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
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.
TRENDING NOW
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Fed hike throws Singapore banks a margin lifeline; UOB likely to benefit more
Luxury properties seized in S$3 billion money laundering case fail to sell at auction
US stocks: Tech leads Wall Street to higher close as oil eases, Treasury yields dip