|
|
Article: Thai Union Frozen Products Shareholders Accept Plan to Repurchase Shares.
- Article from:
- Bangkok Post (Bangkok, Thailand)
- Article date:
- September 26, 2002
CopyrightCOPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Sep. 26--Shareholders of Thai Union Frozen Products on Tuesday approved a share repurchase plan authorising the repurchase of up to 85 million shares, or 9.89 percent of total shares.
President Thiraphong Chansiri had previously said the company would set aside 1.4 billion baht to finance the share buy-back programme.
Shareholders said the company may repurchase shares only if it shows retained earnings and excess liquidity or in a situation where a shareholder dispute is involved regarding voting rights and dividend entitlements.
Shares repurchased by the firm will not be counted in the formation of a quorum for shareholders' meetings. ...