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Dubai builder Arabtec says shareholders ask to reverse decision to liquidate company

Nov 30, 2020 - Nasdaq

DUBAI, Nov 30 (Reuters) - Dubai builder Arabtec Holding ARTC.DU is asking shareholders to reverse a decision made in September to proceed with a bankruptcy and liquidation filing, according to a bourse filing on Monday.

Instead, the troubled builder is asking shareholders, scheduled to meet at a general assembly meeting on Monday, to approve the continuity and restructure the company, the filing said.

The contracting firm said the request was made "at the request of shareholders repr...