Ferretti Group, Golden Power Fails to Stop Weichai: Court Rejects KKCG’s Appeal
The Bologna Court has rejected the interim relief application filed by KKCG seeking to suspend the resolutions adopted at Ferretti Group’s May 14 shareholders’ meeting, challenging the validity of Weichai’s votes. Judge Roberta Dioguardi found insufficient grounds for the claims concerning Golden Power regulations, alleged undisclosed shareholders’ agreements and abuse of voting rights. The governance structure elected in May remains in place, although the proceedings on the merits are still pending
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