The letter alleged that the agreements were made without the prior approval of shareholders at an EGM.
SINGAPORE (July 16): SBI Offshore’s shareholders Hui Choon Ho and Paul Goh have sent two letters dated July 13 and July 15 to the company calling for an extraordinary general meeting (EGM) to prevent further agreements with Berlitz CEO Chan Kern Miang.
The letters refer to the share sale agreement (SSA) entered by SBI Offshore and Berlitz on May 30, 2019, and the supplemental agreements entered on Feb 20, and May 11, this year.
