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7-Eleven Malaysia Holdings Bhd chairman Datuk Seri Robin Tan Yeong Ching has stepped down “to pursue other interests”. He is succeeded by Farhash Wafa Salvador, the former political secretary to Prime Minister Datuk Seri Anwar Ibrahim. Tan, the son of 7-Eleven’s major shareholder Tan Sri Vincent Tan Chee Yioun with a 41.8% stake, was appointed to the group’s board as chairman, non-independent non-executive director on Nov 25, 2021. ....
PUTRAJAYA (Feb 26): The Federal Court today dismissed an appeal by Apex Equity Holdings Bhd and its unit JF Apex Securities Bhd, over the locus standi (legal standing) of its minority shareholders on their opposition to the merger with Mercury Securities Sdn Bhd. This follows Federal Court judge Datuk Vernon Ong Lam Kiat dismissing their appeal for leave to pose several questions of law to the apex court regarding Section 360 of the Capital Markets and Services Act on the powers of court to make certain orders. The question surrounds the locus standi (legal standing) of the applicants in filing the originating summons. The law on locus standi is settled. I do not think the leave question has passed the threshold for the court to grant leave. ....