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Melbourne Enterprises Faces Temporary Non-Compliance After Director Resignation

Story Highlights
  • Mr. Lo Pak Shiu resigned from Melbourne Enterprises due to potential conflicts of interest.
  • The resignation led to temporary non-compliance with Hong Kong Stock Exchange listing rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Melbourne Enterprises Faces Temporary Non-Compliance After Director Resignation

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Melbourne Enterprises Limited ( (HK:0158) ) just unveiled an announcement.

Melbourne Enterprises Limited has announced the resignation of Mr. Lo Pak Shiu as an Independent Non-executive Director due to potential conflicts of interest arising from his shareholding in the company. This resignation has resulted in temporary non-compliance with Hong Kong Stock Exchange listing rules, as the company now lacks the required number of independent directors on its board and committees. The company is actively seeking a suitable replacement to restore compliance within three months.

More about Melbourne Enterprises Limited

Average Trading Volume: 3,304

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.56B

For a thorough assessment of 0158 stock, go to TipRanks’ Stock Analysis page.

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