SHS Holdings receives EGM requisition to remove independent director

The shareholders are Stone Robert Alexander, Thomas Clive Khoo, Lee Oon Gim, Tan Siew San, Lawrence Chia Boon Hoe, Esther Lee Siew Neo, Chia Soon Joo and Toh Boon Leong.

In their requisition letter to SHS, they state that Kong is a "better fit for the company given his many years of experience in key finance roles and management, including as CEO at a listed company."

Up till 2022, Kong was CEO of Darco Water Technologies.

The shareholders did not specify in their requisition notice why they only want to remove Chua but not the other two IDs.

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If Chua quits the board and Kong is appointed in his place, these shareholders will drop their EGM call.

SHS Holdings shares closed at 12 cents on Feb 2, up 3.33%.