Under Singapore company rules, EGMs can be called by at least two shareholders in concert holding more than 10% of the shares.
Two shareholders of medtech company QT Vascular have sent in EGM requisition notices to oust the existing board and to replace its own candidates.
The requisition was on Nov 20 made jointly by an entity called Mission Well, which holds nearly 254.2 million shares, or 11.35% of the company as Nov 12, and one Tansri Saridju Benui, who owns 50,000 shares as at Nov 16.
