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Contend for Conhong | EGM Ends Guo Xiaoqun's Equity in 20 Minutes and DQ Ma Shiheng Approves Unfair Meeting

2021-01-07T13:40:55.318Z


Convoy Global (1019) is fighting for the board of directors, and the battle is rekindled today. At 6 pm, the company held a renewed meeting of the extraordinary general meeting in Mutual Trust Building, Wanchai, to deal with the second largest shareholder, Kaisa (1638) Prince Guo Xiao


Financial News

Author: Zhan Yongyu

2021-01-07 21:27

Last update date: 2021-01-07 21:30

Convoy Global (1019) is fighting for the board of directors, and the battle is rekindled today.

At 6 pm, the company held a renewed meeting of the extraordinary general meeting in Mutual Trust Building, Wanchai, to deal with the proposal by the second largest shareholder, Kaisa (1638) prince Guo Xiaoqun, to remove multiple directors of the company and mention him and MTR (0066). Chairman Ma Shiheng as a director of the resolution.

The meeting was chaired by executive director Huang Xuehui, and it was announced at the meeting that only 2,000 votes of the more than 4.4 billion shares held by Guo Xiaoqun were valid.

The meeting was finally held for 20 minutes and ended. Except for Huang Xuehui’s ruling that Guo Xiaoqun’s shares were invalid, all the shareholders present successfully voted.

Tan Lining clarified: Only shareholders representing 51.2% of the company’s equity

One and the extraordinary general meeting held on November 26 last year, after the meeting held in Mutual Trust Building, a party from Kaisa held a shareholders meeting at the Empire Hotel in Wanchai.

At this meeting, there is a voting session, and the resolution is to remove many directors of Kang Hong's current board of directors and appoint Guo Xiaoqun and others to join the board of directors.

According to the preliminary calculation results, shareholders holding 53.53% of the shares attended the voting, and the number of shares was approximately 7.996 billion shares.

When asked about the legality of this conference, Kaisa's senior consultant Tan Lining said that he is in discussions with his lawyer.

Regarding the shareholder rights of Taiwanese DQ holding more than 51.2% of the company's total issued share capital, Tan Lining played the recording on the spot, proving that he had not mentioned the acquisition of 51.2% of the equity, and clarified that he was only saying "representing" 51.2% of the shareholders.

Both Ma Shiheng and Xie Weijun attended the general meeting held by Tan Lining.

(Photo by Yu Junliang)

Ma Shiheng: Newly appointed Dong Zhu without shareholder authorization

Ma Shiheng mentioned that the shareholders held by Kang Hong would be unfair, and revealed that some shareholders proposed that Guo Xiaoqun should not be allowed to vote, and once again the company 74 articles of association DQ Guo nearly 30% equity, but in fact, Guo Xiaoqun has issued a statement today, reiterating his own The stock is not subject to any investigation or litigation by any regulatory agency.

"From November 26 to the present, three new executive directors and two non-executive directors have been added. We asked for six additional people to join the board. They added five people. At present, a suspended company has 16 directors. The situation is ridiculous."

Ma Shiheng also mentioned that there are unfair situations in the board of directors. "Among the newly appointed directors, only two have disclosed remuneration, which are 360,000 and 4.2 million respectively, but none of the others have been disclosed." He also mentioned these newly appointed directors. None of the directors has shareholder authorization.

In the end, Ma Shiheng once again pointed out Convoy's corporate governance, "There is no worst, only worse."

The second general meeting of shareholders was held at the Empire Hotel in Wan Chai.

(Photo by Yu Junliang)

Xie Weijun: The chairman of the meeting selectively objected

As for Mr Tse Wai-chun, who represents minority shareholders, although he successfully entered the meeting today, he was unable to ask questions to the directors.

He also mentioned that the chairman was unfair. "There have been some cases in the EGM. Some shareholders also raised objections to the shares of Eagle Legacy Limited and Oceana Glory Limited for litigation reasons. However, the chairman's selective objection proved the unfairness of the 74 Articles. "

Tan Lining emphasized that the court has never challenged Guo Xiaoqun’s legal shareholder status, but only ruled on the chairman’s power. "Guo Xiaoqun’s shares are bought in the market and can be traced on CCASS. Kanghong used Mystery.com 50 to discredit Guo Xiaoqun’s shares. I have never sued anyone because of Mystery.com 50." He said again that he had never seen a director of a company that would sue his major shareholder.

Convoy's shareholders meeting voted successfully.

(Photo by Yu Junliang)

Convoy Storm Horse Heng Kaisa

Source: hk1

All news articles on 2021-01-07

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