Natural Cool chairman survives ouster bid
Company scheduled to hold another EGM on Dec 22, requisitioned by shareholders seeking to revoke a share issuance mandate
Singapore
THE executive chairman of air conditioning firm Natural Cool Holdings managed to survive an ouster attempt by a fairly narrow margin of votes at an extraordinary general meeting (EGM) on Monday. The EGM was called for by a substantial shareholder who appeared to be absent from the meeting.
The board strife at the Catalist- listed firm is not over, however, with the next hurdle being another EGM later this month requisitioned by shareholders who want to revoke a share issuance mandate after the company recently placed out a substantial stake to a former top executive of Singapore investment firm Temasek Holdings.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share
US: Wall St opens higher, focus on comments from Fed officials
Vicom Q1 net profit up 1.3% to S$6.9 million
Sanofi inks US$1.2 billion vaccine licensing deal with Novavax
Hin Leong founder OK Lim found guilty of 3 criminal charges
Ford’s Lawler to hand over CFO role to ex-Lucid executive, transition to vice chair