Amer Group minority shareholders say no to delisting decision: Minority shareholders of developer Amer Group shareholders have said no to a plan driven by the company’s board of directors to voluntarily delist from the EGX, Al Mal reported. The Financial Regulatory Authority (FRA) had decided that only minority shareholders would be able to vote at the meeting. Shareholders had filed a complaint to the FRA, asking it to take action against company founder and chairman Mansour Amer and lead shareholder Mohamed El Amin for alleged market manipulation. They allege that Amer and Amin intentionally caused the company’s share price to tank when they sold some 73 mn shares over the last six months. The complainants want the FRA to unwind the trades and to order an independent fair value study to set the price at which the company will buy out their shares during a planned delisting process.

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