PETALING JAYA: Target 1 Sdn Bhd, the largest shareholder of South Malaysia Industries Bhd
(SMI) with a 30.67% stake, has clarified that the extraordinary general meeting (EGM) will proceed as scheduled, despite contrary statements from SMI.
Addressing recent claims and updates on the upcoming EGM, Target 1 said in a statement that SMI had yet to provide the required record of depositors (RoD) and general meeting record of depositors, dated Nov 22, 2024.
