Rudland family trying to oust Quantum Foods’ chairperson

Tawanda Karombo

THE CONTROVERSIAL Rudland family wants a shake-up of the Quantum Foods board of directors, igniting a potential shareholder dispute days after Country Bird Holdings (CBH) increased its stake in the JSE-listed stockfeeds and poultry business. Quantum has hogged the limelight since Astral Foods disposed of its 9% stake in the company to CBH, which has bumped up its shareholding to above 15%. As if the change in the shareholding structure of the company was not enough, new controversy is dogging Quantum Foods. Amid speculation that CBH was gunning for a controlling interest in the company, Quantum yesterday dismissed this, saying it had received a notification against this action by CBH. “Shareholders are hereby advised that, subsequent to the announcement, CBH addressed a letter to the board of directors of the…

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Cape Times (Digital) - 1 Issue, 2024-03-14

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