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Rich Capital Holdings' shareholders call for EGM to prevent Batam project from entering into any settlement

Felicia Tan
Felicia Tan • 4 min read
Rich Capital Holdings' shareholders call for EGM to prevent Batam project from entering into any settlement
Rich Capital Holdings’ shareholders on Thursday sent an open letter calling for an EGM to prevent the company’s subsidiaries Rich Batam and Oxley Batam from entering its Batam development into any terms of settlement or payment.
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SINGAPORE (June 12): Mining company Rich Capital Holdings’ (Rich Capital) shareholders on Thursday sent an open letter via email to the company calling for an extraordinary general meeting (EGM) to prevent the company’s subsidiaries Rich Batam and Oxley Batam from entering its Batam development into any terms of settlement or payment.

The letter also asked for the appointment of two directors within Rich Capital.

The shareholders, Bai Fengmei, He Xiaocong, Tan Hong Eng, and Oh Keh Yew, who own over 10% of shares in Rich Capital Holdings, have sent in a letter to call for an EGM previously on May 19.

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