KUALA LUMPUR: Kumpulan Jetson Bhd yesterday announced that a requisition for an extraordinary general meeting (EGM) to vote on the removal of its board of directors was deeemed invalid and defective.
On Dec 8, a group of ten minority shareholders issued a notice of requisition to remove the current directors and replace them with Tee Chee Beng, Datuk Seri Mohmad Salleh, Chuan Sieh Yee, Joe Tee Chang Chee Lup, Boey Sook Yen and Melvin Ong Kok Ho.
Kumpulan Jetson said, upon checks on the record of depositors as at Dec 8, 2023, the company's secretarial agent and share registrar Securities Services (Holdings) Sdn Bhd found that the shareholders who called for the meeting held less than the requisite 10 pe rcent needed to call for an EGM.
The filing with Bursa Malaysia Securities Bhd yesterday, went on to state that the number of Jetson shares held by certain requisitionists, i.e. Lee Yee Wee, Shaun Sai Wen Fei, Teo Chor Eng, Tey Giap Leong and Muhd Alamin Bin Ramli, as at Dec 8, 2023 was wrongly stated in the notice.
It also found that Jason Ching Chou-Yi, another requisionist on the list, did not hold any Jetson Shares as at Dec 8, 2023 and hence was not a member of the company to qualify for requisitioning the directors of the company to convene the EGM.
"Therefore, the company and its board of directors are unable to accede to the requisitionists to convene the proposed EGM pursuant to Section 311 of the Act in light of the defective, invalid, wrongful, unconstitutional and unlawful notice which is non-compliant with the mandatory requirements of the Act," the company said in its filing.
