Under current regulations, the resolution must not have been voted against by 10% or more of Challenger’s issued shares held by shareholders present and voting.
SINGAPORE (June 27): Loo Leong Thye, the founder, executive director and chief executive officer of Challenger Technologies, has failed in his bid to voluntarily delist the consumer electronics retailer.
At an extraordinary general meeting (EGM) on Thursday, some 11.36% of shareholders voted against the resolution to voluntarily delist the company.
