China Merchants (00133.HK) announced that on Monday (14th), they received letters from multiple companies and entities claiming to hold more than 5% of the total voting rights at the shareholders' meeting, requesting the convening of a special shareholders' meeting to consider and pass ordinary resolutions including proposing that the company shall not enter into any new investment management agreements with China Merchants China within a term exceeding one year, and directors are not authorized to sign any new investment management agreements exceeding one year; the resolution shall immediately relieve Lam Ka Yi of her duties as executive director and member of the investment committee upon the passage of this resolution.
The board of directors is verifying the request to convene a shareholders' meeting under the letters and considering the request and the appropriate actions to take.