12th Oct 2021 20:33
Star Phoenix Group Ltd - oilfield services in Trinidad and oil and gas interest in Indonesia - Receives notice under section 249D of the Australian Corporations Act 2001 from shareholder Beijing Sibo Investment Management LP requesting the directors to convene a meeting. Beijing Sibo calls for three new directors to be elected. Company will provide a further update and timing of the general meeting in due course.
"The company will consider the validity of the Section 249D notice and if valid undertake the necessary steps to convene a general meeting in compliance with these requirements," it says.
Current stock price: 1.210 pence
Year-to-date change: down 10%
By Arvind Bhunjun; [email protected]
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