Shareholders worried about the numbers

Central Station | 31 Mar 2020

When it comes to companies' annual general meetings - especially in these extraordinary times - numbers are uppermost in shareholders' minds.

Some minority shareholders of Century Entertainment International reported to police that the company's special general meeting in Wan Chai yesterday violated the government's ban on gatherings of more than four people in public places. Police turned up but did not take any action, saying they will not interfere in corporate meetings.

The government said annual general meetings can be exempted from the prohibition of group gatherings of more than four people, but it has not specified if extraordinary general meetings can be exempted.

The Hong Kong Exchanges and Clearing said listed companies could consider holding general meetings through webcasting and video conferences but should specify whether and how shareholders can vote.

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