Metronic Global to revert to Lee Kim Yew on special audit request


Tan Sri Lee Kim Yew owns 29% of Metronic Global or 328.51 million shares after the recent acquisition of 12 million shares on Aug 12.

KUALA LUMPUR: Metronic Global Bhd will revert to substantial shareholder Tan Sri Lee Kim Yew on Wednesday on his request for a special audit on the company's recent corporate exercises and its cash flow position.

In a statement issued on Tuesday, Lee – who is executive chairman of Country Heights Holdings Bhd – said Metronic would revert after the outcome of the board meeting on Wednesday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

EPF balancing between retirement mandate and supporting members' economic survival
Asian stocks hit by US tech slide, FX subdued
CelcomDigi emphasises its significant role in protecting customers from AI-related risks
China's largest auto show showcases all-electric future, local brands dominate
Unilever beats first quarter sales forecasts, sticks to 2024 outlook
Oil steady as market weighs US demand concerns, Middle East conflict risks
HeiTech Padu targets stronger earnings growth after returning to black in 2023
PBOC may up bond trading
Rafizi: Govt to share details on subsidy rationalisation mechanism
Deutsche Bank Q1 profit jumps 10% as investment bank outperforms

Others Also Read