PENTWATER ISSUES LETTER TO TURQUOISE HILL BOARD CALLING FOR ACTION IN DEFENSE OF MINORITY SHAREHOLDERS
Turquoise Hill Resources Ltd. Ordinary Shares (TRQ)
US:NYSE Investor Relations:
turquoisehill.com/s/investors.asp
Company Research
Source: PR Newswire
NAPLES, Fla., Jan. 18, 2022 /PRNewswire/ -- On January 13, 2022, Pentwater Capital Management LP ("Pentwater"), the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill") (TSX:TRQ) (NYSE:TRQ), sent the following letter to the members of the Board of Directors of Turquoise Hill. As with every other letter we have sent for the past year, there was no response. Pentwater urges all Turquoise Hill shareholders to make their voices heard by reaching out directly to the members of the TRQ Board. A copy of the letter is as follows:Dear Board of Directors of Turquoise Hill Resources:As you know, we at Pentwater Capital Management have been your largest minority shareholders for many years.I write to you because weeks have passed since a resolution was voted on in the Mongolian Parliament that could have materially detrimental effects on TRQ, and yet we have not heard any comment from TRQ's Board or management. As a result, we are gravely concerned that you and your co
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