Three London Biscuits shareholders seek EGM to remove two directors

KUALA LUMPUR (Dec 23): A trio of London Biscuits Bhd shareholders that claim to hold 10% of the group’s shares are seeking an extraordinary general meeting (EGM) to vote to remove directors Mahadir Manap and Tan Meng Hui.

In a bourse filing, the confectionary manufacturer said it had received on Dec 20 a letter from shareholders Lai Yee Voon, Mak Siew Wei and Koo Kien Yoon stating that they were calling for the EGM to remove independent and non-executive director Mahadir and executive director Tan from the group’s board.

In addition, the trio are pushing for Mazlan Mohamad, Mak Siew Wei and Koo to be appointed as directors.

The EGM is to be held on Jan 31, 2020.

Mahadir was only just appointed to the London Biscuits’ board on July 26 while Tan was an even more recent appointment, having joined the confectioner’s board on Sept 10.

London Biscuits said it would be seeking legal advice on the matter and convene a directors’ meeting in due course.

London Biscuits shares closed one sen or 8.7% higher at 12.5 sen, valuing the group at RM36.35 million.