ecoWise shareholders intend to convene EGM after company said it will not do so

Uma Devi

Published Fri, Jul 16, 2021 · 07:36 PM

THREE shareholders of Catalist-listed environmental solutions provider ecoWise Holdings 5CT : 5CT 0% said they intend to convene an extraordinary general meeting (EGM) that the company had at first said it would hold but later decided against.

In a letter seen by The Business Times, dated July 16 and prepared by lawyers from Breakpoint who are representing the three shareholders, ecoWise has been provided with a notice of EGM and a proxy form for the intended EGM.

Citing their rights to do so under Section 176(3) of the Companies Act, the three shareholders - namely Tan Swee Boon, Tan Jin Beng Winston and Sunny Ong Keng Hua - notified the co…