26th Jun 2025 11:10
(Alliance News) - Vietnam Enterprise Investments Ltd on Thursday says some shareholders voted in favour of winding the company up by mistake at its recent annual general meeting.
The investor in listed equities in Vietnam said that in its AGM earlier this month, 41% of the total votes cast were in favour of the resolution to wind up the company by the end of 2027.
Following the vote, the board committed to consult with shareholders to understand the reasons behind their decision.
As part of this consultation, the company said it has become clear that "a number of the shares" inadvertently voted for the resolution, when the intention was to vote against.
Had the votes been cast correctly, Vietnam Enterprise Investments said the number of votes in favour of discontinuation would have been "substantially lower".
However, the company said the votes still would have been ahead of the 20% threshold which obliges the board to consult with shareholders.
It said it remains committed to consulting with shareholders to understand the reason behind their decision, and will provide a further update in due course.
Shares in Vietnam Enterprise Investments were untraded at USD7.70 in London on Thursday morning.
By Michael Hennessey, Alliance News reporter
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