KUALA LUMPUR: Minority Shareholders Watchdog Group (MSWG) has agreed to step in to help protect the interest of Bright Packaging Industry Bhd's minority shareholders at the company's extraordinary general meeting (EGM) next month.
The move comes following a request by Bright Packaging's minority shareholders last week to seek assistance from MSWG in getting the company to appoint an independent auditor to conduct a special audit on the group.
Bright Packaging is involved in the manufacture of aluminium foil packaging materials for the tobacco industry,
The company's minority shareholders also want an explanation as to why Ernst & Young, the company's long-standing auditors, were replaced last year.
MSWG Senior Manager Research and Monitoring, Ng Hoon Ho, said the watchdog group would take necessary action to ensure that the interests of all minority shareholders were well protected.
"We will look into the matter," he told Bernama. - Bernama