HomeNewsMacauSouth Shore board says efforts to wind up company negative for investors

South Shore board says efforts to wind up company negative for investors

November 4, 2020

The board of directors of South Shore Holdings says it rejects a petition to wind up the company, saying that such a move would destroy value of the firm with no recovery for shareholders.

A special shareholder meeting has been convened for Dec. 4 to discuss the petition to wind up the company, which was put forward on Oct. 9th. (Company filing)

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