Mara sues Med-Bumikar and six directors in boardroom tussle


Mara filed an originating summons against six directors of Med-Bumikar and the company to challenge the appointment of two new directors.

PETALING JAYA: Majlis Amanah Rakyat (Mara), the single largest shareholder in Med-Bumikar Mara Sdn Bhd, has gone to court in its battle to take control of the privately-held entity that controls MBM Resources Bhd.

Mara filed an originating summons against six directors of Med-Bumikar and the company to challenge the appointment of two new directors.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

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.
   

Next In Business News

Decarbonising cement: Are we ready?
After a homeowner passes
A stinky nuisance: When septic tanks burst
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Building a firm facade
Portfolio positioning under Trump era
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Sapura Energy ‘in a good place now’

Others Also Read