Potential board shake-up at Pavillon has been brewing since April’s AGM
MAINBOARD-LISTED Pavillon Holdings : 596 0%, previously known as Thai Village, could dish up a change of board control if its largest shareholder’s move to oust the executive chairman is successful.
A meeting requisition from shareholder Zheng Fengwen, through Seven Star Capital on Jul 14, sought to boot the executive chairman John Chen Seow Phun and independent director Ko Chuan Aun from the board.
Zheng, a former executive director of Pavillon, and major shareholder Teo Kiang Ang have nominated themselves for the positions of director and executive chairman, respectively, at the extraordinary general meeting that is being called for.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama