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Emu NL ( (AU:EMU) ) just unveiled an announcement.
Emu NL is facing a shareholder dispute as Wayburn Holdings Pty Ltd has submitted an application to the Panel concerning the company’s recent extraordinary general meeting (EGM). The application highlights concerns over the voting process and the issuance of new shares, which may have influenced the outcome of resolutions to remove and replace two directors. The applicant claims that the lack of transparency regarding the identity of new shareholders and their voting rights could indicate an improper attempt by the current directors to retain control, potentially against the majority shareholders’ wishes.
More about Emu NL
Emu NL is a company engaged in the exploration of precious and base metals, and it is listed on the Australian Securities Exchange (ASX).
Average Trading Volume: 259,554
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.07M
Learn more about EMU stock on TipRanks’ Stock Analysis page.