In its Jan 20 filing, TOTM says the shareholders are seeking to remove Aw Eng Hai as independent director and Dhanie Tri Indrasto as the company’s non-executive director. The shareholders have also proposed to remove Aw and Dhanie from all other appointments with the company.
Minority shareholders of TOTM Technologies, Khoo Thomas Clive, Wong Hong Eng, Ang Siew Joo, Teo Teo Lee and Tan Ah Ee, have sent the company requisition notices on Jan 20 to convene an extraordinary general meeting (EGM) to change the company’s directors.
Khoo, Wong, Ang, Teo and Tan collectively hold at least 10% of the total shares in TOTM. Khoo is a substantial shareholder of the company with a 7.35% stake per TOTM's Jan 21 filing.
