The Social Security and National Insurance Trust (SSNIT), has filed a counter motion to the stay of execution application filed by HFC Bank to suspend the much anticipated Emergency General Meeting (EGM).
[contextly_sidebar id=”uDFmH7jNdatw2rQqjUHgWeVMIVzuQCGo”]A late move by HFC last Tuesday got an Accra High Court to cause the EGM to be suspended for the second time.
In an exclusive interview with Citi Business News, the Head of Legal at SSNIT, Baffour Akoto expressed disappointment at the turn of events in the bank.
“We feel a bit disappointed in the sense that we think whatever we are doing is our genuine concern for the good corporate governance of HFC Bank but it’s just unfortunate that the suit had to come on but as law abiding citizens we will abide by what the court says,’’ he remarked.
According to him, he sees no reason why the Extraordinary General Meeting should not come on, adding that, SSNIT as a shareholder is hopeful that it will be held
A new date for the EGM can only be determined following the outcome of the court’s ruling on February 2.
By Lorrencia Nkrumah/citifmonline.com/Ghana