Tiger Synergy’s EGM declared invalid by Court


KUALA LUMPUR: An EGM called by Tiger Synergy Bhd’s board of directors that was scheduled to be held today has been declared invalid by the Kuala Lumpur High Court.

The Court yesterday also ruled that any adjournment of the special shareholders’ meeting, if convened, would be invalid and void.

“The company is seeking legal advice in respect of the said decision and the company will make further announcement on the development of the above matter as and when necessary, ” Tiger Synergy said in filing with Bursa Malaysia.

Earlier this week, it was reported that Safari Alliance Sdn Bhd (SASB), a substantial shareholder of Tiger Synergy, had filed a suit seeking to invalidate the EGM.

SASB claimed that the call for the Feb 20 EGM was issued by the current TSB board of directors after SASB had exercised its independent statutory rights as a substantial shareholder to convene an EGM on March 2,2020.

SASB had called for an EGM to replace the current directors of Tiger Synergy.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Digi posts net profit of RM304.55mil in 4Q, div of 3.9c/share
FBM KLCI rises slightly ahead of CNY week
Trading in Sime Darby Plantation suspended
Malaysia's external trade surpasses RM2tril in 2021
UEM Sunrise exceeds 2021 target with RM1.46bil sales
Malaysia's top placing on investment index underscores strong foreign investor confidence
Ringgit opens weaker as US economic data boosts greenback
BHIC appoints independent, non executive director
Axiata's proposed Link Net acquisition to create new synergies
FBM KLCI stays firm as elevated crude prices offer support

Others Also Read


Vouchers