LONDON (Alliance News) - Production and distribution company DQ Entertainment PLC said Wednesday that it has received a requisition for a general meeting from shareholders holding a cumulative 51.78% of the company, seeking to appoint new directors to the company.
The requisition came from Platinum Consulting Group, Anil Chintapalli and Corporate Computer Services, together holding 29.1 million shares in the company.
The request is for Chintapalli, and Suresh Chitturi, to be appointed as directors with immediate effect. The company said it is currently seeking advice in regards to the validity of the requestion, and will make a further announcement in due course.
Shares in DQ were up 38% at 7.25 pence Wednesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
