Shareholders can vote to appoint a liquidator and voluntarily wind up a solvent company through the liquidation process.
However it would need 75% of the vote to pass, and in the case of FFX, it is unlikely that this process would realise maximum value for shareholders.
Ann: Termination agreed with Managing Director, page-63
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)