<div>This article first appeared in <em>The Edge Financial Daily</em>, on October 6, 2016.<br />
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<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Multi Sports Holdings Ltd shareholders have approved the appointment of six independent directors to oversee and revamp the shoe manufacturer’s operations.</p></div>

<div class=newsTextDataWrapInner><p>Multi Sports told Bursa Malaysia that its shareholders had, at the company’s special general meeting yesterday, approved the appointment of Kasinathan Tulasi, Naren Anand Gill, Clarence Yeow Kong Chew, Cheh Chee Mun, Guan Swee Kee and Terence Selvarajah as directors.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Multi Sports major shareholder Paramjit Singh Gill had earlier requisitioned for the shareholders’ meeting.</p></div>

<div class=newsTextDataWrapInner><p>Paramjit said he wished to appoint the independent Malaysian directors to “investigate and regularise” the company’s operations.</p></div>

<div class=newsTextDataWrapInner><p>Trading of Multi Sports shares has been suspended since May 10, 2016 after the company failed to submit its annual report for financial year ended December 31, 2015 to Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Prior to the suspension, Multi Sports shares closed at 3.5 sen on May 9, 2016. The stock has fallen from 10.5 sen on Oct 7, 2015.</p></div>


This article first appeared in The Edge Financial Daily, on October 6, 2016.

 

KUALA LUMPUR: Multi Sports Holdings Ltd shareholders have approved the appointment of six independent directors to oversee and revamp the shoe manufacturer’s operations.
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Multi Sports gets new independent directors

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