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Zhejiang Tengy Environmental Technology Affirms Director’s Suitability Amid Legal Proceedings

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Zhejiang Tengy Environmental Technology Affirms Director’s Suitability Amid Legal Proceedings

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Zhejiang Tengy Environmental Technology Co., Ltd. Class H ( (HK:1527) ) just unveiled an announcement.

Zhejiang Tengy Environmental Technology Co., Ltd announced that legal proceedings initiated by the Securities and Futures Commission against Dr. Zheng Jian Peng, an independent non-executive director of the company, are unrelated to the company’s operations. The board, excluding Dr. Zheng, has reviewed the situation and concluded that Dr. Zheng remains suitable for his role, as there are no binding decisions against him and no issues of dishonesty or fraud involved. The company reassures stakeholders that these proceedings will not impact its business or operations.

More about Zhejiang Tengy Environmental Technology Co., Ltd. Class H

Zhejiang Tengy Environmental Technology Co., Ltd is a joint stock company established in the People’s Republic of China, focusing on environmental technology solutions. The company operates with its subsidiaries and is listed on the Hong Kong Stock Exchange.

Average Trading Volume: 147,971

Technical Sentiment Signal: Buy

Current Market Cap: HK$307.8M

For detailed information about 1527 stock, go to TipRanks’ Stock Analysis page.

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