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.


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