Asti to hold adjourned FY2021 AGM on Feb 1
Vivienne Tay
ASTI Holding ’s annual general meeting (AGM) for its 2021 financial year will take place in February, the semiconductor company said in a bourse filing on Tuesday (Jan 9).
The announcement came more than a week after Asti’s board of directors said that it would reconvene the meeting as soon as practicable.
They have since met and resolved that the adjourned AGM will be held on Feb 1, 2024.
Asti informed that a fresh Notice of Meeting will be issued to shareholders, with at least seven days’ notice as required.
Shareholders will vote on six resolutions previously adjourned to the reconvened AGM.
These resolutions involve the re-election of Anthony Loh as executive director, Charlie Jangvijitkul as non-executive and independent director, Theerachai Leenabanchong as non-executive and non-independent director, and Mohd Sopiyan Mohd Rashdi as lead independent director.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Another resolution will give the company’s directors the authority to allot or issue Asti’s shares at any time, provided the number of shares issued does not exceed 50 per cent of the group’s total issued share capital.
These six resolutions were omitted in an AGM held on Jul 31, 2023, after the board proposed to resolve an injunction application filed by dissenting Asti shareholders.
These shareholders had requisitioned an extraordinary general meeting (EGM) on Aug 22, 2023, to replace the existing board with five new directors.
SEE ALSO
The Singapore High Court deemed the EGM to be invalid and dismissed an application filed by the requisitioning shareholders against the company and its incumbent board members to comply with resolutions approved at the said EGM.
Copyright SPH Media. All rights reserved.
