Synergon AGM postponed for 16 days
An annual general shareholders' meeting of IT company Synergon Rt was postponed again on Tuesday for 16 days because of a disagreement between two groups of shareholders over Ft 137 million in fines and interest payments on back taxes accounted in the profit and loss statement.
Synergon requested trading in its shares be suspended on the Budapest Stock Exchange (BÉT) following the postponement. Only 35.57% of shareholders were present at the meeting, still, this number filled the company's requirement for quorum. Because of the suspension, the meeting failed to elect new members to the boards to replace members whose mandates have expired.
Synergon had after-tax profit of Ft 502 million on revenue of Ft 19.6 billion in 2005.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.