VibroPower founder rebuts shareholder's claims
Founder Benedict Chen says generators business is very competitive and margins thin, in response to shareholder Alex Chng, who is seeking to oust him at EGM on Nov 9
Add BT as a preferred sourceSingapore
VIBROPOWER Corporation already supplies power generators to quarters in the real estate sector and competition is intense while margins are thin, the company's founder Benedict Chen has said, firing back at claims by a shareholder looking to oust him.
The shareholder is Alex Chng who, together with his cousin Lim Eng Tiong, is looking to boot out all of VibroPower's three directors, including Mr Chen, and appoint himself and two others to the board at an extraordinary general meeting (EGM) on Nov 9.
TRENDING NOW
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
Singapore banks’ battle for wealth talent goes beyond private bankers
Car dealer charged in S$1.1 million tax evasion case involving Porsches, Ferraris, Rolls-Royces
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap
