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Shareholders demand action over governance issues, audit fraud, and potential delisting at RevoluGROUP Canada.
A shareholder group representing over 10% of RevoluGROUP Canada Inc.’s shares has demanded urgent action over alleged governance failures, including asset stripping, improper director appointments, audit deception, and a potential delisting.
The group criticizes a September 16 news release for using vague terms like “structurally independent” and “spin them off,” suggesting the removal of key subsidiary RevoluPAY without shareholder approval.
It warns that delisting would erase regulatory protections, enabling unchecked asset transfers.
The group disputes the company’s audit disclosures, asserting current management—not former directors—bears responsibility for related-party reporting, and calls the release a material misrepresentation.
It also notes the company has not held an annual meeting since January 2024, violating the BC Business Corporations Act, and urges restoration of transparency, accountability, and shareholder rights.
Los accionistas exigen medidas sobre cuestiones de gobierno, fraude de auditoría y posible cancelación de RevoluGROUP en Canadá.