Tan wins boardroom battle at Tanjung Offshore

Tan wins boardroom battle at Tanjung Offshore

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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