Zintel shareholders vote in favour of delisting, liquidation; shares jump

Fri, 28 Sep 2012

Sept. 28 (BusinessDesk) – Shareholders of Zintel voted in favour of delisting and giving the board the power to call in liquidators after the company sold all of its operating units and resolved a legal dispute. The shares jumped about 7 percent. The vote was won on a show of hands at the annual meeting in Auckland. Liquidation required a change to the company’s constitution. The company resolved its last outstanding issue with the announcement earlier today that it had reached an amicable settlement with VeriFone that was sparked by the los...

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