MC Payment’s CEO Anthony Koh has, on the evening of June 14, issued a letter to the shareholders of MC Payment.

Koh’s letter comes after a statement released by the company’s major shareholder and executive chairman of Oxley Holdings, Ching Chiat Kwong, on June 10.

Referring to Ching’s requisitions to appoint five directors onto the board and remove all but one of the board’s current members, Koh says that the board “deeply regrets” the current state of affairs.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook