An update from Ruicheng (China) Media Group Limited ( (HK:1640) ) is now available.
Qian Xun Technology Limited has announced the removal of Ms. Wang Xin from her position as an executive director and Chairlady of the Board. This decision was based on her failure to provide necessary financial documents, non-cooperation with the Board, and unauthorized changes to legal representatives of subsidiaries, which may have involved forged documents. The company has reported the situation to the police in the PRC and Hong Kong. The Board believes this removal will not significantly impact the group’s operations and is taking further legal steps to protect its interests.
More about Ruicheng (China) Media Group Limited
Qian Xun Technology Limited, formerly known as Ruicheng (China) Media Group Limited, is incorporated in the Cayman Islands. The company operates in the media and technology industry, focusing on providing media-related services and technology solutions. Its market focus includes subsidiaries in the People’s Republic of China (PRC).
YTD Price Performance: 41.72%
Average Trading Volume: 711,804
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$2.4B
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