Yincheng Life Service Co., Ltd. (HK:1922) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Yincheng Life Service Co., Ltd. has announced the immediate removal of Mr. Li Chunling as an executive director following whistleblower allegations of unauthorized off-the-books payments and undeclared conflicts of interest. Subsequent allegations were made against Mr. Huang Qingping, a non-executive director and controlling shareholder, accusing him of misappropriation of funds and undisclosed related-party transactions. The company’s board is conducting preliminary inquiries, stating that these allegations currently do not impact the company’s operation and financial performance.
For further insights into HK:1922 stock, check out TipRanks’ Stock Analysis page.