Core Viewpoint - The resignation of Wang Boming from the board of directors of Financial News Media Group marks a significant shift in the company's leadership and potential changes in its ownership structure, with speculation about a possible shell sale to a small Hong Kong securities investment company [1][2]. Group 1: Leadership Changes - Wang Boming announced his resignation as chairman and executive director of Financial News Media Group on November 15, 2016, after having been in the role for several years [1]. - Following Wang's resignation, the company has not yet appointed a successor for the chairman position, but he will continue to hold other significant roles within the organization [1]. - The board of directors has seen a substantial change, with three out of four executive directors being "outsiders" with no prior connection to the company [1][9]. Group 2: Company History and Financial Performance - Financial News Media Group was listed in Hong Kong in 2002, but its stock price has remained low, often trading below HKD 1 billion in market capitalization [5]. - The company attempted to privatize through a debt financing offer in 2010, but the effort failed as it did not meet the required threshold for delisting [5]. - In 2014, the company's stock price experienced a significant surge, rising from around HKD 0.2 to a peak of HKD 1.31, during which some insiders sold off substantial amounts of stock [7][8]. Group 3: Board Composition and Changes - The board composition has shifted dramatically since 2014, with the majority of executive directors now being outsiders, indicating a potential strategic pivot for the company [9][14]. - Key resignations from the board include Li Shijie in May 2014 and Dai Xiaojing in April 2016, both of whom were considered founding members of the company [10][15]. - As of late 2016, only one founding member, Zhang Zhifang, remained on the board, highlighting a significant transition in leadership and governance [15].
王波明辞任董事长 财讯传媒或“卖壳”给香港某投资公司