KUALA LUMPUR, A group of Greenyield Bhd shareholders, led by Tham Chong Sing, has issued a fresh notice to convene an extraordinary general meeting (EGM) seeking the removal of the company’s non-executive chairman, Tham Foo Keong — his brother — amid a continuing family dispute for control of the group.
The move comes after three independent directors — Saryani Che Ab Rahman, Supramaniam R Ramasamy, and Mohd Ghozali Yahaya — resigned on Oct 1, just days after the board rejected the shareholders’ earlier EGM request. The trio cited personal reasons for their departure.
The shareholder group — comprising Chong Sing, Chew Kee Foo, Foong Sai Cheong, and DKIC Capital — collectively controls more than 10% of Greenyield’s shares. They are now renewing efforts to restructure the board, maintaining their earlier proposal to appoint the same slate of new directors. Notably, two current directors — Foo Choon and his son Kin Shun, who align with Chong Sing’s faction — are not being targeted for removal.
The proposed new directors include:
-
Voon Sze Lin
-
Tham Kin Yiq
-
Tham Kin Wai
-
Chong Sin Hao
Proposed independent directors:
-
Syakur Mohd Suhaimi
-
Kamarudin Md Derom
-
Lee Kim Hong
Founded in 1937 by the Tham family, Greenyield manufactures and markets agro-tech products. Foo Keong remains the largest shareholder with a 17.31% stake, followed by Chong Sing with 13.06%, Foo Choon with 12.99%, and Fau Sin with 10.89%.
At Thursday’s close, Greenyield’s shares were unchanged at 19 sen, giving the company a market capitalisation of RM105.3 million. The stock has declined 19.15% year to date.
