Irate SBI Offshore investors grill Mirzan Mahathir at EGM

Some wonder if the exec chairman is devoting enough time to firm to ensure it remains viable

Anita Gabriel

Published Thu, Oct 4, 2018 · 09:50 PM

Singapore

THE relatively poor turnout at Catalist-listed SBI Offshore's extraordinary general meeting (EGM) on Thursday underscored the shareholder fatigue over the company's dismal performance.

But those who turned up - around 20 shareholders or about half the usual turnout for similar meetings in the past - vented their anger at the three-member board helmed by executive chairman Mirzan Mahathir, who is also the eldest son of Malaysia's Prime Minister Mahathir Mohamad.

One of the grouses was that shareholders were being asked again to vote on three resolutions, including proposed payment of directors' fees for FY2017 and FY2018, which had been tabled only six months ago at the company's annual general m…

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