81. He added that if existing shareholders did not want to buy their rights, Bayer AG, the majority shareholder, would buy their shares at the same prices. 82. He said Bumiputeras will remain the majority shareholder of such companies. 83. Instead, it will retain control over the company as majority shareholder, but Genentech will remain a publicly traded, independent company. 84. It was asgreed that they would repay their loans and Panton was told to step down as majority shareholder in the merchant bank and resign from the board. 85. It would also prevent practices in which bank majority shareholders pressured bank managements to adopt policies which could harm its public funds. 86. It said all prospective partners were in agreement that Kirch would remain the majority shareholder in the restructured group. 87. Kerkorian is the majority shareholder in the MGM Grand. 88. Khoo Kay Peng, chairman of MUI, is a friend of Robert Kuok, the majority shareholder of SCMP. 89. Judge Maryse Welter turned down a similar plan last year, ruling it was too favorable to the majority shareholders, and did not take small creditors into consideration. 90. Last week, Suez Lyonnaise said in Paris that it has acquired a further share of GDS and that it is now the majority shareholder. |