An announcement from Fullshare Holdings ( (HK:0607) ) is now available.
Fullshare Holdings Limited has announced that legal proceedings have been initiated against the company, its subsidiary, and key executives, including the Chairman and CEO, Mr. Ji Changqun. The case involves allegations of a fraudulent scheme to misappropriate approximately RMB6.64 billion from subsidiaries of China High Speed Transmission Equipment Group Co., Ltd., a subsidiary of Fullshare. The company considers these claims to be baseless and malicious, questioning the inclusion of its investment holding subsidiary, Five Seasons, in the lawsuit. The announcement has implications for the company’s governance and stakeholder confidence, as it navigates these legal challenges.
More about Fullshare Holdings
Fullshare Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in investment holdings. It holds a significant stake in China High Speed Transmission Equipment Group Co., Ltd., which is involved in the manufacturing and distribution of high-speed transmission equipment.
Average Trading Volume: 0
Learn more about 0607 stock on TipRanks’ Stock Analysis page.