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SHS Holdings Ltd. ( (SG:566) ) has issued an announcement.
A group of requisitioning shareholders holding about 21.36% of SHS Holdings Ltd.’s issued share capital has formally called for an extraordinary general meeting (EGM) to vote on changes to the company’s board. The proposed resolutions include the removal of Director Chua San Lye from the board and all related appointments, the appointment of Kong Chee Keong as an independent director, and the potential removal of any directors appointed between the date of the requisition and the EGM, each to be voted on separately by shareholders. The move signals a significant shareholder-driven push to reshape SHS Holdings’ board composition and governance direction, and the company has indicated it will update investors on material developments as the situation evolves.
The most recent analyst rating on (SG:566) stock is a Hold with a S$0.14 price target. To see the full list of analyst forecasts on SHS Holdings Ltd. stock, see the SG:566 Stock Forecast page.
More about SHS Holdings Ltd.
SHS Holdings Ltd., incorporated in Singapore, is the holding company of a group of subsidiaries collectively referred to as the Group. While this announcement does not detail its specific business segments, SHS operates as a listed corporate group with a dispersed shareholder base and a board structure subject to shareholder oversight through general meetings.
Average Trading Volume: 59,062
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$80.91M
See more data about 566 stock on TipRanks’ Stock Analysis page.