The liquidation of Steinhoff International Holdings NV looks more likely than ever, although management indicated that it is still considering its options. Moneyweb companynews fraud
A shareholder group from Germany has been identified as the main opponent voting against all the resolutions at Steinhoff’s annual general meeting on Thursday last week. Schutzgemeinschaft der Kapitalanleger – meaning the protection association of capital investors – got enough proxies from unhappy Steinhoff shareholders to vote down all the resolutions that were tabled.
“Nothing has changed in the association’s original purpose of independently representing the rights of private investors at general meetings and, if necessary, in court,” according to SdK. Read: ‘The wheels of justice are eventually beginning to turn’: Christo Wiese AGM Steinhoff said in response to questions from Moneyweb that “a German shareholder protection group” received proxies from a significant number of mainly German retail investors and decided to vote against every resolution.
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