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New Magnus major shareholder supports current board: CEO

Minority shareholders unhappy with "relentless issuance of convertible notes" seek to oust board at Friday EGM

Published Tue, Apr 26, 2016 · 09:50 PM
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Singapore

MINORITY shareholders of Magnus Energy who are trying to oust the company's current directors expect to lose the fight after the surprising emergence of a new substantial shareholder that the company says supports the existing board.

Magnus, an energy equipment and production company…

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