Mr. Yu pushes back! Hanfeng dissident Yu wants AGM now, not June
Ticker Symbol: C:HF
Hanfeng dissident Yu wants AGM now, not June
Hanfeng Evergreen Inc (C:HF)
Shares Issued 60,193,716
Last Close 1/14/2014 $0.71
Thursday February 13 2014 - News Release
Mr. Xinduo Yu, a concerned shareholder, reports
CONCERNED SHAREHOLDER XINDUO YU FILES APPLICATION TO HOLD HANFENG EVERGREEN ANNUAL AND SPECIAL MEETING WITHOUT DELAY
Xinduo Yu, the founder, largest shareholder, a director, and former president and chief executive officer of Hanfeng Evergreen Inc., has filed an application with the Ontario Superior Court of Justice (commercial list) seeking directions with respect to the holding and conduct of the upcoming annual and special meeting called for Feb. 28, 2014.
"Shareholders are disappointed by the delays sought by the current board during this critical period in Hanfeng's history," said Mr. Yu. "Regardless of who is elected at the next shareholders meeting, shareholders should have the right to elect the directors of their choosing."
The timeline for the hearing of the application is expected to be established at a preliminary court appearance scheduled for Feb. 14, 2014.