CLSA Premium to Have Another Extraordinary General Meeting for Proposed Winding Up

CLSA Premium Limited, a Hong Kong-based forex broker, has given the Shareholders notice of the EGM with information regarding resolution to be proposed at the extraordinary general meeting (EGM), inter alia, the proposed winding up of the Company raised by the Requisitionist.

The second voting has been scheduled for December 2. The previous proposal went under voting in July, and a majority of shareholders voted against the wind up of business.

On 5 October 2020, the Board received the Requisition Letter from the Requisitionist purportedly made pursuant to the article 58 of the Articles, in which the Requisitionist raised a requisition to convene an EGM for considering and, if thought fit, passing the following special resolution:

“That in view of the failure by the Company to comply with Rule 13.24 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited due to its insufficient level of operations and its poor financial situation, the Company be wound up by the Grand Court of the Cayman Islands and the available surplus assets on liquidation be distributed amongst the members of the Company in accordance with its articles of association and the Companies Law ".

The EGM will be held at Suites 7501 & 7508, 75/F., International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong on Wednesday, 2 December 2020 at 10:15 a.m. (Hong Kong time) for the Shareholders to consider and, if thought fit, to approve the special resolution in respect of the proposed winding up of the Company.

It is to be noted that to pass any such requisition proposal, 75 percent of the votes need to be in favor of it.