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The group added that the EGM seeking shareholder approval for the formation of the joint venture between Smiths and GE - which aims to form a security arm to develop technologies for detecting explosives and biological agents - would take place in the fourth quarter, later than expected.
Considering the great loss and sacrifice that preceded the formation of the joint venture, supporters of St George (the game's most famous club!) and Illawarra (the game's richest nursery of young players!) surely expected more than more of the same: mediocrity.
Tianrui Cement, in response to faxed questions from Forbes about management strife and ownership practices, said "we do not comment on rumors or speculations about the company," but maintained: "Since formation of the joint venture in early 2007, we have worked with our shareholders to achieve continued, rapid growth of the company".
Similar(56)
The financial terms of the joint venture were not disclosed.
Last March, Hermès quietly pulled out of the joint venture.
For now, details of the joint venture are scant.
"The proposals for membership of the joint venture remain exclusionary.
G.E. executives would not comment on the details of the joint venture.
Wipro owns 55% of the joint venture.
Toshiba shares jumped 2.4% on word of the joint venture.
AT&T owns about 25% of the joint venture.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com