Zecon faces roadblock with director Bolhassan opposing privatisation


PETALING JAYA: Zecon Bhd director Datuk Bolhassan Di @ Ahmad Di has opposed the company’s proposed selective capital reduction (SCR) exercise that will pave the way for its privatisation.

The Sarawak-based construction outfit told Bursa Malaysia that it had received a letter from Bolhassan, who owns 11.50 million shares or a 9.66% stake, that he would vote against the SCR.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , zecon , selective capital reduction ,

   

Next In Business News

Boon or bane?
Bane or boon?
Staying RE-laxed in Malaysia
GDP growth on track with 5.3% 3Q expansion
Planters on better footing for monsoon
Beware the tax
It looks terrific for terraced houses
HR challenges in strata property
Ringgit to see tight trading amid cautious mode next week
PM Anwar: RM1.24bil potential export to Peru generated

Others Also Read