Financial News
Author: Zhan Yongyu
2020-11-17 10:36
Last update date: 2020-11-17 10:36
Convoy Global (1019) has been fighting for the board of directors for quite some time.
The second largest shareholder, the prince of Kaisa (1638) Guo Xiaoqun, at the special general meeting held at the end of 2017, when the chairman of the company Chen Zhihong presided over the meeting, his voting rights were cancelled and he could not vote on the proposal to remove directors.
Guo Xiaoqun later filed a petition in the court, and was first sentenced by High Court Judge Harris to lose the case and then appealed. The case started today.
Ma Shiheng, the former chairman of MTR (0066), who was nominated by Guo Xiaoqun to join the board of directors of Convoy in September, appeared in court this morning.
He pointed out that the case has entered judicial proceedings and it is not convenient to comment at this time.
However, it is hoped that at the extraordinary general meeting to be held on the 26th of this month, the chairman will treat the extraordinary general meeting in a fair, just and open manner.
Guo Xiaoqun’s party and Taiwan's Fubon, who currently controls the company, have fought away from time to time.
In order to avoid being unable to exercise voting rights again at the extraordinary general meeting held on the 26th of this month, Guo Xiaoqun filed a petition in the High Court at the end of September, seeking an injunction from the court to restrict Kanghong, the chairman of the group and related parties, in anticipation of exercising shareholder rights The case opened in the High Court last Thursday (12th). The judge issued a verdict on the following day (13th), refusing to issue an injunction on Guo Xiaoqun’s application.
Kang Hong: Received a subpoena from minority shareholders and is seeking legal advice
Conhong's board of directors competes for the high court's refusal to issue an injunction so that Guo Xiaoqun cannot exercise voting rights
Convoy's board of directors competes for the outpost today. Guo Xiaoqun High Court seeks to exercise shareholder power
Convoy Board of Directors Fighting | Ma Shiheng Appears in the High Court, Says The Victory Is Waiting For The Judgment
Convoy Ma Shiheng