Power struggle unfolds at DFCity

DFCity Group Bhd’s sudden move towards an attempted boardroom purge – including the removal of an independent director – raises questions about corporate governance, shareholder intent and the balance of power in the small-cap listed company.

A group of shareholders holding 12.09% has requisitioned an EGM to remove three directors with immediate effect, including independent non-executive director Chong Yuen Shuen.