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Positive Sentiment Still Eludes Yincheng Life Service CO., Ltd. (HKG:1922) Following 30% Share Price Slump
Yincheng Life Service (01922.HK) has appointed PwC Management Consulting as an independent forensic accountant.
On July 5th, Gelunhui announced that Yincheng Life Services (01922.HK) has appointed PwC Management Consulting (Shanghai) Co., Ltd. as an independent forensic accountant to assist the investigation committee in conducting investigations and independent forensic reviews of the allegations.
Yincheng LS (01922): Huang Xuemei resigns as executive director.
Yincheng LS (01922) announced that Ms. Huang Xuemei resigned as an executive director at the end of the annual general meeting of shareholders. Mr. Li Yougen, an independent non-executive director, was appointed as a member of the company's audit committee to replace Mr. Xie Chenguang, effective from June 29, 2024.
Yincheng Life Service (01922.HK) resumed trading this morning.
On June 12th, Guolonghui announced that trading of shares for yincheng ls (01922.HK) will resume at 9:00 am today (6/12/2024).
Yincheng Life Service CO., Ltd.'s (HKG:1922) CEO Will Probably Find It Hard To See A Huge Raise This Year
Yincheng ls (01922.HK) appointed Xie Chenguang as acting CEO, with trading resuming on June 12th.
On June 11th, Gelunhui announced that yincheng ls (01922.HK) had recently received a report against Li Chunling (the executive director of the company at the time) concerning accusation A. The main accusations under accusation A are as follows: (i) Li Chunling urged the company to issue off-book bonuses to herself during the period from 2019 to 2023 without the approval of the board of directors. The approximate amount of unauthorized payment each year does not exceed about 2 million RMB; (ii) Li Chunling has equity in a physical entity and has a nominee to hold the equity of the entity on her behalf, but Li Chunling did not disclose her relationship with the entity.
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