Hoe Leong re-appoints executive director 2 days after his failed re-election

At the AGM, 100 per cent of the votes were against his re-election. Mr Liew, 64, was at the time chairman of the board, a member of the nominating committee, and the chief executive officer .

In contrast, the re-election of two other directors passed with full support. The resolution to issue shares to Mr Liew as the chief executive officer as part of his remuneration package also failed.On June 26, Mr Liew was re-appointed as an executive director, board chairman and member of the nominating committee.

The trader also said Mr Liew's appointment will be subject to a shareholder vote at the next general meeting, which should coincide with the presenting of proposals to shareholders for several pending corporate actions, including the proposed amendments to the constitution, or the proposed disposal of two of its vessels.

He was appointed as CEO last October, and was made a director a month later. His then appointment was with the support of UOB and DBS, Hoe Leong said in the response to SGX. Trading in the company's shares was suspended last September, after the company Hoe Leong was issued a statutory demand from UOB for the payment of a loan of some S$5.7 million, it has been reported.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

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