Modernland Realty EGM lacked quorum for asset-transfer plan vote

Reuters2026/09/08 04:58

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PT Modernland Realty held an extraordinary shareholders’ meeting on Sept. 4, 2026.
Shareholders did not adopt a plan to transfer or pledge assets exceeding 50% of the company’s net assets.
The meeting backed an amendment to Article 3 of the articles of association to update the company’s purposes and business activities.
Directors were authorized to restate the resolution in a notarial deed, including any required amendments for acceptance by authorities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Modernland Realty Ltd Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32145708) on September 08, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Modernland Realty EGM lacked quorum for asset-transfer plan vote

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