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ASMC (3355): shareholders veto general issue mandate
Company announcement, 16-May-2012
This is a Chinese company, so the mandate to dilute shareholders requires a special resolution (2/3 majority) unlike the laxer HK requirement (ordinary resolution, 50%). They only got 59.9%, so the proposal was vetoed. It looks like NXP B.V. (the private equity consortium) was the main vote against. They have 408,806,888 shares at the last disclosure.
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