Wednesday, October 20, 2010

Jetson down after rival group initiates notice to call EGM

KUALA LUMPUR: KUMPULAN JETSON BHD [] shares dipped in early trade on Wednesday, Oct 20 after a rival faction led by managing director Datuk Teh Kian An initiated a requisition notice for an EGM to remove a board member, seen as a proxy to another camp led by the Naza brothers.

At 9.25am, Jetson was down three sen to RM1.20 with 5,000 shares traded.

Jetson said it had received the requisition notice and another special notice of intention to remove Chow Chee Kin from the board of the CONSTRUCTION [] outfit.

Jetson shareholders seeking the EGM to remove Chow are Adiljaya Sdn Bhd, Citigroup Nominees (Tempatan) Sdn Bhd (pledged securities account for Tee Chee Beng), Teh Kian An, Leng Ah Chu, Tee Chee Beng, Tee Keng Kok, K K Tee Holdings Sdn Bhd, Teh Tiong, Teh Siow Wee and Citigroup Nominees (Tempatan) Sdn Bhd (pledged securities account for Teh Kian An).


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