AGM/EGM

Expectations for AGM and reporting timeliness

SGX RegCo observes trend of more issuers applying for extensions of time to hold AGMs and publish required documents

More than 10 shareholders posed questions to DBS’ board at the in-person AGM.

DBS’ Tan Su Shan flags second-order risks from Middle East conflict despite limited exposure

Automotives, shipping and small businesses in focus as the lender tracks knock-on effects from prolonged tensions

At the EGM held on Friday morning, 67.6% of the total valid votes were cast in favour of the resolution to remove Joanna Yong as a director of the company.

Nam Lee’s Joanna Yong ceases to be chairman

The requisitioning shareholders’ rationale for the removal has yet to be announced

Singapore Exchange CEO Loh Boon Chye expects more IPOs for the remainder of the year.

SGX to sharpen focus on ecosystem initiatives to sustain equity market growth

The bourse will also be expanding its product range to meet investor demand

Singtel expects Optus to be a key driver of the group’s Ebit. This will be supported by ongoing cost-reduction efforts, rational pricing in mobile and broadband sectors, and further streamlining of the product portfolio.

Optus’ performance in spotlight at Singtel AGM

Even as the Australian unit’s financials improve, shareholders are concerned about the recent A$100 million penalty for sales misconduct, among other issues

Shareholders did not raise a single question at the 53rd annual general meeting of Singapore Airlines.

SIA chairman Peter Seah redesignated as non-independent director after AGM

Redesignation is in accordance with SGX rule which stipulates that a director of a listed company will not be independent if he or she has served for an aggregate period of more than nine years

SingPost Centre was defined as “non-core” following a strategic review in 2023-2024, because the board did not think SingPost was a property company, notes outgoing chairman Simon Israel.

SingPost directors quizzed about CEO search and company’s future strategies at AGM

Decision over divesting SingPost Centre now lies with the reconstituted board, which will review whether the property is non-core to the group and is to be sold, says outgoing chairman

In June, OCBC made a S$900 million conditional exit offer at S$30.15 per share for the 6.28% stake in Great Eastern it does not own.

Great Eastern set to resume trading after delisting vote fails

Another resolution, which included a one-for-one bonus issue resolution, is passed

For instance, Sumitomo Mitsui Trust Asset Management’s votes against management proposals in the 12 months ended June 2024 stood at 22.1 per cent, up from 19.8 per cent the year prior.

Management booted out as Japan’s shareholders flex their muscles in AGMs

[TOKYO] Japan’s annual general meetings in June saw a CEO voted out and an entire board of directors replaced in a sign shareholders are increasingly holding management to account and providing impetu...

New Tech Park at 151 Lorong Chuan, an asset in Sabana Reit's portfolio. The Reit's sponsor, ESR Group, is seeking to hold the Reit's upcoming extraordinary general meeting in abeyance.

ESR attempts to suspend Sabana Reit’s May 24 EGM

The meeting is to be held by Sabana’s external manager to consider resolutions raised by activist investor Quarz Capital and four other unitholders of the Reit