EUDA Health board dispute escalates; director Chia removed, dissident resolutions rejected

EUDA Health Holdings Ltd

Board removed Leonard Chee Hyong Chia as director on May 14, 2023, citing disruptive conduct.
On May 12, 2023, Capes and Chia claimed 51.56% shareholder approval to remove three directors; board deems resolutions invalid.
Capes and Associates also purported to terminate CEO Wei Wen Kelvin Chen and CFO Steven Sobak effective May 13, 2023.
Remaining board comprises Eric Lew, Alfred Lim, and Wei Wen Kelvin Chen; Eric Lew is Chairman.
No legal action filed yet; company states it will vigorously defend against any challenges.

item 5.02 item 8.01

Executive movements

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Departed

Leonard Chee Hyong Chia

Director

EUDA · EUDA Health Holdings Ltd

Effective: 2023-05-14
Filed: May 19, 2023, 7:59 PM ET

the Register Board voted in favor of removing Leonard Chee Hyong Chia as a director of the Company effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Leonard Chee Hyong Chia was removed as Director at EUDA Health Holdings Ltd.

Action: removed
Role: Director

Exact text from the filing

the Register Board voted in favor of removing Leonard Chee Hyong Chia as a director of the Company effective immediately.

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EUDA Health Holdings Ltd filing history →

Source: SEC EDGAR

accession 0001493152-23-018259

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