BGMC International AGM Approvals and Compliance Issue

BGMC International Ltd. (HK:1693) has released an update.

At BGMC International Ltd.’s recent AGM, all proposed resolutions were passed unanimously by shareholders, including the re-election of executive directors, auditor appointments, and share-related authorizations. However, the company announced non-compliance with the Hong Kong Listing Rules due to an insufficient number of independent non-executive directors following Datuk Kang Hua Keong’s retirement. This has affected the composition of the Board and its committees, necessitating changes to meet regulatory standards.

For further insights into HK:1693 stock, check out TipRanks’ Stock Analysis page.