Are you sure?

NABI shareholders reject winding up company

Shareholders of busmaker NABI narrowly rejected the board's proposal to wind up the companyat an annual general meeting yesterday.

The measure required the support of 75% of shareholder votes, but achieved only 74.68%. NABI will request that trading in its shares be suspended on the Budapest Stock Exchange for the first two hours of trading today in light of the unexpected decision. Zsolt Demeter, representing Bankár Holding, which holds 1% of ownership rights, but 6% of voting rights in NABI, proposed that NABI continue its activities. He said Bankár Holding is planning a capital raise in the company, allowing it to make acquisitions. The company could also start trading car parts, he said, adding that more about this would be announced in the coming days.