Hoang Quan explains the postponement of the shareholders’ meeting

Hoang Quan Real Estate Service Trading Consulting Joint Stock Company (HQC) has just announced a written explanation regarding the postponement of the annual general meeting of shareholders and the cancellation of the list of shareholders entitled to attend the meeting. .

Apart from the fact that many board members and organizers were infected with Covid-19, the number of shareholders has now increased 4 times from the same period and far exceeded the expected number, also affecting the organization. Therefore, HQC wants to postpone this year’s general meeting of shareholders and will rearrange the hall so that it has sufficient capacity.

Previously, on the afternoon of March 21, the HQC Board of Directors announced to postpone the date of the annual general meeting of shareholders, as well as cancel the list of securities owners which closed in the middle of last month. The reason is that the complicated epidemic situation has affected the preparations for the meeting.

Hoang Quan’s Board of Directors has not set a new meeting date, it is only expected to be held before June 30, the deadline set by the Company Law.

This decision was opposed by a group of shareholders who own more than 47 million shares or the equivalent of 10% shares.

Representatives of this shareholder group (including 25 individuals and 2 businesses with addresses in Ho Chi Minh City, Hanoi, Binh Duong, Lam Dong and An Giang) said that the announcement to postpone the meeting due to the epidemic lacked evidence. the outbreak affects Directors, Directors may choose to meet online. In a document sent to Hoang Quan’s Board of Directors, this group of shareholders requested an extraordinary meeting to approve proposals at the annual meeting and elect members of the Board of Directors and Supervisory Board.

Based on the published annual meeting documents, there are no reports of additional personnel from the Board of Directors and the Board of Directors of HQC totaling 7 people. According to the charter, the maximum number of members can be up to 11 people. A shareholder or a group of shareholders holding 10% to less than 20% of the shares are entitled to nominate one person to the Board of Directors. This shareholder group worked with Hoang Quan and stated their intention to place one person on the Board of Directors, Mrs. Nguyen Giang Quyen – General Director of Louis Land Joint Stock Company (BII).

On March 22, Hoang Quan’s side sent a written response to the proposed addition of more people to the Board of Directors. Therefore, the company received the petition on March 12, but the document does not have the signature and complete stamp for the shareholders who are legal entities. A note that is “signed” without the signature of a legal representative or a legal representative and its stamp cannot identify the will of the legal entity with the contents of the application.

According to sources VnExpress, the HQC shareholder group is vying for more voting rights at the general meeting of shareholders. In order for a person to become a member of the Board of Directors will require at least 51% of approved shares. Postponing the annual meeting and canceling the list of shareholders entitled to attend the meeting in the middle of last month can be a way for old shareholders to cancel shares authorized for a new group of shareholders.

Trung Tin

at Blogtuan.info – Source: vnexpress.net – Read the original article here