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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Protasco

   

Next In Business News

T7 Global bags PETRONAS Carigali job
Yinson anticipates transition to stable growth phase
FBM KLCI rises, bucks wider Asian trend
CIMB Bank inks collaboration with Shanghai Pudong Development Bank
Gamuda shares rise at mid-morning after positive 1Q25
Global EV sales hit third consecutive record high
Ringgit flat vs US$, strengthens vs major currencies
FBM KLCI rebounds after five straight days of losses
Trading ideas: GDB, Kitacon, Paramount, Uni Wall, Homeritz, Dataprep, Kerjaya, Solarvest, YTL Power, Gamuda, Bermaz, Ecoworld Malaysia
Oil settles flat as markets weigh IEA surplus forecast

Others Also Read