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THE latest accounting scandal at Germany’s Wirecard AG has once again demonstrated the importance of governance within the fintech sphere
PETALING JAYA: Rubberex Corp (M) Bhd, a small-cap glove maker, attracted interest following a change in shareholding, which saw the entry of Datuk Ong Choo Meng as the single largest shareholder with a 31.33% stake.
KUALA LUMPUR:MBM Resources Bhd has received a notice from its largest shareholder, Med-Bumikar Mara Sdn Bhd to propose Datuk Aminar Rashid Salleh as director in the company.
PETALING JAYA: UMW Holdings Bhd’s bid to increase its stake in Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has fallen through, with the offer expiring today.
SHAH ALAM: UMW Holdings Bhd will not review its offer price for a controlling stake in MBM Resources Bhd at this juncture. But the diversified conglomerate says it will keep an open position so that it can continue to engage with the parties involved in the deal.
PETALING JAYA: The board of MBM Resources Bhd is expected to seek a higher price from UMW Holdings Bhd in the takeover offer for the former.
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.