3 irate shareholders to take on DeClout at AGM

They say that Procurri - a company that became 47% owned by DeClout after it was spun off and listed on Singapore's main board two years ago - is better off without DeClout

Anita Gabriel

Published Sun, Apr 29, 2018 · 09:50 PM

procurri

Singapore

CATALIST-listed tech incubator DeClout's board may have a high-profile fight on its hands to assuage three irate shareholders including Singapore-based Alex Turnbull, son of Australian Prime Minister Malcolm Turnbull, over what they claim are "governance overhang" issues plaguing the firm. Their main beef is the fate of their investments in Procurri - a company that became 47 per cent owned by DeClout after it was spun off and listed on Singapore's main board two years ago - which they feel is better off without DeClout.

"We are keen to see better governance and more acco…

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