TEL AVIV, Israel, June 30, 2016 /PRNewswire/ —
Metalink Ltd. (OTCQB: MTLK) today announced that, further to its previously announced plan to voluntary liquidate the Company, it has received notice from one of its principal shareholders (holding, to the Company’s knowledge, approximately 24.9% of the outstanding shares) whereby such shareholder stated, among other things, its objection to the liquidation plan. Since the liquidation requires approval by shareholders holding at least 75% of all shares voted on the matter, the Board of Directors is reviewing and considering the objection, …
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