TRUSTCO BOARD ADVISORS VINDICATED BY SHAREHOLDER VOTE
In a non-binding advisory vote called by the Board of Directors of Trustco Group Holdings Ltd, its minority shareholders overwhelmingly endorsed and confirmed the Board’s accounting treatment and auditor’s opinions on the group financial statements including the loan forgiveness transactions of more than NAD 1.5 billion by Next Capital Ltd, the majority shareholder of Trustco. This vote effectively vindicates the actions of the Board, the group auditors and the independent accounting advisors in the eyes of the minority shareholders.
