Yesterday it seems took place an extraordinary shareholder meeting of the mother company of optimum nano (Shaanxi J&R). I looked for the announcements and Google translate told me that two proposals were rejected each with a 54% to 46% vote
1. Proposal for enhanced credit measures for the 16 syndicated banks
2. Proposal on the Supplementary Agreement for Signing the Capital Increase Contract
What does that mean? I have no clue. Shaanxi J&R (owner of Optimum Nano) share price is sliding slightly further.
Can anyone fill in on the implications?
Yesterday it seems took place an extraordinary shareholder...
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