KUALA LUMPUR, May 15 – Utusan Melayu (Malaysia) Bhd (Utusan) will take the necessary steps to appoint new independent directors in due course.
In a filing with Bursa Malaysia today, Utusan said it acknowledged the importance of complying with the Bursa Malaysia’s listing requirements on the composition of independent directors on the board of directors.
“The resignation of directors from May 12-15, 2018 was part of the group’s overall restructuring plan. In the meantime, our operations will continue as normal,” it said. — Bernama