Asian Citrus Holdings Ltd. has announced a proxy proposal for the upcoming shareholder meeting, seeking approval for the New Framework Agreement and the Proposed Annual Caps. The substantial shareholder, Mr. Kung, holding approximately 29.86% of the company's share capital, along with his associates, will abstain from voting due to familial relations. Shareholders and potential investors are advised to exercise caution as the agreement is contingent upon certain conditions and may not proceed. The meeting will provide further insights into the agreement and its implications.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.