Requisitioning shareholders of ecoWise say EGM postponed only because of injunction application

Singapore

THE 8 shareholders of ecoWise Holdings who have requisitioned an extraordinary general meeting (EGM) have taken issue with the company's statement issued on Wednesday (Mar 16).

In a letter addressed to ecoWise's board and sponsor and seen by The Business Times, the shareholders sought to clarify that a previously requisitioned EGM was not, as ecoWise claimed, "voluntarily postponed". The EGM did not take place earlier because of a temporary injunction obtained by ecoWise's director and deputy chief executive Cao Shixuan, they said.