THE founding families behind privately held Med-Bumikar Mara Sdn Bhd, which, in turn, owns a controlling stake in listed MBM Resources Bhd , may be low-profile but are seasoned businessmen (see chart).

Their business is tied to what is termed in corporate circles as “old money”, having interests in various sectors such as rubber, automobiles and property development.

Government agency Majlis Amanah Rakyat (Mara) is the single largest shareholder in Med-Bumikar Mara, while these family-owned companies control almost 65%, with individual family members from the family-owned entities owning the rest of the shares.

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