Coro Energy Plc (GB:CORO) has released an update.
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Coro Energy Plc, a South East Asian energy company, has announced the suspension of trading of its shares on AIM following an AGM where key resolutions were passed but one concerning the re-election of a director failed. This has resulted in the company currently having a single director, rendering the board inquorate, and unable to operate effectively under its Articles of Association or the Companies Act 2006. Despite the suspension, the company retains support from its key Noteholders for near-term funding and will continue its search for additional directors.
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