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    Mayur Resources (ASX:MRL) announces a board change

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    Mayur Resources (ASX:MRL) has just announced a change to its board.

    Mayur Resources announces the appointment of a new Singapore resident Director, Mr Benjamin Szeto Yu Hwei, to the Mayur Board, with effect from today.

    Mayur is a Singapore registered company and is required to have at least one local resident in Singapore as a Director of the Company.

    Shares of Mayur Resources have risen 7.692% following the announcement.

    Any change in the make-up of a company?s board can have an impact on a company?s stock price.

    Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.

    However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.

    As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.

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