AGM WATCH ·
Subscribers

Noble's resolution passed despite massive walkout

Singapore

A MASSIVE number of shareholders walked out of Noble Group's special general meeting (SGM) on Friday in protest against its share consolidation move, after their request to have the resolution postponed was rejected. Still, the resolution was passed, with 99.73 per cent of votes cast in favour of it.

At the SGM, held after the firm's annual general meeting (AGM) at the same place, shareholders expressed their disagreement with Noble's 10-into-one share consolidation proposal.

"It shows that...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes