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LONDON - Vietnam Enterprise Investments Limited announced Thursday that some shareholders inadvertently voted incorrectly on a resolution to wind up the company by December 31, 2027, according to a press release statement.
The company initially reported on June 18 that 41.06% of votes were cast in favor of Resolution 10, which proposed the company’s dissolution. However, during consultations with shareholders, the board discovered that a number of votes were mistakenly cast in favor of the resolution when shareholders had intended to vote against it.
Had these votes been correctly recorded, the company stated that support for the wind-up resolution "would have been substantially lower," though still exceeding the 20% threshold that requires the board to consult with shareholders under the AIC Code on Corporate Governance.
Despite the voting error, the board confirmed it will continue its planned consultations with shareholders who supported the wind-up resolution to understand their reasoning.
The company had committed to providing an update within six months following the June 18 annual general meeting, as required by governance standards. The consultation process with relevant shareholders is ongoing, and the board indicated it will provide further updates in due course.
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