KUALA LUMPUR (Oct 5): Multi Sports Holdings Ltd's shareholders had yesterday approved the appointment of six independent directors to oversee and revamp the shoe manufacturer's operations.

Today, Multi Sports told Bursa Malaysia that Multi Sports shareholders had at the company's special general meeting approved the appointment of Kasinathan Tulasi, Naren Anand Gill, Clarence Yeow Kong Chew, Cheh Chee Mun, Guan Swee Kee and Terence Selvarajah as directors.

"Bursa Securities was informed on 4 October 2016 on the outcome of the SGM (special general meeting) of MSPORTS as follows: (i) The ordinary resolutions 1, 2, 3, 4, 5, 6, 7, 8 & 9 were passed by the shareholders present at the company's SGM held on Oct 4, 2016.

"(ii) The voting in respect of the ordinary resolutions was carried out by way of poll and the results were validated by Mr Lee Tiow Ghee, the scrutineer appointed for this purpose," Multi Sports said.

Multi Sports major shareholder Paramjit Singh Gill had earlier requisitioned the shareholders' meeting.

Paramjit said he wished to appoint the independent Malaysian directors to "investigate and regularise" the company's operations.

Trading of Multi Sports shares has been suspended since May 10, 2016 after the company failed to submit its annual report for financial year ended December 31, 2015 to Bursa Malaysia.

Prior to the suspension, Multi Sports shares closed at 3.5 sen on May 9, 2016. The stock had fallen from 10.5 sen on Oct 7, 2015.