GRAM subsidiary seeks spill of Highlands’ Board

Highlands Pacific Ltd (ASX:HIG) has today received notice from PanAust Ltd (a wholly-owned subsidiary of the Chinese state-owned Guangdong Rising Assets Management Co Ltd – GRAM) that it is requisitioning a special meeting of Highlands Pacific Ltd to remove four of the Company’s five non-executive directors and appoint three GRAM subsidiary nominees.

Download link to the copy of this announcement is below.

Highlands rejects GRAM request for Board spill