Sarawak businessman Mahmud Abu Bekir Taib has emerged as a substantial shareholder aligned to Johor princess Tunku Kamariah in her battle to replace the sitting board of directors.
Mahmud Abu Bekir , who acquired a 5.03% stake in KNM in the open market yesterday to make himself a substantial shareholder, is expected to lend his support to Tunku Kamariah in her battle to replace the current line-up in the board.Sarawak businessman Mahmud Abu Bekir Taib, who is a son of the sitting Sarawak governor Abdul Taib Mahmud, acquired a 5.03% stake in KNM in the open market yesterday to make himself a major player in the ongoing saga.
In her first statement on the saga surrounding the events that have led to the proposal to call for the EGM, Tunku Kamariah also touched on a wide range of issues, from statements on the pricing or valuation of KNM to her vision for the company over the next five years. By doing so, she said, the shareholders could prevent a potential lawsuit and “any undesirable outcome” for KNM.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sarawak opposition offers to help get more seats for SarawakSarawak DAP chairman says the proposed redrawing of the electoral map must ensure constituencies aren’t lopsided in terms of voter numbers.
Read more »
MAA Group throws support behind current KNM boardIt will vote against board member candidates proposed by German businessman Andreas Heeschen in the upcoming EGM.
Read more »
Go-Getter Muhaini Mahmud Fondly Remembered By Loved OnesKiddocare co-founder Muhaini Mahmud passed at the age of 44 after a near-drowning incident during the swimming leg of the triathlon.
Read more »
Peserta Ironman Langkawi 2023, Mui Mahmud Meninggal Dunia Selepas DitidurkanPeserta Ironman Langkawi 2023 iaitu Muhaini Mahmud yang dilaporkan meninggal dunia juga merupakan pengasas bersama syarikat Kiddocare.
Read more »
Rescued Ironman athlete Muhaini dies in hospitalMuhaini Mahmud was rescued during the swimming portion of the triathlon after suffering a health problem.
Read more »
Peserta Ironman Muhaini meninggal duniaMuhaini Mahmud berada dalam keadaan kritikal akibat lemas ketika acara renang.
Read more »