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Soochow Securities: The food and beverage sector is in a stage of low-to-medium-speed transformation, and the rebound of the sector is waiting for the clearance of the business performance risk of listed companies or the reversal of demand expectations.
The current valuation of the food and beverage sector is relatively low, primarily due to concerns about future cash flow and profit downgrades. Short-term market pessimism has had an impact on the sector, and the sector's rebound is awaiting clarification of listed company performance risks, or a reversal of demand expectations, the latter depending on proactive fiscal and monetary policies at the macro level or verification of seasonal sales at the middle level.
Momentum fin will resume trading in the morning of June 28th.
Momentum Fin (01152) announced that the company has applied to the Stock Exchange for the resumption of the trading of company shares on the morning of June 28, 2024.
Momentum fin (01152.HK) resumed trading this morning.
On June 28th, Geelonghui reported that the shares of Momentum Fin (01152.HK) will resume trading at 9:00 am today (28/6/2024).
Momentum fin (01152.HK) will resume trading tomorrow.
On June 27, Gelunhui announced that after resignation, there was only one director left, which is less than the minimum number required by Article 83(1) of the company's regulations. In addition, according to Article 113(1) of the regulations, the legal number of directors' meetings is not enough to carry out the affairs of the board of directors. According to Article 114 of the regulations, the only remaining director is actively seeking suitable candidates to fill the vacancy caused by resignation in order to restore the function of the board of directors as soon as possible. However, the process of appointing new directors may take some time. Therefore, the actual timetable for the board of directors to resume normal composition is still uncertain. Nevertheless, the company expects
Express News | Momentum Financial - Application Made for Resumption of Trading in Shares From 28 June
Express News | Momentum Financial - Shares Halted With Effect From 27 June
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