Climate change at Natural Cool EGM

AIRCONDITIONING firm Natural Cool's extraordinary general meeting (EGM) on Thursday, its second this month, might go quite differently from its first one on Dec 12 where its executive chairman managed to survive an ouster attempt by a narrow margin of votes.

As the stock briefly soared last week, the company's executive chairman Joseph Ang Choon Cheng and his brother, an executive director on the board, both took the chance to sell off most of their shares in the company, bourse filings show.

But around the same time, two substantial shareholders who appear to oppose Mr Ang - or at least the decisions of the current board Mr Ang leads - seized the chance to raise their holdings. One of them, Lim Teck …