Xinhua News Media Faces Shareholder Activism Amid Court Dispute Over Extraordinary General Meeting

Reuters
2025/10/30
Xinhua News Media Faces Shareholder Activism Amid Court Dispute Over Extraordinary General Meeting

Xinhua News Media Holdings Ltd. has received court applications in connection with shareholder activism related to a requisition for an Extraordinary General Meeting (EGM). The applications seek, among other things, the issuance of announcements regarding the validity of decisions made at the EGM and subsequent board meetings, and orders to set aside certain board resolutions. The applications also request injunctions to restrain specific individuals from acting as directors and to mandate compliance with the resolutions passed at the EGM, including the appointment of proposed directors. The company, chaired by Lo Kou Hong, has indicated its intention to contest the proceedings and has instructed its legal representative to file an acknowledgement of service. Xinhua News Media Holdings Ltd. has stated it will keep shareholders and investors informed of significant developments and will make further announcements in accordance with the Listing Rules. Shareholders and potential investors are advised to exercise caution when dealing in the company's securities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xinhua News Media Holdings Ltd. published the original content used to generate this news brief on October 30, 2025, and is solely responsible for the information contained therein.

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