3 KLW directors on chopping block at EGM

Singapore

THE stage is set for a potential boardroom refresh at troubled door maker KLW Holdings, now that the company's new controlling shareholder Quek Chek Lan has followed through with his earlier-declared intention to call a vote on ousting three directors from the board.

Mr Quek and another shareholder Siew Yong Wan have requisitioned an extraordinary general meeting (EGM) to be held on Oct 12, for shareholders to vote on removing three of the five directors and appointing four new ones, Catalist-listed KLW said in a Singapore Exchange (SGX) filing on Thursday.