KWG Living Group Addresses Regulatory Breach and Director Suitability
KWG Living Group Holdings Limited (HK:3913) reported a regulatory breach involving directors Mr. Kong Jianmin and Mr. Kong Jiannan due to ineffective internal controls and communication failures with the Hong Kong Stock Exchange. The company asserts there is no evidence of dishonesty or fraud, and both directors will continue in their roles after completing compliance training. The latest analyst rating for HK:3913 is a Hold with a price target of HK$0.50. KWG Living operates in the real estate sector, focusing on property management services, with a market cap of HK$500.4M.
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KWG Living Group Holdings Limited ( (HK:3913) ) just unveiled an update.
KWG Living Group Holdings Limited announced that its directors, Mr. Kong Jianmin and Mr. Kong Jiannan, were involved in a regulatory breach related to ineffective internal controls and communication failures with the Hong Kong Stock Exchange. Despite these issues, the company maintains that there is no evidence of dishonesty or fraud, and both directors are deemed suitable to continue in their roles after completing mandatory training on compliance and governance.
The most recent analyst rating on (HK:3913) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on KWG Living Group Holdings Limited stock, see the HK:3913 Stock Forecast page.
More about KWG Living Group Holdings Limited
KWG Living Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate sector. It focuses on property management and related services, serving various stakeholders in the real estate market.
Average Trading Volume: 3,487,359
Technical Sentiment Signal: Sell
Current Market Cap: HK$500.4M
