Vala Inc. Announces Retirement of Non-Executive Directors Amid Strategic Disagreements
Vala Inc. announced the retirement of non-executive directors Ms. Jiang and Ms. Gao due to strategic disagreements over share placing and sale of shares in China Netcom Technology Holdings Limited. Concerns were raised about shareholder interests and strategic direction. Vala Inc., formerly 51 Credit Card Inc., focuses on credit card management and is listed on the Hong Kong Stock Exchange.
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The latest announcement is out from 51 Credit Card Inc. ( (HK:2051) ).
Vala Inc. announced the retirement of two non-executive directors, Ms. Jiang and Ms. Gao, following disagreements with the board over strategic decisions. The disagreements centered around a proposed share placing and the sale of shares in China Netcom Technology Holdings Limited, with both directors expressing concerns about the potential impact on shareholder interests and the company’s strategic direction.
The most recent analyst rating on (HK:2051) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on 51 Credit Card Inc. stock, see the HK:2051 Stock Forecast page.
More about 51 Credit Card Inc.
Vala Inc., formerly known as 51 Credit Card Inc., operates in the financial services industry, focusing on credit card management and related financial solutions. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 5,327,948
Technical Sentiment Signal: Buy
Current Market Cap: HK$880.2M
