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Infinity Development Holdings Announces Board Changes Amid Litigation Concerns

Story Highlights
  • Infinity Development Holdings announces changes to its board composition.
  • Mr. Tong Hing Wah resigns due to ongoing litigation, and Ms. Li Sin Man steps in as audit committee chair.
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Infinity Development Holdings Announces Board Changes Amid Litigation Concerns

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Infinity Development Holdings Co. Ltd. ( (HK:0640) ) has shared an update.

Infinity Development Holdings Company Limited, a company incorporated in the Cayman Islands, has announced changes to its board composition. Mr. Tong Hing Wah has stepped down as an independent non-executive director and several committee roles due to ongoing civil litigation concerns that may affect his availability for company duties. Ms. Li Sin Man has been appointed as the new chair of the audit committee. This change reflects the company’s proactive approach to ensuring effective governance and oversight while acknowledging Mr. Tong’s contributions during his service.

More about Infinity Development Holdings Co. Ltd.

YTD Price Performance: -1.01%

Average Trading Volume: 159,333

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$552.1M

See more data about 0640 stock on TipRanks’ Stock Analysis page.

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