Mirzan became a substantial shareholder of SBI Offshore back in Sept 2014 after buying 10.8% of the company via a private placement at 26.05 cents per share.
SINGAPORE (June 29): Mirzan Bin Mahathir, chairman of SBI Offshore, was voted out by shareholders at the company’s annual general meeting earlier today.
According to the company in a filing to the stock exchange, 70.05% of the valid votes were against his reappointment, versus just 29.95% in favour.
