At the company’s AGM held on June 10, shareholders voted against the re-election of executive director Kenneth Low Si Ren by 57.15% vs 42.85%; they voted 77.79% vs 22.21% against chairman Chin Chee Choon.
SINGAPORE (June 22): Shareholders at the AGM of Allied Technologies voted to kick out three of the company’s five directors.
However, SGX RegCo has compelled the board to stay on and sit through a special audit still in process, and help clean up the mess of missing $33 million from an escrow account. As such, the three directors have been reappointed.
