tiprankstipranks
Company Announcements

Momentum Financial Holdings Clarifies Director Resignation Amid Compliance Oversight

Story Highlights
  • Momentum Financial Holdings announced Mr. Zhang Ruije’s resignation due to health reasons.
  • The company failed to comply with the Takeovers Code but pledged future adherence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Momentum Financial Holdings Clarifies Director Resignation Amid Compliance Oversight

Momentum Financial Holdings Limited ( (HK:1152) ) has issued an announcement.

Momentum Financial Holdings Limited announced the resignation of executive director Mr. Zhang Ruije, citing personal health reasons and the desire to pursue less stressful commitments. The resignation took effect on February 7, 2025, despite a failure to comply with the Takeovers Code, which mandates procedural requirements for such announcements. The company acknowledged this oversight and committed to adhering to compliance in future dealings.

More about Momentum Financial Holdings Limited

YTD Price Performance: 66.67%

Average Trading Volume: 1,815,538

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$122.8M

Learn more about 1152 stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App