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Nam Lee Clarifies Board Stance on Chairman’s Independence Ahead of EGM

Story Highlights
  • Nam Lee says a recent media article mixed prior disclosures, risking misunderstanding of its responses to shareholder queries before the 9 January EGM.
  • The board reiterates it has no concerns about Chairman Joanna Yong’s independence or oversight and has received no prior complaints from requisitioning shareholders.
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Nam Lee Clarifies Board Stance on Chairman’s Independence Ahead of EGM

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Nam Lee Pressed Metal Industries Limited ( (SG:G0I) ) has shared an update.

Nam Lee Pressed Metal Industries Limited has issued a clarification in response to a Business Times article that it says conflated details from its recent disclosures, potentially leading to misunderstandings about its responses to shareholder queries ahead of an extraordinary general meeting on 9 January 2026. The board reiterates that it has no concerns over the independence, decision-making or oversight responsibilities of Chairman cum Executive Director Ms Yong Li Yuen, Joanna in relation to prior whistleblowing and internal control matters, and confirms it has not previously received any formal or informal concerns from the requisitioning shareholders about her directorship, a stance aimed at reassuring investors and shaping perceptions amid an ongoing effort to replace the chairman.

More about Nam Lee Pressed Metal Industries Limited

Nam Lee Pressed Metal Industries Limited is a Singapore-listed company engaged in the manufacture and supply of pressed metal and related components, serving industrial and construction-related customers. The group operates in a regulated market environment where corporate governance, board independence and investor confidence are critical to its positioning and stakeholder relations.

Average Trading Volume: 269,716

Technical Sentiment Signal: Buy

Current Market Cap: S$156.1M

Learn more about G0I stock on TipRanks’ Stock Analysis page.

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