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KUALA LUMPUR: Shareholders holding slightly more than 10 per cent stake in Jentayu Sustainables Bhd has initiated legal proceedings in the High Court to protect governance at the company.
Jentayu Sustainables Bhd (KL:JSB) has cautioned that the legal challenge filed against its Dec 4 extraordinary general meeting (EGM), if prolonged, may result in delays to the implementation and financing timeline of its Project Oriole hydropower development in Sabah.
The voting patterns at Jentayu Sustainables Bhd’s (KL:JSB) annual general meeting (AGM) and extraordinary general meeting (EGM) last week clearly showed a group of shareholders holding a 30% block of the company’s shares being discontented with the management and the board. The block, representin...
Jentayu Sustainables Bhd (KL:JSB) said it has been served with an originating summons and injunction application by shareholder Andy Lai Wee Young, who is challenging the company’s decision to postpone its extraordinary general meeting and seeking to invalidate the resolutions passed on Dec 4.
Major shareholders of Jentayu Sustainables Bhd (KL:JSB) have rejected the company’s proposal to acquire a 100% interest in Jentayu Solar Sdn Bhd, a company owned by its managing director Datuk Beroz Nikmal Mirdin's investment vehicle, at its extraordinary general meeting (EGM) to gain shareholders approval for the transaction on Thursday.
In a filing with Bursa Malaysia, JSB said 73 shareholders, collectively holding 153.88 million shares or 60.39% of its issued capital, voted against two resolutions tied to the corporate exercise. 112 shareholders holding 39.6% of the shares voted for the resolutions.
KUALA LUMPUR: Jentayu Sustainables Bhd shareholders have rejected two key proposals at the company's extraordinary general meeting (EGM), including its plan to acquire full control of Jentayu Solar Sdn Bhd.
KUALA LUMPUR: A shareholder of Jentayu Sustainables Bhd is trying to stop the company's Dec 4 extraordinary general meeting (EGM), arguing that the meeting is not legally valid.