Asian Citrus Holdings Ltd. has announced a proxy proposal for the upcoming shareholder meeting, seeking approval for the New Framework Agreement and the Proposed Annual Caps. The substantial shareholder, Mr. Kung, holding approximately 29.86% of the company's share capital, along with his associates, will abstain from voting due to familial relations. Shareholders and potential investors are advised to exercise caution as the agreement is contingent upon certain conditions and may not proceed. The meeting will provide further insights into the agreement and its implications.
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