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The board tussle between two rival factions for control of Sabah-based Cepatwawasan Group Bhd intensified yesterday when a High Court injunction was served to the board to prevent the faction headed by Datuk Lo Fui Ming from exercising voting rights relating to a large number of shares, said to be between 10 million and 11 million or about 5% of the company's outstanding shares of 215.5 million.
Over 89% of the share capital of Dutch airline KLM has been tendered to Air France in a buyout offer which creates the world's largest airline by revenues.
Mitsubishi Motors Corp (MMC) shareholders approved at an EGM yesterday the appointment of a new president and chief executive, and the issue of new shares to raise badly needed new funds.
News briefs on: Southern Bank, United U-Li, Puncak Niaga, KFC Holdings, MESB, Chin Foh Bhd, HLG Capital, Axis Inc and Negara Properties.
News briefs on Public Bank, A M Realty and United U-Li.
I. Made Sudarta and his wife Emelda live in Gurun, Kedah, but this did not stop them from making the 150km journey to the Indonesian Consulate-General's office in Penang to exercise their voting rights.
Hyundai Elevator Co has scored an overwhelming victory over major shareholder Kumgang Korea Chemical Co (KCC) over management control of the de facto holding firm of Hyundai Group after chairwoman Hyun Jung-Eun received enough votes at the shareholders' meeting to secure a board seat.
By WONG CHUN WAI
New rules adopted at the recently concluded global meeting on biosafety will chart the path towards safer handling and transportation of genetically modified crops, writes TAN CHENG LI.
The glitter of being crowned the first Mrs World in 1984 may have dimmed, but Bernadine Rose Senanayake is still a sought-after public figure. Having devoted much of her professional life to promoting Sri Lanka, she is currently the Sri Lankan High Commissioner to Malaysia, a role she embraces with gusto.