Uphill task awaits troubled Transmile


  • Business Premium
  • Wednesday, 18 Jun 2008

PETALING JAYA: Embattled Transmile Group Bhd faces an uphill task to convince shareholders to vote for its proposed debt-to-equity conversion at its EGM today.

Its major shareholders include Kuok Brothers Sdn Bhd with 17.8% stake or 48.1 million shares, Pos Malaysia Bhd (14.99%), Capital Group International Inc (9.73%) and Emerging Markets Growth Fund Inc (5.63%).

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