Asia Pacific Wire & Cable Announces the Postponement of Its Annual General Meeting of Shareholders.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Asia Pacific Wire & Cable Corporation Limited (Pink Sheets:AWRCF) (the "Company") announced today that its 2005 annual general meeting (the "Meeting") of the Company, which was scheduled to occur on October 18, 2006 at the offices of the Company located at No. 132 Min-Sheng East Road, Section 3, 7th Floor, Taipei, 105 Taiwan, ROC at 9:00 p.m. (Taipei time), which is 9:00 a.m. (New York time), has been postponed. On Wednesday, October 11, 2006, the Supreme Court of Bermuda (the "Court"), in response to a petition filed by Sino-JP Fund to enjoin To direct, require, command, or admonish. Enjoin connotes a degree of urgency, as when a court enjoins one party in a lawsuit by ordering the person to do, or refrain from doing, something to prevent permanent loss to the other party or parties. the Meeting, granted the relief requested by Sino-JP Fund and enjoined the holding of the meeting on Wednesday, October 18, 2006. The Company and the Board of Directors recognize the importance to the shareholders of convening con·vene v. con·vened, con·ven·ing, con·venes v.intr. To come together usually for an official or public purpose; assemble formally. v.tr. 1. a shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. , and therefore, on Friday, October 13, 2006, the Company appealed the order enjoining en·join tr.v. en·joined, en·join·ing, en·joins 1. To direct or impose with authority and emphasis. 2. To prohibit or forbid. See Synonyms at forbid. the Meeting. At the same time, Mr. Gai Poo poo Slang intr.v. pooed, poo·ing, poos To defecate. n. 1. Excrement. 2. An act of defecating. [Probably from pooh.] Lee, in his capacity as a director, filed a Section 76 Application under the Bermuda Companies Act requesting a determination by the Court that the Meeting may proceed as scheduled. The Court denied the request to overturn the injunction. With respect to the Section 76 Application requesting the Court to order a Meeting, the Court adjourned its ruling, but noted that the application could be restored if the Board of Directors is unable to agree on the scheduling of a Meeting in the near future. About Asia Pacific Wire & Cable Asia Pacific Wire & Cable Corporation is a leading manufacturer of wire and cable products for the telecommunications and power industries in selected markets in the Asia Pacific Region. Except for statements of historical facts, this news release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. about the Company. Such statements are subject to significant risks and uncertainties including changes in economic and market conditions, successful implementation of growth plans, and other risks noted in the Company's SEC filings, which may cause actual results to differ materially. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion