11. The stake was sold by Eduardo Elberg, founder and former controlling shareholder.
12. William McMaster, the former shareholder, said the board granted severance benefits to the executives without approval from shareholders.
13. If the debtor company is now under receivership but its business is terminated, the rights and liabilities of the former shareholders and directors are reinstated.
14. Inco and Diamond Fields have both dismissed the lawsuit, filed by a group of former Exdiam shareholders.
15. The newspaper cited MAS Chairman Azizan Zainal Abidin as saying that the report accused Tajudin Ramli, the former controlling shareholder, and three other officials of management irregularities.
16. The payout will benefit thousands of small stockholders who hold debentures over the collapsed Equiticorp group, but none will be seen by former shareholders.
17. The payout will benefit thousands of small stockholders who hold debentures of the collapsed Equiticorp group, but none will be seen by former shareholders.
18. They include former shareholders, bank executives and those involved in past violation of bank rules, as well as those who incurred bad debts.