Brief: China Huajun Group Resolves To Suspend All Administrative, Executive Duties And Powers Of Chairman

China Huajun

30/12/2022 12:20

Dec 30 (Reuters) - China Huajun Group Ltd  0377.HK :
    * RECENTLY COME TO ATTENTION THAT CHAIRMAN WAS DETAINED BY
YINGKOU
CITY PUBLIC SECURITY BUREAU
    * RESOLVED TO SUSPEND ALL ADMINISTRATIVE AND EXECUTIVE
DUTIES AND
POWERS OF CHAIRMAN
    * CERTAIN ASSETS OF GROUP IN CHINA INCLUDING PROPERTIES AND
BANK
DEPOSITS, ETC HAVE BEEN FROZEN BY YINGKOU PUBLIC SECURITY BUREAU
    * YAN RUIJIE HAS BEEN REDESIGNATED AS ACTING CHAIRMAN
    * APPLICATION HAS BEEN MADE TO STOCK EXCHANGE FOR RESUMPTION
OF
TRADING IN SHARES WEF 9 A.M. ON 3 JAN
    * INCIDENT DOES NOT HAVE DIRECT MATERIAL ADVERSE IMPACT ON
FINANCIAL POSITION, BUSINESS OR OPERATION OF GROUP

Source text for Eikon:  ID:nHKS6TN576 
Further company coverage:  0377.HK 
 ((Reuters.Briefs@thomsonreuters.com;))