Neo Performance Materials Inc (TSE:NEO) has released an update.
Neo Performance Materials Inc. has initiated a strategic review, led by a Special Committee of independent directors, to explore options that could enhance shareholder value, including potential sales, mergers, or other significant transactions. Amidst this process, Neo remains confident in its robust financial health and the eventual recognition of its business value. Additionally, the company is set to welcome Dr. John McGarva, nominated by a major shareholder, Hastings Technology Metals Ltd, to its Board ahead of its Q2 2024 results.
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