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QT Vascular shareholders vote against new board candidates; company to repay US$1 mil debt by issuing new shares

Atiqah Mokhtar
Atiqah Mokhtar • 2 min read
QT Vascular shareholders vote against new board candidates; company to repay US$1 mil debt by issuing new shares
Another EGM will be held on Dec 15 to vote on the removal of existing board directors.
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Shareholders have rejected resolutions to appoint new candidates to QT Vascular’s board at the EGM on Dec 6.

Last month, the company received an EGM requisition by two shareholders, Mission Well and Tansri Saridju Benui, to oust the existing board and replace them with their own candidates. CEO Eitan Konstantino left the company on Nov 30.

An EGM was requisitioned to be held on Dec 6 to appoint Tansri Saridju Benui; Christian Kwok-Leun Yau Heilesen; Stanley Leung Yu Tung; Zhou Jia Lin and Chay Yiowmin as directors of QT Vascular.

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