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%).

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Nextgreen inks MoU with Kelantan govt for projects worth RM2.23bil Premium
Lagenda Properties in 50:50 JV with Inta Bina Premium
Jiankun undertakes RM1.2bil GDV redevelopment project in Kampong Bharu Premium
MoF confident customs dept can achieve va programme target Premium
IGB Reit Q4 net profit rises to RM73.59mil Premium
Khairussaleh resigns as RHB group MD/CEO Premium
AWC secures RM7.12mil contract from KTMB Premium
Hong Seng's healthcare arm HS Bio acquires two industrial properties Premium
Bursa Malaysia rebounds on bargain hunting Premium
AirAsia X targets Asia cargo market in deal with logistics firm Premium

Others Also Read