3 KLW directors on chopping block at EGM
Singapore
THE stage is set for a potential boardroom refresh at troubled door maker KLW Holdings, now that the company's new controlling shareholder Quek Chek Lan has followed through with his earlier-declared intention to call a vote on ousting three directors from the board.
Mr Quek and another shareholder Siew Yong Wan have requisitioned an extraordinary general meeting (EGM) to be held on Oct 12, for shareholders to vote on removing three of the five directors and appointing four new ones, Catalist-listed KLW said in a Singapore Exchange (SGX) filing on Thursday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Keppel prices 70 million euros of floating-rate notes due 2031
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
China’s Bank of Communications Q1 profit rises 1.44%
Huawei’s smart car tech offers automakers route to China sales
Electrolux Q1 loss nearly triples on weak demand but beats expectations