Minority shareholders seek court order to access records for Kumpulan Jetson EGM to remove board
According to a filing with Bursa Malaysia, the shareholders, who claim to collectively own 10.
According to a filing with Bursa Malaysia, the shareholders, who claim to collectively own 10.
The first attempt to remove the board, involving a 10-member shareholder group, failed after the requisition was rejected in the same month.
Cheng Kiat, 77, established Bina Puri in 1975 and has served on its board since Nov 5, 1990.
On a back-of-the-envelope calculation, each unit would cost approximately RM256,998.
"To resolve this, we have devised a plan to determine which assets LTAT should retain a larger direct shareholding in and which should remain under Boustead’s management.
Under the previously scrapped "Project Moonshot", Boustead was to transition from a diversified conglomerate into a real estate-focused entity.
The properties, comprising two pieces of leasehold industrial land in Kawasan Perindustrian Gebeng, have a combined land area of about 17.
Introducing a new board of property managers doesn’t address any issues but instead opens doors to individuals lacking the education, credentials and qualifications required for property management.
It is interesting to note that currently, there is a critical lack of PMs (companies as well as individuals) registered by BOVAEP.
It consists of 811 units of double-storey houses with prices starting from RM250,000.