Modernland Realty EGM lacked quorum for asset-transfer plan vote
Reuters2026/09/08 04:58- PT Modernland Realty held an extraordinary shareholders’ meeting on Sept. 4, 2026.
- Shareholders did not adopt a plan to transfer or pledge assets exceeding 50% of the company’s net assets.
- The meeting backed an amendment to Article 3 of the articles of association to update the company’s purposes and business activities.
- Directors were authorized to restate the resolution in a notarial deed, including any required amendments for acceptance by authorities.
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