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Matex International Faces Boardroom Shakeup Amid Requisition Notice

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Matex International Faces Boardroom Shakeup Amid Requisition Notice

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Matex International Limited ( (SG:M15) ) has provided an update.

Matex International Limited has received a requisition notice for an extraordinary general meeting from CSF Fund I Pte. Ltd. and DBS Nominees Pte. Ltd. The notice aims to remove certain directors and change the management and board composition. The company is seeking legal advice and believes no further action is required at this time. Two directors have expressed dissent, suggesting the company should disclose its plans in response to the requisition.

More about Matex International Limited

Average Trading Volume: 584,221

Technical Sentiment Signal: Sell

Current Market Cap: S$11.35M

For detailed information about M15 stock, go to TipRanks’ Stock Analysis page.

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