Guangdong Investment Ltd (00270.HK) saw its stock price plummet by 9.38% in the pre-market trading session on Tuesday, following a series of significant leadership changes announced late Monday. The sharp decline comes despite the company's declaration of a final dividend, highlighting investors' concerns over the management reshuffle.

According to a company statement, Lin Tiejun has resigned from his positions as executive director and vice chairman, while Wen Yinheng has stepped down as executive director and managing director. In a move that appears to be part of a broader reorganization, Kuang Hu has been appointed as a new executive director. These abrupt changes in top management have evidently unsettled investors, leading to a sell-off in the stock.

The negative market reaction overshadowed the company's announcement of a final dividend of HK 7.27 cents per share. Typically, dividend declarations are viewed positively by investors, but in this case, the leadership upheaval seems to have taken precedence in shaping market sentiment. Analysts suggest that the sudden departure of key executives may raise questions about the company's future direction and stability, prompting shareholders to reassess their positions despite the dividend payout.