HEADLINES

Mahmud Abu Bekir Taib

Cahya Mata secures overwhelming shareholder backing despite financial strain, family feud

Near-unanimous AGM vote comes as the Sarawak conglomerate faces weak earnings, legal disputes and mounting scrutiny on its phosphates venture

High Court rejects Cahya Mata’s ad-interim injunction against Mahmud Abu Bekir

Company’s request to bar director from board meetings dismissed, further case management set for June 15

High Court sets May 20 to rule on Mahmud Abu Bekir’s director rights in Cahya Mata Sarawak dispute

Decision will determine if he can challenge the company’s injunction in bringing a derivative action

Cahya Mata deputy group chairman raises governance concerns over redesignation

Datuk Seri Mahmud Abu Bekir Taib claims he was excluded from board deliberations and informed only via public announcement, prompting plans to seek regulatory scrutiny over due process and disclosure practices

Timbalan pengerusi Cahya Mata dakwa lembaga guna ‘konflik kepentingan’ untuk elak pengawasan

Datuk Seri Mahmud Abu Bekir Taib mendakwa pengecualiannya daripada mesyuarat penting telah menjejaskan pengawasan kewangan

Popular

Petronas staff to be shown the door to make up losses from Petros deal?

Source claims national O&G firm is expected to see 30% revenue loss once agreed formula for natural gas distribution in Sarawak is implemented

InDrive faces termination for flouting guidelines

It is the second Russian e-hailing app after Maxim to face ban by Land Public Transport Agency

Over 23.6 million to benefit as new electricity tariff kicks in July 1

The Energy Commission has set a new average base tariff of 45.40 sen/kWh for RP4, slightly lower than before, bringing overall electricity costs down by up to 19% compared to the previous regulatory period