Chemanol shareholders approve FY19 board, audit reports

14/05/2020 Argaam

Shareholders of Methanol Chemical Co. approved on May 13 financial statements, as well as audit and board reports for the fiscal year 2019, the company said in a bourse statement on Thursday.

 

Shareholders, however, failed to approve discharging the board of directors from liabilities for FY19 due to the lack of quorum.

 

In addition, they failed to appoint an external auditor for FY2020 and Q1 2021.

 

Moreover, article No. 5, which is relevant to the headquarters relocation, was also amended in the articles of association, the statement added.

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