Buyer Consortium Led by Recco Control Technology and Dazheng Group Comments on Shareholder Having to File an Application in the British Virgin Islands High Court for an Order for a Timely Special Meeting of Shareholders to be Held
The action was taken by the beneficial owner of Dazheng Group.
- The action was taken by the beneficial owner of Dazheng Group.
- An injunction is being sought as a protective measure to preserve the status quo so that a timely and meaningful shareholder meeting can be held.
- Otherwise if the Board continues on its planned course of action it will directly frustrate the clear wishes of the shareholders.
- UBS AG Hong Kong Branch1 is serving as financial advisor to leaders of the consortium, Recco Control Technology and Dazheng Group.