MARKETS

MMA board challenged

MMA Offshore is fighting off moves by its biggest shareholder, Singapore hotels tycoon Michael Kum’s Halom Investments, to overthrow its board, conduct a strategic review and address the Perth-based company’s leverage.

Jeffrey Weber.

Jeffrey Weber.

Halom, which has 18.09% of MMA, wants to replace chairman Anthony Howarth and managing director and CEO Jeffrey Weber with Jeffrey Mews and Ajaib Hari Dass - a move MMA has urged its shareholders to reject....

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