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FBR Limited Faces Shareholder Application Over Governance Concerns

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An update from FBR Limited ( (AU:FBR) ) is now available.

FBR Limited is facing a new application from shareholder Mr. Bob Ciesla concerning the company’s recent share placements and governance practices. The application raises concerns about the consolidation of control in institutional hands, lack of disclosure on alternative funding options, and increased risk of intellectual property exploitation. The applicant seeks to invalidate the recent Extraordinary General Meeting (EGM) results and demands greater shareholder protections and transparency.

More about FBR Limited

FBR Limited is a company that designs, develops, and builds dynamically stabilized robots for outdoor use. Fidelity International Limited is a substantial holder in FBR Limited.

YTD Price Performance: -75.00%

Average Trading Volume: 15,855,714

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$34.14M

Find detailed analytics on FBR stock on TipRanks’ Stock Analysis page.

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