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Extraordinary General Meeting in PA Resources rejects proposal to put company in to liquidation

2015-02-27 14:10:07| Appliances - Topix.net

After the PA Resources' board of directors had prepared a balance sheet for liquidation purposes which showed that the company's shareholder's equity is less than one-half of the registered share capital the board of directors convened, pursuant to the Companies Act, an extraordinary general meeting of shareholders to decide whether or not the company shall go into liquidation. At such extraordinary general meeting previously today the shareholders resolved, as recommended by the board of directors, that the company shall not be liquidated, but carry on its business.

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Category:Consumer Goods and Services

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