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China Tianrui Group Cement Faces Non-Compliance After Director Resignation

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China Tianrui Group Cement Faces Non-Compliance After Director Resignation

China Tianrui Group Cement Co., Ltd. ( (HK:1252) ) just unveiled an announcement.

China Tianrui Group Cement Co., Ltd. announced the resignation of Mr. Du Xiaotang from his roles as an independent non-executive director, chairman of the remuneration committee, and member of the audit committee, effective March 10, 2025. This resignation results in non-compliance with the Hong Kong Stock Exchange’s listing rules, as the company now lacks the required number of independent non-executive directors and audit committee members. The company is actively seeking candidates to fill these vacancies within three months to restore compliance.

More about China Tianrui Group Cement Co., Ltd.

China Tianrui Group Cement Co., Ltd. operates in the cement industry, focusing on the production and distribution of cement products. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: -13.16%

Average Trading Volume: 12,920

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €107.9M

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