Stefanutti Stocks to dispose of mining services division
The disposal of construction engineering company Stefanutti Stocks’ mining services division, comprising the materials handling and tailings subdivisions, has been approved by shareholders.
The disposal excludes the contract mining subdivision.
At a general meeting on May 26, shareholders were required to authorise the transaction.
The total number of voteable shares in issue at the date of the general meeting was more than 167.2-million, with 59.38% ofeligible voters participating in the vote.
The company's share price fell by more than 12% following the announcement.
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