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PEWC |
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Among other relief sought, the petitioner seeks an order that either PEWC and/or CTB and/or the Company purchase Sino-JP's shares or that Sino-JP purchase the shares of the Company held by PEWC and/or CTB, in either case at a fair value to be determined by the court or that PEWC and/or CTB pay damages to Sino-JP. Those resignations are consistent with the position of the creditor banking group of PEWC that the APWC Board increase the number of independent directors up to five seats. The option was granted on behalf of AMC to PEWC under an Option Agreement entered into on September 15, 2004 in connection with an acquisition at that time by AMC of 72. |
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