USP’s dissenting shareholders can convene meeting if ignored by board: SGX

SINGAPORE (March 17): The Singapore Exchange says USP’s dissenting shareholders may themselves convene a shareholders’ meeting within three months from the requisitioning date if USP’s board of directors ignore their request to hold an extraordinary general meeting (EGM), as provided under the Companies’ Act.

This was in response to a query by The Edge Singapore on what would happen if USP ignored requests for an EGM or allowed the deadline of two months to lapse without holding one.

(See also: USP seeking advice on EGM requisition letter, advised to obtain ‘documentary evidence’ of shareholders’ stake)

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