Pteris owners urged not to jeopardise RTO deal
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THE contentious proposed reverse takeover (RTO) offers Pteris Global synergy with - and the size of - its target's parent company, so shareholders should not jeopardise the deal with their votes before all the details are available, said Pteris's board of directors.
They were speaking at a shareholders' dialogue yesterday to address dissenting Pteris director Winston Tan's requisition to remove five directors from the board over Pteris's poor performance since 2007 and RTO terms that he feels do not favour shareholders.
At Pteris's extraordinary general meeting this Friday, votes from shareholders of the airport logistics systems provider will decide the fate of not only the five directors but also possibly the RTO.
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