PARIS (Reuters) – More than 30% of shareholders voted against approving the 2020 financial accounts of technology group Solutions30 – whose business practices have come under criticism from hedge fund Muddy Waters – at the company’s annual shareholder meeting.
The results from Wednesday’s meeting also showed that more than 15% voted against Solutions30’s decision to replace EY as its auditor, with the smaller firm PKF Audit.
All the shareholders’ resolutions were approved by a majority of investors. Solutions30 has consistently denied the criticism laid against it by Muddy Waters.
(Reporting by Sudip Kar-Gupta, editing by Louise Heavens)
