Opus minorities asked to give up say over capital for JV with related party

Tue, 09 Apr 2013

April 10 (BusinessDesk) – Minority shareholders of NZX-listed engineering consultancy Opus International Consultants will this morning vote on whether to give up having a say on capital the company may pump into a Middle East joint venture with a Malaysian associate. The Wellington-based firm wants to set up a JV with Opus International (M) Bhd (OIMB), part of the Malaysian group that also owns 60 percent of Opus International Consultants and is ultimately controlled by Khazanah Nasional Bhd. While the Middle East is seen as a logical target...

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