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Xinhua News Media Faces Legal Challenge Over Board Appointments

Story Highlights
  • Xinhua News Media received court applications concerning a shareholder’s requisition.
  • The dispute involves board appointments and resolutions, with a hearing set in Hong Kong.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Xinhua News Media Faces Legal Challenge Over Board Appointments

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Xinhua News Media Holdings Limited ( (HK:0309) ) just unveiled an update.

Xinhua News Media Holdings Limited has received court applications related to a shareholder’s requisition for an extraordinary general meeting. The requisition involves disputes over the validity of board appointments and resolutions, with the plaintiff seeking to enforce the appointment of new directors and invalidate certain board meetings and resolutions. The case is scheduled for a hearing at the High Court of Hong Kong.

More about Xinhua News Media Holdings Limited

Average Trading Volume: 6,014,850

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$79.17M

For detailed information about 0309 stock, go to TipRanks’ Stock Analysis page.

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