Yangzhou Guangling District Taihe Rural Micro-Finance (HKG:1915) has proposed to appoint Tian Zhenyong as the chairman of the board and to hold office until Jan. 19, 2027, a Monday Hong Kong bourse filing said.
The proposal for the appointment of a new chairman came following the bankruptcy liquidation applications against the company's controlling and substantial shareholders, Jiangsu Botai Group and Jiangsu Liantai Fashion Shopping Mall Real Estate.
The company will dispatch a circular regarding the changes and about the extraordinary general meeting of the company to its shareholders in due course.
The shares of the rural micro-finance company were up nearly 5% on Monday's close.
Price (HKD): $0.44, Change: $+0.020, Percent Change: +4.76%
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