The EGM seeks to remove Koh and Hwa Cheng and appoint eight new directors in marble and granite products manufacturer Stone Master. Stone Master major shareholders Datuk Karen Lee Fong Yin and Datuk Eii Ching Siew requisitioned the EGM. Meanwhile, Stone Master told Bursa Malaysia it received a writ and statement of claim from Starfield Capital Sdn Bhd, which is demanding RM18 million from Stone Master. Stone Master said Starfield Capital filed the claim dated May 26, 2017 via law firm Messrs Tan Norizan & Associates. Besides the RM18 million claim, Stone Master said Starfield Capital was also seeking other legal remedies including interest and cost.

Source: The Edge Markets May 30, 2017 04:30 UTC