Rashid Hussain Berhad's major shareholder is causing a stir
Rashid Hussain Berhad''s executive chairman is disconcerted by the decision of one of the company''s major shareholders to oppose its restructuring plan.
Is there no end to the corporate wranglings of Malaysia Inc? Recent events at Rashid Hussain Berhad (RHB) suggest not.In a hastily-arranged press conference, RHB’s executive chairman, Tan Sri Rashid Hussain, yesterday said he was “perplexed” by one of his major shareholder’s decision to oppose his restructuring plan.The major shareholder, Malaysian Resources Corporation Berhad (MRCB), has objected to a M$630 million ($165.79 million) equity issue. The equity was to be raised to pay fo…
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