Bursa Alert
Global Market
NewsHighlight Tey and Ooi walk out of Protasco EGM
Page 1 of 1
Highlight Tey and Ooi walk out of Protasco EGM
by Cals Thu 27 Nov 2014, 02:11
Highlight
Tey and Ooi walk out of Protasco EGM
UALA LUMPUR (Nov 26) Tey Por Yee and Ooi Kok Aun have both staged a walk out on the Protasco's EGM on the basis that the EGM was "tainted with illegality".
The meeting was said to be illegal because chairman called for the two hour adjournment this morning after the meeting was called without first consulting shareholders.
According to Tey and Ooi's legal counsel, the duo has successfully obtained an injunction to prevent Chong Ket Pen and other defendants from voting to remove them from Protasco's board.
Tey said that the two hour adjournment were first sought to "buy some time" as Chong attempts in court to set aside Tey and Ooi's injunction.
Tey and Ooi walk out of Protasco EGM
UALA LUMPUR (Nov 26) Tey Por Yee and Ooi Kok Aun have both staged a walk out on the Protasco's EGM on the basis that the EGM was "tainted with illegality".
The meeting was said to be illegal because chairman called for the two hour adjournment this morning after the meeting was called without first consulting shareholders.
According to Tey and Ooi's legal counsel, the duo has successfully obtained an injunction to prevent Chong Ket Pen and other defendants from voting to remove them from Protasco's board.
Tey said that the two hour adjournment were first sought to "buy some time" as Chong attempts in court to set aside Tey and Ooi's injunction.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Highlight Tey, Ooi walk out of Protasco EGM after court lifts injunction
» Highlight Protasco shareholders vote Tey, Ooi out
» Highlight Protasco’s O&G venture falls through
» Highlight Feud between Protasco and Tey intensifies
» Highlight Protasco shareholders want to remove Tey and Ooi from board
» Highlight Protasco shareholders vote Tey, Ooi out
» Highlight Protasco’s O&G venture falls through
» Highlight Feud between Protasco and Tey intensifies
» Highlight Protasco shareholders want to remove Tey and Ooi from board
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum