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Asiatrust Development Bank Stockholders' approval of Asset Sale and Purchase Agreement with Asia United Bank

At the Special Stockholders' Meeting of Asiatrust Development Bank, Inc. Bank held in April 25, 2012, the following matters were approved:
1.  Approval and Ratification of the Asset Sale and Purchase Agreement with Asia United Bank.

2.  Ratification of the Appointment of R.S. Bernaldo and Associates as external auditor for fiscal year ended 30 June 2011.

3.  Ratification of the appointment of two (2) Independent Directors namely: Atty. Ramon P. Mendoza and Atty. Arsenio A. Alfiler in place of two (2) resigned Directors.

4.  Approval of the change of Corporate Name from Asiatrust Development Bank, Inc. to NextGenesis Holdings Corporation, and Amendment of the Corporation's Primary and Secondary Purposes from a Bank to a Holding Company, and deletion of Banking and Trust-related Provisions in the By-Laws.
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"Asiatrust Development Bank Stockholders' approval of Asset Sale and Purchase Agreement with Asia United Bank" was written by Mary under the Banking category. It has been read 1927 times and generated 0 comments. The article was created on and updated on 25 April 2012.
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