Investing.com -- Rio Tinto (NYSE: RIO ) Group, the world’s second-largest mining company, has successfully fended off a challenge by activist investor Palliser Capital UK Ltd. to review its dual listing structure.
A significant proportion of shareholders, nearly 20%, voted in favor of the proposal. However, the resolution did not garner sufficient support to pass.
Despite the outcome, Rio Tinto has stated its intention to continue discussions with shareholders on the subject of its dual listing arrangement.
The company had previously encouraged its shareholders to dismiss the proposal put forward by Palliser Capital UK Ltd.
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