Niggling question on PNB’s voting rightsTHE role of Permodalan Nasional Bhd (PNB) in the takeover of the four highways by the Finance Ministry (MoF) has come into question.
By virtue of being a substantial shareholder of MMC Corp Bhd, a question has arisen if PNB can vote in the shareholder meetings of Gamuda Bhd and Lingkaran Trans Kota Bhd (Litrak). This is because PNB with 18% in MMC that owns 50% of Smart Holdings Bhd, is considered a substantial shareholder of one of the companies.
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