Specifically, the unnamed shareholders want Koh Brothers to "take all necessary steps" to procure Koh Brothers Eco Engineering to distribute in specie all of its 97,445,805 shares in Oiltek to Koh Brothers Eco Engineering shareholders, and then, Koh Brothers, upon receipt of the Oiltek shares via its stake in Koh Brothers Eco Engineering, to similarly distribute the Oiltek shares to Koh Brothers shareholders.
Koh Brothers Group has again received request from unnamed shareholders who are eyeing a distribution in specie of shares of its indirect subsidiary, Oiltek International.
Oiltek, as indicated in its FY2024 annual report, is 68.14% held by Koh Brothers Eco Engineering, which in turn is 54.81%-held by Koh Brothers.
