Two Kamdar shareholders cite departments' poor performance for ousting directors

KUALA LUMPUR: Two shareholders of Kamdar Group (M) Bhd, who collectively own more than 10% stake, cited the poor performance of two departments as the reason to have three directors replaced.

In a circular to shareholders on Friday, it cited Bipinchandra Balvantrai and Gautam Kamdar Bipinchandra's proposal to remove Kamal Kumar Kishorchandra Kamdar, Rajesh Kumar Gejinder Nath and Liang Ah Wah @ Frank Liang from the board with immediate effect.