Asia stocks: S.Korea rises past Trump tariff threat, Australia flat ahead of RBA
EDMONTON, Alberta - Melcor Developments Ltd. (TSX:MRD) reported that shareholders approved all items of business at its annual general meeting held Tuesday, with 79.59% of outstanding shares represented through in-person or proxy voting. The company, currently valued at $1.01 million in market capitalization, has maintained a strong liquidity position with a current ratio of 8.55, according to InvestingPro data.
The Alberta-based real estate development and asset management company announced that 24,073,887 shares were voted at the meeting. All nominated directors were successfully elected with approval ratings ranging from 96.23% to 96.37%.
The elected board includes Douglas Goss, Andrew Melton, Kathleen Melton, Timothy Melton, Bruce Pennock, Janet Riopel, Catherine Roozen, and Ralph Young. Douglas Goss and Bruce Pennock received the highest approval ratings at 96.37%, while Catherine Roozen received the lowest at 96.23%.
Melcor Developments, established in 1923, operates across multiple real estate sectors including residential communities, business parks, office buildings, retail centers, and golf courses. The company manages various stages of real estate development from land acquisition and planning to construction and asset management.
This information is based on a press release statement issued by the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.