News

Decision day approaches at Richina Pacific

22/03/2003

The holding group for Shanghai Richina Leather, Richina Pacific, has said it is to call a special meeting of shareholders in Auckland, New Zealand on April 2, 2003. The company, which also owns Mainzeal Construction and the Blue Zoo aquarium, Beijing, wants to remove director, Ming Lu, for allegedly obstructing a planned NZ$18.6 million ($10.4 million) one-for-one rights issue. (See leatherbiz.com. ‘Richina Pacific postpones rights issue’ - 14.02.03 and ‘Richina names the day for share issue’ - 29.01.03.)

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