HG Metal Manufacturing, the stockist and manufacturer of steel products, says it has voted against the removal of director Tan Chan Too at the extraordinary general meeting (EGM) of shareholders held today at Hotel Re! on Chin Swee Road.

The EGM was held to resolve on the motions to remove as directors of the company, Tan, Wee Piew and Lee Leng Loke, and to approve the appointment of Chng Hee Kok and Roy Ling Chung Yee as directors of the company.

As Wee and Lee had resigned from the board on Jan 4, the resolutions for their removal as directors were not moved. However, both will continue to serve out their service contracts as executives of the company until the end of June 2010.

The proposed resolutions to appoint Chng and Ling were also not carried out at the EGM as the board has appointed both to the board of directors with effect from Jan 4

Chng is presently the chief executive officer and director of Hartawan Holdings. Chng also sits on the boards of directors of a number of public listed companies including People's Food Holdings, Pacific Century Regional Developments, Samudera Shipping Line, Full Apex Holdings, CHT Holdings and Sunray Holdings. He had served as chief executive officer of Scotts Holdings and chief executive officer of Yeo Hiap Seng. He was a council member of the Singapore Institute of Directors. From 1984 to 2001, Chng was an elected Member of Parliament.

Ling is currently the managing director of RL Capital Management, a boutique hedge fund focused on Asia and is also an independent director of Asia Water Technology. Ling was previously a vice-president with JPMorgan Asia’s real estate investment banking team, responsible for the origination and execution of investment banking mandates for regional clients. He has also worked for Lehman Brothers, Goldman Sachs and Saloman Smith Barney, where his experience and responsibilities included corporate finance and equity research and real-estate financings.