ecoWise shareholders with 11.3% stake to convene EGM

Singapore

EIGHT shareholders of beleaguered ecoWise Holdings have sounded their intention to convene an extraordinary general meeting (EGM) on Apr 14 via electronic means to remove deputy chief executive Cao Shixuan from both his office as a director of the group and all his appointments with the company and its associated firms, as well as to appoint 3 new directors.

These shareholders collectively own some 107 million ordinary shares of ecoWise, or a collective stake of about 11.3 per cent. Two of the 8 shareholders were also part of the group of shareholders that had requisitioned for an EGM to be held on Aug 13 last year to remove Cao from his position, among other resolutions.