Cairo - Mubasher: The shareholders of Medical Packaging Company have requested adding an item to the schedule of the company’s upcoming general assembly meeting, which is set to be held on 19 April, in order to allow a vote of no confidence in the board.
The request includes restructuring the board of directors (BOD) to reflect changes in ownership after the recent extensive activity on the company’s stock.
Shareholders with governing stakes also said that they have requested, in coordination with the Egyptian Financial Supervisory Authority (EFSA), appointing a financial consultant to perform the due diligence process for all of the company’s records as the new board takes over.
Mubasher has been informed that the board of directors received the request.
Mubasher tried to contact the company, but company officials have declined to comment on the matter.
