Market Alert: Trump Revives Trade War Playbook with Tariff Threats
Emu NL (ASX: EMU) has applied with the Panel, raising concerns about an alleged shareholder association linked to an upcoming board spill meeting. The Panel has yet to determine whether to conduct proceedings. EMU, a publicly listed company, recently received a requisition notice under section 249D of the Corporations Act 2001 from four shareholders holding a combined 5.94% stake. The notice calls for a general meeting on 16 April 2025 to remove two of the three current directors and appoint two nominee directors.
EMU asserts that the requisitioning shareholders and specific other individuals are acting in concert to gain board control. It alleges that this group collectively holds voting power exceeding 20%, has engaged in unauthorized acquisitions, and has failed to disclose their association. As a result, EMU seeks final orders imposing voting restrictions, potential forced divestment, corrective disclosure, and reimbursement of costs related to the application.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
