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INEO Tech Corp. ( (TSE:INEO) ) has provided an update.
INEO Tech Corp. has announced a special meeting of shareholders following a requisition by COENDA Investments Holding Corp., which holds a significant stake in the company. The meeting will address various issues, including the approval process of financial reports and the resignation of a director. COENDA seeks to replace the current board with a new slate of directors and appoint an inspector to investigate the company’s management. INEO’s management has expressed disappointment with COENDA’s actions, noting a lack of communication regarding alternative strategies for the company’s profitability.
More about INEO Tech Corp.
YTD Price Performance: -30.0%
Average Trading Volume: 43,866
Technical Sentiment Signal: Buy
Current Market Cap: C$4.81M
For a thorough assessment of INEO stock, go to TipRanks’ Stock Analysis page.