Ong says he has collected 100 signatures to requisition for the three resolutions to be tabled at GEH's upcoming AGM.
Ong Chin Woo, a shareholder of Great Eastern Holdings (SGX:G07
) has sent a letter to GEH’s board requesting that three resolutions be tabled at its AGM.
The three resolutions tabled by Ong are: To withhold 30% of Board of Directors’ fees until GEH’s share price recovers to 0.8 times of its Embedded Value; to replace OCBC shares in the current Executive Share Option Schemes for GEH's management with GEH shares; and to appoint an independent financial advisor to explore options to enhance GEH shareholders’ value.
