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Bangkok Post – “CRC Vote Approves Sale of Rinascente”

Article Summary:

Central Retail Corporation Plc (CRC) has successfully obtained shareholder approval to sell its Rinascente department store business in Italy. The decision was made during a recent meeting attended by 1,372 shareholders, representing 58.4% of the total shares with voting rights.

The meeting adhered to the Stock Exchange of Thailand’s guidelines, ensuring transparency, full disclosure of information, and equal voting rights for all participants. CRC’s chief executive, Suthisarn Chirathivat, announced that the asset sale received significant support, with 3.16 billion votes in favor, equating to 89.5% of shareholders present.

This approval marks a strategic move for CRC as it seeks to streamline its operations and focus on core business areas. The sale reflects the company’s commitment to transparency and engages shareholders positively in pivotal decisions.

Original Article:

Bangkok Post – CRC vote okays Rinascente sale

Central Retail Corporation Plc (CRC) has received shareholder approval for the sale of its Rinascente department store business in Italy.

A total of 1,372 shareholders attended the meeting, representing 58.4% of the total shares with voting rights.

The meeting followed the guidelines of the Stock Exchange of Thailand and shareholder meeting standards that emphasise transparency, full disclosure of information, and equal voting rights for all shareholders, according to the company.

Suthisarn Chirathivat, chief executive of CRC, said the meeting approved the sale of assets related to the Rinascente department store business, with 3.16 billion votes in favour, representing 89.5% of shareholders attending…

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