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Natural Cool board ouster leaves doubts over stake divestment

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Published Thu, Feb 9, 2017 · 09:50 PM

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Singapore

FOLLOWING Wednesday's ouster of all but one director on the board of Natural Cool Holdings, eyes are now on whether the new board will freeze a contentious proposed sale of the airconditioning specialist's stake in oil-and-exploration firm HMK Energy.

Wednesday's extraordinary general meeting (EGM) - the second attempt to boot out the chairman - came amid claims that some members of the new board and the shareholders who called for the EGM might be unhappy about the proposed divestment of HMK Energy.

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