, Singapore
Photo from SGX

SGX RegCo issues compliance notice to Asti Holding over failure to convene AGM

The company has yet to convene its FY2021 and FY2022 meeting.

Asti Holdings has received a notice of compliance from SGX RegCo for breach of the requirement to convene an annual general meeting (AGM).

According to the regulator, the company has yet to convene its AGM for FY21.

The company had earlier applied for an extension to hold its FY21 AGM on 7 September; however, it failed to conduct the meeting on the said date.

Asti Holdings has not conducted its AGM for FY22 and has not applied for an extension to convene the meeting.

SGX RegCo has required the company to remedy the breach and convene its FY2021 AGM and FY2022 AGM by 31 July.

“The AGMs are to be minimally held at a physical palace in Singapore. This will enable the board to address questions from shareholders at the physical meeting prior to shareholders casting their votes on a resolution to be made at the AGMs,” SGX RegCo said.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!