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Minority shareholders make second bid in two months to remove board of Kumpulan Jetson

KUALA LUMPUR: A group of minority shareholders who claim to own more than 10 per cent in Kumpulan Jetson Bhd has made a second bid to remove the company's board of directors.

In a notice to requisition an extraordinary general meeting (EGM) today, the shareholders, which include Tee Cheng Beng, said they were looking to remove the current board of directors and replace them with Tee Chee Beng, Chuan Sieh Yee, Joe Tee Chang Chee Lup, Boey Sook Yen and Melvin Ong Kok Ho.

It added if the EGM is not convened within the time period stipulated under the Companies Act 2016 and/or notice of the same is not given to the company's shareholders within 14 days from the date of the notice, the minority shareholders will proceed to convene the meeting to consider and pass the resolutions.

An earlier attempt to convene the EGM to remove Kumpulan Jetson's board directors was deemed invalid and defective after the company secretarial agent and share registrar Securities Services (Holdings) Sdn Bhd found that the shareholders who called for the meeting held less than the requisite 10 pe rcent needed to call for an EGM.

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