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Cool d'etat heating up again at aircon firm

Shares jump 33% with 122.7 million units traded on Wednesday after firm said it received notice to hold EGM

Published Wed, Jan 11, 2017 · 09:50 PM

Singapore

CALL it a cool d'etat. Nearly half of the entire S$41.1 million market capitalisation of airconditioning firm Natural Cool changed hands in a single session on Wednesday, after the company said late Tuesday night that some shareholders had decided to have another go at booting out its executive chairman Joseph Ang.

The share price leapt 33 per cent or S$0.041 to S$0.164, with 122.7 million shares traded, …

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