On May 7, nine shareholders of the company who collectively owned 10% of the total number of paid-up shares of the company required TOTM to convene an EGM to table three resolutions surrounding the removal of Irawan, and two other non-executive independent directors of the company, Dhanie Tri Indrasto and Phang Yew Kiat. The nine shareholders are Khoo Thomas Clive, Wong Hong Eng, Tan Ah Ee, Gan Huai Shen, Koh Ah Luan, Vincent Gan, Gan Huai Shi, Ang Siew Joo and Teo Teo Lee. Khoo is also a substantial shareholder of fellow listco, Zixin Group.
TOTM Technologies, a company that provides end-to-end identity management and biometrics products, has announced the resignation of its executive director and CEO Irawan Mulyadi on May 27.
Irawan’s resignation is to facilitate the board and management renewal, having considered the requisition notice dated May 7.
