Zeus Resources Ltd. (AU:ZEU) has released an update.
Zeus Resources Ltd. directors Ding Xu and Sitong Wu have urged shareholders to vote against a move by a group of minor shareholders to gain control of the board, which they argue could undermine the interests of the majority. The directors express concerns over the proposed new directors’ affiliations and the past conduct of Colin McKay, a key figure in the group, who previously resigned for breaching the company’s Securities Trading Policy. The directors highlight their efforts in reviving the company from suspension to operational status and emphasize their commitment to maintaining fair and transparent governance.
For further insights into AU:ZEU stock, check out TipRanks’ Stock Analysis page.
