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Not saying a takeover is confirmed ah, but the corporate tussle is definitely getting serious. AGM resolutions were rejected, and there has been pressure to reshape the board. If both sides cannot settle, the next round could get even more interesting
One side pushing governance and board changes, the other side defending its financial support to the company. With Ng saying he has advanced substantial funds and now filing a winding-up petition, this is no longer just about who sits on the board