MBfH buyout needs 75% of minority vote

PETALING JAYA: MBf Holdings Bhd (MBfH) group chief executive officer Tan Sri Dr Ninian Mogan Lourdenadin will need to convince at least three quarters of the group’s so-called non-interested shareholders to accept his buyout proposal at today’s EGM.

But it won’t be a walk in the park for the medical doctor who has helmed MBfH since 2002. As it is, a group of minority shareholders is determined to hold out for a better offer.