Struggling toy and confectionery wholesaler Funtastic has called an extraordinary general meeting for May 4, when shareholders will vote on a proposal to delist from the Australian Securities Exchange.
The board of Funtastic, which distributes Cabbage Patch Kids, Care Bears and Star Wars branded toys and merchandise, wants to delist following a decade of sliding earnings and shares in order to restructure debt and grow.
The meeting will take place at Funtastic's head office in Chadstone, Victoria.
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