HKG:2205 News | FINWIRES

Kangqiao Service Chairman, CFO Resign; Successors Named

Kangqiao Service (HKG:2205) Chairman Song Gewei resigned on Tuesday to devote more time to other business ventures, according to a same-day Hong Kong bourse filing.The property management company named Dai Wei, an executive director, as the new chairman, effective the same day.Separately, Wang Na resigned as chief financial officer due to personal arrangements, the filing said.Yang Chunlei, who has been with the group since 2017 and has held various leadership roles within the finance department, succeeded Wang as CFO.

HKG:2205

Asia59d ago

Kangqiao Service Unit Faces Asset Enforcement in RMB474 Million Dispute

Kangqiao Service Group (HKG:2205) said a mainland court has taken enforcement measures against assets of its wholly owned subsidiary, Kangqiao Yueshenghuo Service, according to a Monday Hong Kong bourse filing.Shares of the property manager were down nearly 1% in Tuesday morning trade.The Intermediate People's Court of Zhengzhou City deducted bank balances and related interest of about 214.5 million yuan from the subsidiary and obtained enforcement proceeds of about 17,600 yuan.The court also seized four vehicles registered under the subsidiary, though the company said it does not have actual control over them.The enforcement follows a prior judgment holding the subsidiary liable for 473.7 million yuan under certain loan agreements, together with accrued interest.After completing enforcement actions and investigations, the court ruled to terminate the current enforcement procedure, while the creditor retains the right to pursue further repayment.The company said the measures are not expected to have a material adverse impact on its business operations, and it is seeking legal advice on the ruling.

HKG:2205

HKG:2205

Kangqiao Service Chairman, CFO Resign; Successors Named

Kangqiao Service Unit Faces Asset Enforcement in RMB474 Million Dispute

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