Daihatsu Motor Corporation of Japan and Mitsui & Co. Ltd of Japan being the shareholders of Perodua Sdn Bhd.
KUALA LUMPUR: Med-Bumikar Mara Sdn Bhd (MBM) will oppose the application filed by Majlis Amanah Rakyat (Mara) over the appointments of two additional directors to its board.
In a two-page statement issued on Friday, MBM said the company and six of its directors would oppose Mara's application to “challenge the validity of the appointment of Datuk Mohd Ridzuan Abdul Halim and Sharifuddin Shoib as additional directors”.
StarBiz reported that Mara, the single largest shareholder in Med-Bumikar Mara Sdn Bhd, has gone to court in its battle to take control of the privately-held entity that controls MBM Resources Bhd
.
To recap, Mara filed an originating summons against six directors of Med-Bumikar and the company to challenge the appointment of two new directors.
Mara said in a statement on Thursday that it contended that the appointment of the two directors – Datuk Mohd Ridzuan Abdul Halim and Sharifuddin Shoib – was through a circular resolution and not through a properly convened board meeting,
“Both of them have no shareholdings in Med-Bumikar and have not received the consent of the shareholders representing more than 50% of the votes of Med-Bumikar to be appointed as directors of Med-Bumikar.
“Mara had also previously issued a letter to both Mohd Ridzuan and Sharifuddin to raise its objection against their appointment,” the government agency said on Thursday.
In the latest development, MBM said on Friday it would also take the appropriate actions to preserve the sanctity of MBM's commitments to its principals and partners – namely Daihatsu Motor Corporation of Japan and Mitsui & Co. Ltd of Japan being the shareholders of Perodua Sdn Bhd and also Hino Motors Ltd of Japan – and also its interest.
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