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China Kingstone Mining Holdings Ltd ( (HK:1380) ) just unveiled an update.
China Kingstone Mining Holdings Limited has received a requisition notice from Advance Opportunities Fund I, which claims ownership of at least one-tenth of the company’s share capital, to convene a special general meeting for the purpose of restructuring its board of directors. The notice suggests the removal of all current directors except one, and the appointment of new directors, although no reasons were provided for this move. The board is currently seeking professional advice on how to proceed, and shareholders are advised to exercise caution in dealing with the company’s securities during this period.
More about China Kingstone Mining Holdings Ltd
China Kingstone Mining Holdings Limited is a company incorporated in the Cayman Islands and operating under limited liability in Bermuda. The company is involved in the mining industry, with a focus on the extraction and production of various mineral resources.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €5.1M
For a thorough assessment of 1380 stock, go to TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
