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Ernest Borel Holdings Faces Compliance Challenge After Director’s Passing

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Ernest Borel Holdings Faces Compliance Challenge After Director’s Passing

Ernest Borel Holdings Ltd ( (HK:1856) ) has provided an update.

Ernest Borel Holdings Limited, a company incorporated in the Cayman Islands, has announced the passing of Mr. Zhang Bin, an independent non-executive director who was also a member of several key committees. This unfortunate event has resulted in non-compliance with Hong Kong Stock Exchange Listing Rules, as the company now has fewer than the required number of independent non-executive directors and Audit Committee members. The board is actively seeking a suitable replacement to restore compliance within three months.

More about Ernest Borel Holdings Ltd

YTD Price Performance: -45.00%

Average Trading Volume: 622,195

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$356.7M

Learn more about 1856 stock on TipRanks’ Stock Analysis page.

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