The first proposal includes discussing the distribution of all the shares that Koh Brothers Group's subsidiary Koh Brothers Eco Engineering (SGX:5HV
) (KBE) in Oiltek International, which recently received in principle approval to transfer its listing to the Mainboard of the SGX, to KBE and then onto KB shareholders.
Shareholders of Koh Brothers Group (SGX:K75) (KB) should note two additional resolutions that will be discussed and voted upon at the company's upcoming AGM involving the shares it owns in Oiltek International (SGX:HQU) , says the Securities Investors Association of Singapore (SIAS).
The securities watchdog notes that three minority shareholders of Koh Brothers Group has raised two resolutions which have been accepted and will be discussed and voted upon at the company's AGM on Apr 29.
