Fu Yu IDs ‘surprised’ at EGM requisition by largest shareholder following his failed application to be a director
The independent directors reiterate that they do not have any control over the day-to-day operations of the company
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PRECISION plastic components manufacturer Fu Yu Corporation’s independent directors (IDs) Royston Tan and Christopher Huang were surprised that substantial shareholder Victor Lim has requisitioned for an extraordinary general meeting (EGM) to have them replaced, they said on Monday (Jan 13).
In a bourse filing released last Thursday (Jan 9), Fu Yu announced that Lim had called for both Huang and Tan to be removed as directors of the company in the EGM.
Lim also called for the appointment of Gilbert Rodrigues, Ralf Pilarczyk and Yang Zhenrong as independent non-executive directors.
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