Douglas Holding AG (DUGLF.PK,DUGLY.PK), Tuesday said Beauty Holding Three AG, has requested that the Douglas shareholders’ meeting should settle the transfer of remaining shares held by the minority shareholders of Douglas to Beauty Holding for a cash consideration.Beauty Holding Three holds more than 95 percent of the registered share capital of Douglas Holding AG and is therefore the main shareholder of Douglas Holding AG.
The resolution shall happen at the annual general meeting most likely to occur in May, Douglas said in a statement.
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by RTT Staff Writer
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