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Shareholder move to oust SBI Offshore CEO stalls

EGM adjourned pending greater clarity on investigations into possible breach of securities laws and other offences

MR HUI: He wants to restore SBI Offshore to profitability by removing Mr Chan, only to be reminded that it was mostly under Mr Tan's watch that it was loss-making.


FRIDAY's meeting for SBI Offshore shareholders to vote on a board shake-up that was triggered by a major shareholder's "mutiny" against the chief executive officer came through like an edgy day-time chat show and after two highly-charged hours, ended up being adjourned.