Sias to hold shareholder dialogue ahead of Shanghai Turbo EGM

Singapore

SINGAPORE's investor watchdog is holding a dialogue for shareholders of precision engineering group Shanghai Turbo Enterprises, citing "serious concerns about the events unfolding" at the company, ahead of a vote on July 24 on whether to replace its entire board of directors.

Shanghai Turbo announced in June that it would go ahead with an extraordinary general meeting (EGM), in line with a shareholder requisition letter received in January over which it had previously sough…