No surprise that the Chinese shareholders voted for the FatTail coup. Yibin Tianyi Lithium Industry Co., a Chinese producer of chemicals used in EV batteries, said it would vote for the removal of the directors. “We are very disappointed with the work of the existing board,” a company representative said in a written response to questions. “The Manono project has missed the best development time already.”
Zhejiang Huayou Cobalt Co. – the second-biggest shareholder — will also back the attempt to unseat the directors at a meeting in Perth on Thursday, according to a group called Make Manono Great Again, or MMGA, that’s spearheading the campaign.
Huayou Cobalt didn’t respond to a request for comment, while AVZ declined to comment. Yibin Tianyi and its affiliates control around 7% of the shares of the Australia-listed miner and Huayou Cobalt owns about 6%. The MMGA group has just 0.14 https://www.mining.com/web/giant-lithium-deposit-in-drc-sparks-boardroom-battle/
