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Matrix Holdings Announces Board Changes Amid Legal Proceedings

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Matrix Holdings Announces Board Changes Amid Legal Proceedings

Matrix Holdings Limited ( (HK:1005) ) has provided an update.

Matrix Holdings Limited announced the resignation of Dr. Loke Yu as an independent non-executive director and chairman of the Audit and Remuneration Committees, effective March 17, 2025, due to his other business commitments. This change comes amid legal proceedings initiated by the Securities and Futures Commission against Dr. Loke and others. The company has appointed Mr. Heng Victor Ja Wei as the new chairman of the Audit and Remuneration Committees, signaling a shift in leadership and potentially impacting the company’s governance and strategic direction.

More about Matrix Holdings Limited

YTD Price Performance: -8.22%

Average Trading Volume: 34,188

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$506.7M

See more data about 1005 stock on TipRanks’ Stock Analysis page.

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