Potential board shake-up at Pavillon has been brewing since April’s AGM

Tay Peck Gek

Published Wed, Jul 20, 2022 · 05:50 AM

MAINBOARD-LISTED Pavillon Holdings : 596 0%, previously known as Thai Village, could dish up a change of board control if its largest shareholder’s move to oust the executive chairman is successful.

A meeting requisition from shareholder Zheng Fengwen, through Seven Star Capital on Jul 14, sought to boot the executive chairman John Chen Seow Phun and independent director Ko Chuan Aun from the board.

Zheng, a former executive director of Pavillon, and major shareholder Teo Kiang Ang have nominated themselves for the positions of director and executive chairman, respectively, at the extraordinary general meeting that is being called for.

Zheng holds 25.8 per cent of Pavillon; Teo, the founder of taxi operator Trans-Cab and bottled cooking gas supplier Union Gas, h…