{
  "id": 3431607,
  "title": "Pensonic CEO ousted after largest shareholder calls EGM",
  "url": "https://urgent.news/2026/08/26/pensonic-ceo-ousted-after-largest-shareholder-calls-egm",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T05:18:59.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1519019/pensonic-ceo-ousted-after-largest-shareholder-calls-egm"
  },
  "original_language": "en",
  "account": null,
  "summary": "Pensonic Holdings Bhd s CEO, Datuk Chew Chuon Jin, has been removed from his positions as director and group chief executive officer following a shareholder vote at the company's extraordinary general meeting (EGM). Sphere Corp Sdn Bhd, the company's largest shareholder with 17.51% stake, called for the meeting after submitting a notice under Section 311 of the Companies Act 2016. The EGM was convened, but the reason for Chew's removal was not provided. Trading in Pensonic was suspended for an hour on Wednesday, and the stock fell by up to 5.62% to 42 sen, valuing the company at RM68.57 million. Despite the drop, Pensonic's shares have risen about 10% this year.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}