MAS shareholders call for directors to step down
THE management of Malaysia Airlines (MAS) yesterday spoke vaguely about a "hard reset" for the loss-making national carrier amid angry calls by shareholders for the board of directors to step down for failing to ensure the airline's operational sustainability.
Disgruntled shareholders vented their frustration and hostility at the annual general meeting (AGM) at the carrier's headquarters; proceedings which dragged on for five hours had left them none the wiser about the airline's salvage plans.
A shareholder who identified himself only as Chong said: "It's hopeless; they should all leave."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients
Prudential’s Q1 new business profit down 2% at S$743 million