Natural Cool chairman survives ouster bid
Company scheduled to hold another EGM on Dec 22, requisitioned by shareholders seeking to revoke a share issuance mandate
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE executive chairman of air conditioning firm Natural Cool Holdings managed to survive an ouster attempt by a fairly narrow margin of votes at an extraordinary general meeting (EGM) on Monday. The EGM was called for by a substantial shareholder who appeared to be absent from the meeting.
The board strife at the Catalist- listed firm is not over, however, with the next hurdle being another EGM later this month requisitioned by shareholders who want to revoke a share issuance mandate after the company recently placed out a substantial stake to a former top executive of Singapore investment firm Temasek Holdings.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
