Subscribers

Magnus Energy's requisitioning shareholders call for own EGM

They say this is because Magnus has failed to hold the meeting they requested by the statutory deadline

Singapore

FOUR requisitioning shareholders of Magnus Energy Group are exercising their rights to convene an extraordinary general meeting (EGM) to remove and appoint directors as soon as possible.

This is because Magnus has failed to hold the EGM they had requested by the statutory deadline, they wrote in a letter to the company on Thursday.

The four shareholders - Ong Chin Yew, Sng Lee Leng and two companies Blue Water Engineering and Idola Cakrawala International - had on Nov 7 given Magnus a requisition...

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes