Company Briefs

Pteris shareholders approve RTO

PTERIS Global Limited shareholders yesterday approved the reverse takeover (RTO) deal involving Tianda Group and China International Marine Containers (CIMC). CIMC, which currently controls 15 per cent of Pteris and which will gain majority interest after the deal, abstained from voting. Shareholders representing 55 per cent of the company voted, of which approximately 78 per cent supported the RTO. The company expects that the RTO will be completed by end August.

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