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KUALA LUMPUR (Dec 28): Two shareholders claiming to own at least 10% of Seacera Group Bhd's shares, have requisitioned an extraordinary general meeting (EGM) of the group to elect three new directors.
In a bourse filing yesterday, the group said Asiabio Capital Sdn Bhd and Tan Sik Eek are calling for the EGM to be convened on Jan 16 to elect Dr Azirul Salihin Anuar, Chua Yeong Lin and Mah Soon Chai to the group’s board.
“The company is seeking legal advice on the above and further announcement will be made on the development thereof accordingly, if any,” Seacera said.
In another twist in the ongoing boardroom brawl to control the tile manufacturer, Seacera is also seeing an exodus of directors, following a lawsuit filed by a shareholder against the group and its directors.
The latest to vacate the boardroom positions are non-independent and non-executive director Datuk Chong Loong Men and independent and non-executive directors Yong Ket Inn, Chu Chee Peng and Shi’aratul Akmar Sahari.
Both Chong and Shi’aratul cited personal reasons for their resignations. Chong, in addition, also noted the move was also due to “his legal firm’s policy”.
Meanwhile, Yong and Chu said their resignations were due to the suit against them.
On Thursday, independent and non-executive directors Rozaidi Baharuddin and Halim @ Ab Halim Ismail also announced their resignations, due to the suit.
On Monday (Dec 23), independent and non-executive director Ling Chi Hoong resigned from his position in Seacera’s board, but said it was for personal reasons.
On Dec 11, shareholder Yap Suet Heng had named Seacera and all members of the board — including those who resigned this week — as defendants.
Yap claims the rejection of his proxy at the group’s annual general meeting on Nov 29 was wrongful, and is petitioning the court to issue an order that says all proceedings and resolutions passed at the AGM are invalid.
Shares of Seacera closed unchanged at 36 sen yesterday, giving it a market capitalisation of RM173.42 million.
