SEE:Tussle at MC Payment continues as Oxley's Ching steps into fray
On May 10, MC Payment announced that it has received another letter from Ching dated May 4 requisitioning for an extraordinary general meeting (EGM) to approve the resolutions for the appointments of Ng, Shawn Ching, and himself, as well as two more individuals - Tan Chee Keong and Chee Kheng Hock - to the board.
MC Payment states that in his letter, Ching invited the board to “consider and appoint Johnny Chee and Henry Tan as independent directors”, together with Ching as a non-independent director to the board, in accordance with Article 115 of the company’s constitution.
Shares in MC Payment closed 1.5 cents or 3.75% lower at 38.5 cents on May 7.
