Valencia reopens its doors to minority shareholders

Valencia will once again open the door to its minority shareholders at its next Ordinary General Meeting. The Board of Directors chaired by Layhoon Chan has announced that the requirement of having or representing a minimum of 5,786 shares in order to attend will be annulled. Thus, more shareholders will be able to attend the 2023 Shareholders’ Meeting. As pointed out from the club, the number of minimum shares required from next year will return to the usual standards that existed until the last two editions.

The announcement has been broadcast kiat lim, son of Peter Lim and new councilor of the club: “With respect to the history and traditions of the club, we have decided to revert to the original format to access the General Meeting. We hope it will allow us to connect with all stakeholders, as well as show that we are serious about change and that we want to connect more with shareholders, fans and the media.”

Kiat Lim’s sentence, which will return to Singapore in the next few hours, is an excerpt from an interview he has given to the club’s official media, which will be broadcast in its entirety on Wednesday and in which he analyzes different areas news from Valencia. These statements were made after having met during his stay in the city with Gennaro Gattuso, Miguel Angel Corona, the mayor Joan Ribó, as well as visiting the Paterna facilities and the skeleton of the New Mestalla.

Kiat Lim, regarding the announced measure, was present at the meeting with the shareholders that was held last Monday, in which he was formally appointed as a director of the club and which was only accessible to 9 shareholders (plus two representing Meriton Holdings ). The Board of Directors wanted him to be the one to announce a measure highly demanded by the opposition platforms, further staging the role of heir to him.