CORPORATE ACTIVITY
LSE-listed specialty alloy producer Afarak Group has resolved to not appoint a new board of directors, following a request by shareholders, who hold a collective 11.09% of shares, to dismiss the company’s board.
The shareholders’ request, submitted in August, followed after the Finnish Financial Supervisory Authority (FFSA) said Afarak main shareholder and COO Danko Koncar, and entities controlled by him, acted together with Hino Resources, Finaline Business and Koncar’s spouse to exercise control in Afarak.
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