If anyone has been following the Northern Minerals (NTU) extra ordinary general meeting called by a member(shareholder with 5% plus shares on issue), the resolution was voted against and at the seperate AGM held on the same day by court order other shareholder nominated for the board were also voted against. The chinese shareholders were ordered by federal minister to divest shares with FIRB determination otherwise one of the director appointment resolutions would have got up. In my opinion.
See Corporations Act 249D shareholder(s) with 5% can call a general meeting.
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