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%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.