TOTM Technologies to hold general meeting to reshape board

The company has received requisition notices from five shareholders.

TOTM Technologies Limited will be holding an extraordinary general meeting to reshape its board of directors after receiving requisition notices from five shareholders.

This includes Khoo Thomas Clive, Wong Hong Eng, Ang Siew Joo, Teo Teo Lee and Tan Ah Ee, who collectively hold not less than 10% of the total number of paid-up shares of the company.

In its 20 January filing, TOTM says the shareholders are seeking to remove Aw Eng Hai as an independent director and Dhanie Tri Indrasto as the company’s non-executive director.

In addition to the proposed removals, the minority shareholders are requesting for Ryan Siek Wei Ting, Tan Ser Ko and Tan San-Ju to be appointed as independent directors of the company.