Nam Lee Pressed Metal Industries Limited – Key Update on Extraordinary General Meeting (EGM) Requisition

Nam Lee Pressed Metal Industries Limited (Nam Lee or the Company) has issued a significant update regarding the requisition for an Extraordinary General Meeting (EGM) initiated by certain shareholders. This follows earlier announcements made on 21 November 2025 and 28 November 2025, after the Company received a formal requisition notice from shareholders seeking to convene an EGM.

Key Points for Investors

• Awaiting Regulatory Approval: The draft circular for the proposed EGM is currently under review by SGX RegCo (Singapore Exchange Regulation). The Company cannot proceed with convening the EGM until it secures this necessary regulatory approval.
• Next Steps: Once the SGX RegCo approves the draft circular, Nam Lee intends to proceed with convening the EGM as soon as practicable.
• Further Updates Promised: The Board has committed to providing shareholders with timely updates should there be any material developments related to the requisitioned EGM.

Important Considerations for Shareholders

• Potential Price Sensitivity: The outcome of the EGM, once convened, could have an impact on the Company’s strategic direction, governance, or other material issues depending on the resolutions to be tabled. As the details of the requisition and the circular have not yet been disclosed, investors should remain vigilant as any resolution could potentially affect share value.
• Caution Advised: The Company has explicitly advised shareholders to exercise caution when dealing in Nam Lee shares during this period of uncertainty. If shareholders are unsure how to proceed, they are encouraged to seek professional advice from their stockbrokers, bank managers, solicitors, accountants, or other professional advisers.

What This Means for the Market

The convening of an EGM at the request of shareholders is a noteworthy event and could be a prelude to significant changes within the Company. The review and approval process by SGX RegCo is a standard regulatory step, and once completed, the specifics of the resolutions to be discussed at the EGM will become public. Depending on the nature of these resolutions, there could be substantial implications for the Company’s governance, management, or strategy, all of which are matters investors should monitor closely.

Next Steps and Outlook

• The market will be watching closely for the SGX RegCo’s approval of the circular and the subsequent announcement of the EGM date and agenda.
• Shareholders should remain alert for further official communications from the Board, which will provide greater clarity on the matters to be discussed and voted upon at the EGM.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial professionals before making any investment decisions. The Company has advised shareholders to exercise caution, and future developments may materially affect the Company’s share price.

View Nam Lee Metal Historical chart here