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Amara shareholders would have benefited from more detailed disclosures

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Nisha Ramchandani

Nisha Ramchandani

Published Thu, May 5, 2022 · 05:50 AM
    • Responding to queries from SGX, Amara has since come out to say that it does not consider the issue - which relates to an immediate family member of one of Amara's executive directors - as an unresolved matter as it is still under discussion.
    • Responding to queries from SGX, Amara has since come out to say that it does not consider the issue - which relates to an immediate family member of one of Amara's executive directors - as an unresolved matter as it is still under discussion. The Straits Times

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Property developer and hotel group Amara Holdings has recently experienced a dwindling in its list of independent directors (IDs).

    At Amara's annual general meeting (AGM) on Apr 26, a resolution to re-elect Tan Tiong Cheng as an ID was not passed because 110 million shares - representing 77.7 per cent of the shares voted that day - were against it.

    At the same AGM, shareholders also shot down a resolution to grant directors the authority to issue shares under the Amara Performance Share Plan. For this resolution, 1.6 million shares voted against and 868,100 shares voted in favour.

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    Hock Lock SiewAmara HoldingsCorporate governance

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