Kuala Lumpur: In a surprise U-turn the faction led by Tan Kean Soon appears to have won the two-month long boardroom battle at Tanjung Offshore. He and three others were dumped from the board of the Malaysian firm in January, sparking off a bitter fight for control of the company with both sides accusing the other of financial misconduct.
In a series of releases to the Kuala Lumpur Stock Exchange this afternoon the board said it had unanimously agreed to lift the suspension imposed on Tan and three other board members with immediate effect. With their return, other foes have departed, notably American citizen George Warren, who resigned today amid a dramatic shift in the boardroom make up that also sees lawyer Mohd Hafarizam bin Harun, 42, appointed as chairman.
