CHS).
Average Trading Volume: 267,470
Current Market Cap: HK$210.5M
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