Opus relents on JV capital plan, vows to consult minorities over future spending

Wed, 12 Jun 2013

June 12 (BusinessDesk) – Opus International Consultants, the NZX-listed engineering consultancy, has relented on plans to seek approval to make capital contributions to a Middle East joint venture in perpetuity. Chairman Kerry McDonald said Opus will seek approval from minority shareholders for any contributions to a JV with Opus International (M) Bhd (OIMB) that exceed 20 percent of its market capitalisation. The change of heart came after discussion at the company’s annual meeting yesterday, he said. OIMB is part of the Malaysian group tha...

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