China Tontine Wines Group (HK:0389) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
China Tontine Wines Group Limited has announced the reception of a shareholder requisition for an urgent Special General Meeting (SGM) to potentially remove a significant portion of its board, including all executive and non-executive directors. The shareholder behind the requisition, Bon Voyage Development Limited, which holds a 13.26% stake in the company, has proposed resolutions for the removal of specific directors and the fixing of the maximum number of directors at seven, with the authority for the board to appoint additional directors within that limit.
For further insights into HK:0389 stock, check out TipRanks’ Stock Analysis page.
