Aseana Properties (GB:ASPL) has released an update.
Aseana Properties Limited has announced the posting of a circular regarding a Requisitioned General Meeting, scheduled for July 3, 2024, following a demand by shareholders holding over ten percent of voting rights. At this meeting, shareholders will vote on the appointment of two new directors, which the current Board unanimously recommends against, citing significant risks to the company’s future prospects. The Board has conveyed its stance on the matter, highlighting ongoing asset sales and their commitment to completing these transactions despite previous delays and challenges.
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