Call for EGM by Jetson’s minority shareholders deemed invalid

PETALING JAYA: The requisition by 10 of Kumpulan Jetson Bhd’s minority shareholders to convene an EGM to remove six of the company’s board of directors has been deemed invalid.

In a filing with Bursa Malaysia, Jetson said that pursuant to Section 311(3) (a) of the Companies Act 2016, the 10 minority shareholders convening the EGM would need to have 10% of the company’s paid-up capital to carry the right of voting at meetings.