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SBI Offshore's former chairman Hui makes another bid for board influence

The Edge Singapore
The Edge Singapore7/6/2020 09:00 PM GMT+08  • 4 min read
SBI Offshore's former chairman Hui makes another bid for board influence
Hui's move came barely a week after Mirzan was voted out at the company's AGM on June 29
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SINGAPORE (July 6): SBI Offshore’s former chairman and CEO Jonathan Hui Choon Ho is making another attempt to gain some control of the company’s board by calling for an extra-ordinary general meeting.

In a July 6 letter to the board, Hui, who owns 7.92% of the company, has teamed up with another shareholder Paul Goh Ju Poh, who claims to own 2.82%, to oust an existing director and appointment their nominee.

Under Singapore company laws, shareholders who hold more than 10% can call for EGMs.

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