In a filing dated June 1, the five directors Ching has proposed to remove are Albert Cheok Saychuan, Anthony Koh Beng Kiok, Kim Moon Soo, Lilian Koh and Ong Kim Huat.
Ching Chiat Kwong, the controlling shareholder of MC Payments, is now seeking to remove MC Payments’ current board of directors through an EGM, with the exception of Kesavan Nair.
On May 31, Ching, who is also the executive chairman and major shareholder of Oxley Holdings, issued a second requisition notice to hold an extraordinary general meeting (EGM) to approve the resolution to remove the present board of directors.
