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Noble's resolution passed despite massive walkout

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Published Fri, Apr 28, 2017 · 09:50 PM

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    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.

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