Donaco shareholders unhappy with Lim brothers

Not even a 7% increase in the first quarter revenue made Donaco shareholders happy. Some stakeholders of the company have sought the removal of interim CEO Ben Lim Keong Hoe and former CEO Joey Keong Yew from the board. Spenceley Management Pty Ltd and Antonia Carolina Collopy have called for an unscheduled general meeting to determine how to remove Ben Lim Keong Hoe and Joey Keong Yew from the board. Under Australian law, once a meeting has been requested, it has to be held within two months.
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28th May 2019
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Donaco shareholders want the Lim bros. to be given the boot
Off with their heads

The Story

Not even a 7% increase in the first quarter revenue made Donaco shareholders happy. Some stakeholders of the company have sought the removal of interim CEO Ben Lim Keong Hoe and former CEO Joey Keong Yew from the board. Spenceley Management Pty Ltd and Antonia Carolina Collopy have called for an unscheduled general meeting to determine how to remove Ben Lim Keong Hoe and Joey Keong Yew from the board. Under Australian law, once a meeting has been requested, it has to be held within two months.

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