Another NatSteel EGM next week


  • Business
  • Thursday, 29 May 2003

SINGAPORE: NatSteel Ltd has decided to hold another EGM next week after yesterday's meeting failed to pass resolutions tabled by the company, shareholders at the meeting said. 

NatSteel decided not to put the resolutions to a vote because substantial shareholder Oei Hong Leong's representative informed the company beforehand that Oei, whose Sanion Entreprises holds a 29.99% stake in the firm, will vote against all the resolutions. 

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