Ong says he has collected 100 signatures to requisition for the three resolutions to be tabled at GEH's upcoming AGM.
According to the Companies Act, the company is entitled to receive notice of the next annual AGM, any resolution which "may properly be moved", from shareholders with not less than 5% of voting rights, or at least 100 shareholders.
Ong believes that GEH is trading at a significant discount to its embedded value of $36.59 per share because of the lack of liquidity. Oversea-Chinese Banking Corp holds 88% of GEH.
Additionally, Ong calculates that GEH has an excess of around $1.45 billion in risk-based capital, or around $3 per share.
