Business-Law

Topaz joint venture administrator Inna Linnik is calling on government agencies to intervene in the crisis at the company in order to protect its assets and bring about a reasonable resolution that is beneficial to all parties and to the state
29.05.2025
At a press conference on Thursday, she expressed surprise at the publication of an announcement in the CNPF newspaper Capital Market about the convening of an extraordinary shareholders' meeting scheduled for June 6 in absentia. "In accordance with the law, a meeting may be convened by a shareholder holding at least 5% of the shares, whereas in the announcement, the meeting is convened by a shareholder holding 25 shares (not a percentage). Topaz has a total of 408 shareholders, of which 407 are individuals, minority shareholders, and 97.73% of the shares are held by United Engine Corporation ...
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