LONDON (Alliance News) - Galasys PLC on Wednesday said its extraordinary general meeting has been postponed to a later date following an order made by the English High Court.
The company, which provides services to the leisure and entertainment industry in Asia, including ticketing and admission services, said earlier this month that Chief Executive Officer Seah Kok Wah and Executive Director Chuah Teong Ming had requisitioned a general meeting to remove Non-Executive Chairman Teh Kim Seng.
The proposals cover the removal of Teh Kim Seng, along with Non-Executive Director Garry Peagam, and to appoint Seah Kok Wah as executive chairman instead. Additionally, the pair are seeking to appoint Cheong Eng Tick, Richard Bennett and David Harris as non-executive directors.
The High Court, however, has ordered the meeting be adjourned to a later date and Galasys said it will make a further announcement on the meeting in due course.
Shares in Galasys were untraded early Tuesday, having last traded at 18.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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