Drama at Protasco EGM, new twist in boardroom tussle


Ooi (left) and Tey speaking to the media.

KUALA LUMPUR: It was supposed to be D-Day for Protasco Bhd shareholders as they were to vote on removing company directors at an EGM.

The boardroom tussle, however, took a new twist after shareholders Tey Por Yee and Ooi Kock Aun obtained an ex-parte injunction on Nov 25 to stop executive vice-chairman and group MD Datuk Seri Chong Ket Pen and two other shareholders from voting at the EGM.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Protasco

Next In Business News

Malaysia's trade with major partners hits records RM1.127 trillion in Jan-April 2026 -Sim
Kee Ming's profit margins to normalise moving forward
Ringgit opens slightly higher against US$ amid US-Iran negotiations
FBM KLCI slips further, focus turns to bank earnings
Trading ideas: Exsim Hospitality, IJM Land, Gamuda, Oppstar, PMW, Censof, MyEG, TNB, Axiata, MISC, Sime Darby, MBMR, TMK, Lianson, BIMB, Cahya Mata
TNB REMAINS RESILIENT, FOCUSES ON STABLE SUPPLY AND VALUE FOR THE RAKYAT
Zetrix AI delivers higher bottom line
Paramount banks on U-Thant sales this year�
IJM Land in RM2bil Southern Catalyst JS-SEZ tie-up
Higher yields, borrowing costs test for Washington

Others Also Read