GigaMedia Limited (NASDAQ:GIGM) is gaining momentum in the late session on Friday. The stock has seen solid buying over the past week with a jump of 9%. The stock is 44% away from its 52-week high and 22% above from its 52-week low.
Notice of the Twenty-second Annual General Meeting of Shareholders
- 22nd annual general meeting of the shareholders of GigaMedia Limited (the “Company”) will be held on June 24, 2021 at 11 a.m. local time at 8F, No.22, Lane 407, Sec.2, Tiding Blvd., Neihu District, Taipei, Taiwan, R.O.C , for the following purposes:
- Adoption of audited financial statements: RESOLVED that the Statement by the Directors, Auditor’s Report and Audited Financial Statements of the Company for the financial year ended December 31, 2020 are received and adopted.
- 2. Approval of appointment of auditors: RESOLVED that Deloitte & Touche and Deloitte & Touche LLP be and are hereby appointed as the independent external auditors of the Company until the next Annual General Meeting and that the Directors be and are hereby authorized to fix their remuneration for the financial year ended December 31, 2021.
- Approval of Directors’ remuneration: RESOLVED that the remuneration of all of the Directors is hereby approved in an aggregate amount not exceeding US$350,000 in respect of their professional services to the Company until the conclusion of the next Annual General Meeting of the Company.
Market Action
At the opening session, GIGM stock went up 4.87% to $3.04. The stock has traded 1.10 million shares, compared to its average volume of 725K shares. After opening at $2.87, the stock has moved within a wide range of $2.8507 – 3.1700.
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