First firm launches online shareholders’ meeting

Listed firm Refrigeration Electrical Engineering Corp (HOSE-coded REE) said it would organise the online shareholders’ meeting in HCM City and Hanoi as a measure for a fear that it cannot reach a 65 percent rate of voting stocks in the meeting happening last year.

REE investment director Nguyen Quang Quyen was quoted as saying that about a half of its corporate shareholders are located in Hanoi. For those who keep a small ratio of REE stocks, they may not travel to HCM City to join the meeting. Last year because of not reaching enough representative shareholders for 65 percent of voting stocks, REE had to change shareholders’ meeting to investors’ conference that’s why this year the firm decided to hold online meeting in two big cities.

This online meeting, according to Quyen, enables northern investors to make an inquiry to REE leaders. REE previously tested the programme for trial several weeks ago to ensure a smooth meeting on March 31.

Tags: Vietnam business news, Vietnam companies

Posted by VBN on Mar 28 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry