QT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors_老虎社区_美港股上老虎

QT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors

businesstimes2021-12-15

QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an ...

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color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 19:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193956051","content_text":"QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an earlier announcement, dated Dec 11, had questioned the validity of the resolutions.\nAccording to the requisitioning shareholders, 58.1 percent of votes cast were in approval of resolutions to remove Mimon Brosh, Sho Kian Hin and Ng Boon Eng as directors of the company.\nA total of 603.9 million votes were counted. The company had 2.3 billion shares outstanding as at Dec 10.\nThis latest twist comes after the same requisitioning shareholders, consisting of a company called Mission Well and an individual named Tansri Saridju Benui, had tried to install nominees of their own in QT Vascular's board at an EGM on Dec 6. But these resolutions were defeated, with 49.8 percent of shareholders voting for it. A total of 559.3 million votes were counted at that EGM.\nMission Well owned a 10.2 percent stake in the company as of Nov 16, or a total of 231.4 million shares, while Tansri Saridju Benui owned 50,000 shares.\nQT Vascular had previously said Wednesday's EGM could not be validly held, since an approval of all resolutions would leave the company without any directors and put it in breach of both the company's constitution and the Companies Act. The company also said that its directors would not attend the meeting.\nIn an email sent after the vote to QT Vascular's chief financial officer Kelvin Tong, and which was seen by The Business Times, Christian Kwok-Leun Yau Heilesen said the result was a \"clear indication\" of a lack of confidence in the company's current management.\nHeilesen, who is Mission Well's director, also said that requisitioning shareholders would proceed to convene a third EGM to appoint new directors. He requested a copy of the company's shareholder list by Dec 17. If the incumbents fail to provide the list, Heilesen also said the requisitioning shareholders would take necessary legal action to protect their interests.\n\"The incumbent directors' repeated attempts at obstructing and delaying the calling of the further EGM, especially now that their removal is impending, is clearly opportunistic and prejudicial to the interest of the company's shareholders,\" Heilesen said.\nIn a bourse filing on Monday (Dec 13) night, QT Vascular said it had applied to the High Court for formal guidance on why the EGM on Wednesday cannot be validly held.\nThe company also said it \"will not recognize\" any attempt by the requisitioning shareholders to hold a second vote and urged other shareholders to not recognize it as well.\nThe incumbent directors also plan to issue new shares to repay US$1 million of debt to creditors, including former chief executive Eitan Konstantino as well as 2 entities: MDIE and Emerald Apex.\nThe additional shares would represent 10.3 percent of QT Vascular's enlarged share capital, and could tip the balance of voting power against the requisitioning shareholders who are trying to oust the existing board.\nShares of QT Vascular were down S$0.001 or 16.7 percent to close at S$0.005 on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607552283,"gmtCreate":1639568819747,"gmtModify":1639568819860,"author":{"id":"3574593351580989","authorId":"3574593351580989","name":"adioman","avatar":"https://static.tigerbbs.com/9b3bef7bf72489ec0e7a95f55a6f24c1","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Go","listText":"Go","text":"Go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607552283","repostId":1193956051,"repostType":4,"repost":{"id":"1193956051","pubTimestamp":1639567214,"share":"https://www.laohu8.com/m/news/1193956051?lang=&edition=full","pubTime":"2021-12-15 19:20","market":"sg","language":"en","title":"QT Vascular shareholders vote to remove incumbent directors; 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third EGM being sought to appoint new directors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; 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color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 19:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193956051","content_text":"QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an earlier announcement, dated Dec 11, had questioned the validity of the resolutions.\nAccording to the requisitioning shareholders, 58.1 percent of votes cast were in approval of resolutions to remove Mimon Brosh, Sho Kian Hin and Ng Boon Eng as directors of the company.\nA total of 603.9 million votes were counted. The company had 2.3 billion shares outstanding as at Dec 10.\nThis latest twist comes after the same requisitioning shareholders, consisting of a company called Mission Well and an individual named Tansri Saridju Benui, had tried to install nominees of their own in QT Vascular's board at an EGM on Dec 6. But these resolutions were defeated, with 49.8 percent of shareholders voting for it. A total of 559.3 million votes were counted at that EGM.\nMission Well owned a 10.2 percent stake in the company as of Nov 16, or a total of 231.4 million shares, while Tansri Saridju Benui owned 50,000 shares.\nQT Vascular had previously said Wednesday's EGM could not be validly held, since an approval of all resolutions would leave the company without any directors and put it in breach of both the company's constitution and the Companies Act. The company also said that its directors would not attend the meeting.\nIn an email sent after the vote to QT Vascular's chief financial officer Kelvin Tong, and which was seen by The Business Times, Christian Kwok-Leun Yau Heilesen said the result was a \"clear indication\" of a lack of confidence in the company's current management.\nHeilesen, who is Mission Well's director, also said that requisitioning shareholders would proceed to convene a third EGM to appoint new directors. He requested a copy of the company's shareholder list by Dec 17. If the incumbents fail to provide the list, Heilesen also said the requisitioning shareholders would take necessary legal action to protect their interests.\n\"The incumbent directors' repeated attempts at obstructing and delaying the calling of the further EGM, especially now that their removal is impending, is clearly opportunistic and prejudicial to the interest of the company's shareholders,\" Heilesen said.\nIn a bourse filing on Monday (Dec 13) night, QT Vascular said it had applied to the High Court for formal guidance on why the EGM on Wednesday cannot be validly held.\nThe company also said it \"will not recognize\" any attempt by the requisitioning shareholders to hold a second vote and urged other shareholders to not recognize it as well.\nThe incumbent directors also plan to issue new shares to repay US$1 million of debt to creditors, including former chief executive Eitan Konstantino as well as 2 entities: MDIE and Emerald Apex.\nThe additional shares would represent 10.3 percent of QT Vascular's enlarged share capital, and could tip the balance of voting power against the requisitioning shareholders who are trying to oust the existing board.\nShares of QT Vascular were down S$0.001 or 16.7 percent to close at S$0.005 on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607552025,"gmtCreate":1639568631097,"gmtModify":1639568631223,"author":{"id":"3574593351580989","authorId":"3574593351580989","name":"adioman","avatar":"https://static.tigerbbs.com/9b3bef7bf72489ec0e7a95f55a6f24c1","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Keep it up","listText":"Keep it up","text":"Keep it up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607552025","repostId":1193956051,"repostType":4,"repost":{"id":"1193956051","pubTimestamp":1639567214,"share":"https://www.laohu8.com/m/news/1193956051?lang=&edition=full","pubTime":"2021-12-15 19:20","market":"sg","language":"en","title":"QT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors","url":"https://stock-news.laohu8.com/highlight/detail?id=1193956051","media":"businesstimes","summary":"QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at ","content":"<div>\n<p>QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>QT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; 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color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 19:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193956051","content_text":"QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an earlier announcement, dated Dec 11, had questioned the validity of the resolutions.\nAccording to the requisitioning shareholders, 58.1 percent of votes cast were in approval of resolutions to remove Mimon Brosh, Sho Kian Hin and Ng Boon Eng as directors of the company.\nA total of 603.9 million votes were counted. The company had 2.3 billion shares outstanding as at Dec 10.\nThis latest twist comes after the same requisitioning shareholders, consisting of a company called Mission Well and an individual named Tansri Saridju Benui, had tried to install nominees of their own in QT Vascular's board at an EGM on Dec 6. But these resolutions were defeated, with 49.8 percent of shareholders voting for it. A total of 559.3 million votes were counted at that EGM.\nMission Well owned a 10.2 percent stake in the company as of Nov 16, or a total of 231.4 million shares, while Tansri Saridju Benui owned 50,000 shares.\nQT Vascular had previously said Wednesday's EGM could not be validly held, since an approval of all resolutions would leave the company without any directors and put it in breach of both the company's constitution and the Companies Act. The company also said that its directors would not attend the meeting.\nIn an email sent after the vote to QT Vascular's chief financial officer Kelvin Tong, and which was seen by The Business Times, Christian Kwok-Leun Yau Heilesen said the result was a \"clear indication\" of a lack of confidence in the company's current management.\nHeilesen, who is Mission Well's director, also said that requisitioning shareholders would proceed to convene a third EGM to appoint new directors. He requested a copy of the company's shareholder list by Dec 17. If the incumbents fail to provide the list, Heilesen also said the requisitioning shareholders would take necessary legal action to protect their interests.\n\"The incumbent directors' repeated attempts at obstructing and delaying the calling of the further EGM, especially now that their removal is impending, is clearly opportunistic and prejudicial to the interest of the company's shareholders,\" Heilesen said.\nIn a bourse filing on Monday (Dec 13) night, QT Vascular said it had applied to the High Court for formal guidance on why the EGM on Wednesday cannot be validly held.\nThe company also said it \"will not recognize\" any attempt by the requisitioning shareholders to hold a second vote and urged other shareholders to not recognize it as well.\nThe incumbent directors also plan to issue new shares to repay US$1 million of debt to creditors, including former chief executive Eitan Konstantino as well as 2 entities: MDIE and Emerald Apex.\nThe additional shares would represent 10.3 percent of QT Vascular's enlarged share capital, and could tip the balance of voting power against the requisitioning shareholders who are trying to oust the existing board.\nShares of QT Vascular were down S$0.001 or 16.7 percent to close at S$0.005 on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607524568,"gmtCreate":1639567628862,"gmtModify":1639567816523,"author":{"id":"3576232257279797","authorId":"3576232257279797","name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Vr","listText":"Vr","text":"Vr","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607524568","repostId":1193956051,"repostType":4,"repost":{"id":"1193956051","pubTimestamp":1639567214,"share":"https://www.laohu8.com/m/news/1193956051?lang=&edition=full","pubTime":"2021-12-15 19:20","market":"sg","language":"en","title":"QT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors","url":"https://stock-news.laohu8.com/highlight/detail?id=1193956051","media":"businesstimes","summary":"QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at ","content":"<div>\n<p>QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>QT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 19:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193956051","content_text":"QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an earlier announcement, dated Dec 11, had questioned the validity of the resolutions.\nAccording to the requisitioning shareholders, 58.1 percent of votes cast were in approval of resolutions to remove Mimon Brosh, Sho Kian Hin and Ng Boon Eng as directors of the company.\nA total of 603.9 million votes were counted. The company had 2.3 billion shares outstanding as at Dec 10.\nThis latest twist comes after the same requisitioning shareholders, consisting of a company called Mission Well and an individual named Tansri Saridju Benui, had tried to install nominees of their own in QT Vascular's board at an EGM on Dec 6. But these resolutions were defeated, with 49.8 percent of shareholders voting for it. A total of 559.3 million votes were counted at that EGM.\nMission Well owned a 10.2 percent stake in the company as of Nov 16, or a total of 231.4 million shares, while Tansri Saridju Benui owned 50,000 shares.\nQT Vascular had previously said Wednesday's EGM could not be validly held, since an approval of all resolutions would leave the company without any directors and put it in breach of both the company's constitution and the Companies Act. The company also said that its directors would not attend the meeting.\nIn an email sent after the vote to QT Vascular's chief financial officer Kelvin Tong, and which was seen by The Business Times, Christian Kwok-Leun Yau Heilesen said the result was a \"clear indication\" of a lack of confidence in the company's current management.\nHeilesen, who is Mission Well's director, also said that requisitioning shareholders would proceed to convene a third EGM to appoint new directors. He requested a copy of the company's shareholder list by Dec 17. If the incumbents fail to provide the list, Heilesen also said the requisitioning shareholders would take necessary legal action to protect their interests.\n\"The incumbent directors' repeated attempts at obstructing and delaying the calling of the further EGM, especially now that their removal is impending, is clearly opportunistic and prejudicial to the interest of the company's shareholders,\" Heilesen said.\nIn a bourse filing on Monday (Dec 13) night, QT Vascular said it had applied to the High Court for formal guidance on why the EGM on Wednesday cannot be validly held.\nThe company also said it \"will not recognize\" any attempt by the requisitioning shareholders to hold a second vote and urged other shareholders to not recognize it as well.\nThe incumbent directors also plan to issue new shares to repay US$1 million of debt to creditors, including former chief executive Eitan Konstantino as well as 2 entities: MDIE and Emerald Apex.\nThe additional shares would represent 10.3 percent of QT Vascular's enlarged share capital, and could tip the balance of voting power against the requisitioning shareholders who are trying to oust the existing board.\nShares of QT Vascular were down S$0.001 or 16.7 percent to close at S$0.005 on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607525856,"gmtCreate":1639567390873,"gmtModify":1639567725040,"author":{"id":"3581765272832510","authorId":"3581765272832510","name":"Ahoon","avatar":"https://static.tigerbbs.com/81bb43fa20e6b2aea2bff0c8696c78c9","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/607525856","repostId":1193956051,"repostType":4,"repost":{"id":"1193956051","pubTimestamp":1639567214,"share":"https://www.laohu8.com/m/news/1193956051?lang=&edition=full","pubTime":"2021-12-15 19:20","market":"sg","language":"en","title":"QT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors","url":"https://stock-news.laohu8.com/highlight/detail?id=1193956051","media":"businesstimes","summary":"QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at ","content":"<div>\n<p>QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>QT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQT Vascular shareholders vote to remove incumbent directors; third EGM being sought to appoint new directors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 19:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/companies-markets/qt-vascular-shareholders-vote-to-remove-incumbent-directors-third-egm-being-sought","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193956051","content_text":"QT Vascular shareholders voted on Wednesday (Dec 15) to remove the company's incumbent directors at an extraordinary general meeting (EGM), although the result will be contentious given that an earlier announcement, dated Dec 11, had questioned the validity of the resolutions.\nAccording to the requisitioning shareholders, 58.1 percent of votes cast were in approval of resolutions to remove Mimon Brosh, Sho Kian Hin and Ng Boon Eng as directors of the company.\nA total of 603.9 million votes were counted. The company had 2.3 billion shares outstanding as at Dec 10.\nThis latest twist comes after the same requisitioning shareholders, consisting of a company called Mission Well and an individual named Tansri Saridju Benui, had tried to install nominees of their own in QT Vascular's board at an EGM on Dec 6. But these resolutions were defeated, with 49.8 percent of shareholders voting for it. A total of 559.3 million votes were counted at that EGM.\nMission Well owned a 10.2 percent stake in the company as of Nov 16, or a total of 231.4 million shares, while Tansri Saridju Benui owned 50,000 shares.\nQT Vascular had previously said Wednesday's EGM could not be validly held, since an approval of all resolutions would leave the company without any directors and put it in breach of both the company's constitution and the Companies Act. The company also said that its directors would not attend the meeting.\nIn an email sent after the vote to QT Vascular's chief financial officer Kelvin Tong, and which was seen by The Business Times, Christian Kwok-Leun Yau Heilesen said the result was a \"clear indication\" of a lack of confidence in the company's current management.\nHeilesen, who is Mission Well's director, also said that requisitioning shareholders would proceed to convene a third EGM to appoint new directors. He requested a copy of the company's shareholder list by Dec 17. If the incumbents fail to provide the list, Heilesen also said the requisitioning shareholders would take necessary legal action to protect their interests.\n\"The incumbent directors' repeated attempts at obstructing and delaying the calling of the further EGM, especially now that their removal is impending, is clearly opportunistic and prejudicial to the interest of the company's shareholders,\" Heilesen said.\nIn a bourse filing on Monday (Dec 13) night, QT Vascular said it had applied to the High Court for formal guidance on why the EGM on Wednesday cannot be validly held.\nThe company also said it \"will not recognize\" any attempt by the requisitioning shareholders to hold a second vote and urged other shareholders to not recognize it as well.\nThe incumbent directors also plan to issue new shares to repay US$1 million of debt to creditors, including former chief executive Eitan Konstantino as well as 2 entities: MDIE and Emerald Apex.\nThe additional shares would represent 10.3 percent of QT Vascular's enlarged share capital, and could tip the balance of voting power against the requisitioning shareholders who are trying to oust the existing board.\nShares of QT Vascular were down S$0.001 or 16.7 percent to close at S$0.005 on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6991601,"gmtCreate":1639571485210,"gmtModify":1639571485244,"authorId":3558609398993628,"author":{"id":3558609398993628,"authorId":3558609398993628,"name":"Kazmir","avatar":"https://static.tigerbbs.com/6fbf34248b52f1c38a9dc30ae20b49d8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607525856,"type":1,"supId":6991192,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":6991192,"gmtCreate":1639567677499,"gmtModify":1639567677597,"authorId":3570491248465992,"author":{"id":3570491248465992,"authorId":3570491248465992,"name":"Blurryw","avatar":"https://static.tigerbbs.com/a011010e57161d11562538eee0904d95","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607525856,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":38,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}