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Former Hong Kong minister Fred Ma leads rebels to breakaway shareholders’ meeting in challenge to Convoy’s incumbent board
Enoch Yiuenoch.yiu@scmp.com
© SCMP
Former minister Frederick Ma Si-hang (centre), pictured at Thursday’s meeting as Convoy’s Wan Chai headquarters. Photo: K. Y. Cheng
Convoy Global Holdings, one of Hong Kong s largest pension advisers, saw a dramatic twist in its boardroom tussle when a breakaway caucus of shareholders voted in six directors nominated by the second-largest shareholder to challenge the incumbent board.
The rebels, led by former Secretary for Financial Services and the Treasury, Frederick Ma Si-hang, said they are backed by shareholders with a combined 53.53 per cent of Convoy s voting rights. He led a walkout by scores of investors from Convoy s head office in Wan Chai just 20 minutes into a shareholders meeting hosted by the current board on Thursday evening. ....

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