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Sources Say CTFE Satisfied with GIORDANO INT'L's Div. Lv. with No Intention to Change
Recommend 10 Positive 13 Negative 8 |
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GIORDANO INT'L (00709.HK) had earlier received a proposal from its substantial shareholder Chow Tai Fook Enterprises (CTFE) regarding the removal of its Chairman and Chief Executive, Peter Lau. The resolution will be voted on at an EGM on 3 April. CTFE tried to communicate with GIORDANO INT'L's management several times, but was never taken seriously, and felt pity for the management's recent statement that it had not contacted substantial shareholders, according to a source close to CTFE. The source emphasized that CTFE was satisfied with GIORDANO INT'L 's dividend level in recent years and had no intention to change it, but expected the management to strengthen operational capacity to deliver better results in the future. AAStocks Financial News |
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