9th Sep 2021 18:13
Symphony International Holdings Ltd - Asia Pacific-focused investor - Notes Asset Value Investors's response to letter to shareholders of Symphony International. AVI is concerned by "disastrous"
returns experienced by shareholders and "chronic conflicts" of interest at board level. AVI says Symphony has failed to address allegations made by AVI in its most recent update to shareholders, saying it was inaccurate and inconsistent. AVI argues Symphony's independent director Rajiv Luthra is not independent and will be writing to the UK Financial Conduct Authority to update its complaint. AVI adds that it has material support for campaign to replace Symphony International directors and is reviewing next steps with legal counsel.
Current stock price: USD0.41
Year-to-date change: up 11%
By Arvind Bhunjun; [email protected]
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