Shareholders cold to more placements at Natural Cool EGM
Singapore
SHAREHOLDERS at airconditioning firm Natural Cool's extraordinary general meeting (EGM) on Thursday voted resoundingly to revoke the board's share issuance mandate, an outcome that its executive chairman Joseph Ang called a "disappointment" and "defeat".
The meeting, held in a small room at Suntec convention centre, was almost the opposite of the company's Dec 12 EGM. While the Dec 12 one at Natural Cool's Tai Seng premises was packed wall-to-wall, lasted two hours and had a narrow vote margin, the meeting on Thursday was far less crowded and over within an hour.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Asia markets mixed after Fed leaves rates unchanged; STI rises 0.1%
Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%
Universal Music Group reaches new licensing agreement with TikTok
Sumitomo to bolster shareholder returns in new mid-term plan
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform