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Stand taken by SBI Offshore sponsor highly disappointing

SGX should review Prime Partners Corporate Finance's handling of the proposed appointment of 2 directors flagged for potential misconduct.

The odds are stacked against the board on Friday. But regardless of the outcome of the EGM, it is important for regulators to review the contents of the two letters to shareholders and the PwC report to determine if there have been breaches of the SFA and Catalist Rules.

THIS Friday's EGM at SBI Offshore (SBIO), requisitioned by three substantial shareholders, will consider the following resolutions: the proposed removal of current CEO Chan Lai Thong as a director, and the proposed appointment of Hui Choon Ho, Lau Yoke Mun, Ong Nai Pew and Geoffrey Yeoh Seng...

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