Nilai Resources privatisation may not be successful

PETALING JAYA: Minority shareholders of Nilai Resources Group Bhd (NRGB) who are unhappy with the group's proposed privatisation have a good chance of frustrating the exercise, according to the Minority Shareholder Watchdog Group (MSWG).

“It would only require 10% of disinterested shareholders who are present and voting to reject the proposal. All minority shareholders should attend the upcoming EGM to cast their votes if they are unhappy with the proposal,” MSWG chief executive ofρcer Rita Benoy Bushon told StarBiz.