Boardroom fighter re-emerges at KLW
Quek Chek Lan, who has become the single largest shareholder, plans board restructuring
Singapore
A VETERAN fighter of boardroom wars has re-emerged and is now planning directorship changes at furniture maker KLW Holdings.
In a transaction that made him a substantial shareholder and the single largest shareholder of KLW, Quek Chek Lan on Aug 26 bought some 980.4 million KLW shares, or an 18.22 per cent stake, from KLW managing director Lee Boon Teck for S$4 million, or about 0.41 Singapore cent per share.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Hong Kong bourse regains favour on hopes of a market revival