Thursday, July 12, 2007

Amin Shah Booted From Bolton's BOD

Taken from The Malaysian Reserve (Thu, July 12 07)

"The majority of shareholders of property developer Bolton Bhd have voted against Tan Sri Amin Shah Omar Shah remaining a board member of the company. Chairman Datuk Mohamed Azman Yahya said 68% of the shareholders, reprsenting more than 140 million owners of the company sharesm decided to vote against the re-eletion of Amin Shah"

Among the bone of contentention mentioned in the news is the dissatisfaction over the lack of commitment of Amin Shah, by virtue of his poor attendance to the board meeting. With an almost 22% stake in the company, he is the single largest individual shareholder of the company.

Without any more representation on the board, one wonders whether he will still retain the stake.

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