Pensonic shareholders vote to remove group CEO Chew Chuon Jin


Datuk Chew Chuon Jin

KUALA LUMPUR: Pensonic Holdings Bhd shareholders have voted to remove Datuk Chew Chuon Jin, 57, as a director and group chief executive officer (CEO) with immediate effect following an extraordinary general meeting (EGM).

In a filing with Bursa Malaysia, the electrical and electronic appliances company said all three ordinary resolutions tabled at the EGM on Aug 25 were passed by way of poll.

A total of 70.58 million shares, or 64.97% of the shares voted, backed the resolution to remove Chew as a director, while 38.06 million shares, or 35.03%, voted against it.

The same vote also saw shareholders approve Chew’s removal as group CEO with immediate effect.

Shareholders also approved a third resolution authorising the board and company secretary to take the necessary steps to implement the resolutions and make the required statutory and regulatory filings.

According to a separate Bursa filing, Chew, was removed as a director following the passing of the resolution at the EGM.

The company said the EGM was convened after it received a notice under Section 311 of the Companies Act 2016 from Sphere Corporation Sdn Bhd, a shareholder holding at least 10% of Pensonic's paid-up voting share capital.

Pensonic said Chew had no disagreement with the board and there were no matters relating to his removal that needed to be brought to shareholders' attention.

Chew is the son of Pensonic group executive chairman Datuk Seri Chew Weng Khak and the brother of group executive director Chew Chuon Fang.

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Pensonic , Chew Chuon Jin , EGM , director , CEO ,

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