THE UMW Holdings Bhd-MBM Resources Bhd-Perodua saga continues to sizzle. In the latest development, Med-Bumikar Mara Sdn Bhd said it will oppose the application filed by Majlis Amanah Rakyat (Mara) over the appointments of two additional directors to Med-Bumikar’s board.
In a two-page statement issued yesterday, Med-Bumikar 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”.