4th Nov 2015 10:03
LONDON (Alliance News) - Galasys PLC on Wednesday said it has received a court order in Malaysia contending two former directors should remain with the company.
Hee Chee Keong and Chin Chee Seong have entered the order with the High Court in Kuala Lumpur, Galasys said. Keong stepped down as chief financial officer in October, while Seong is a non-executive director.
The order requires the pair to be reinstated to the board of the company until a hearing is held on November 17. Galasys said it has hired a solicitor to help it resolve the situation.
Shares in Galasys, which which provides technology to Asian theme park operators, were down 30% to 18.20 pence on Wednesday, the worst performer in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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