Straits Energy proposes dual-class shares to lift TMD Energy voting control to 96.15pct
Straits Energy Resources Bhd has proposed a dual-class share structure for its US-listed subsidiary TMD Energy Ltd, which would raise its voting power to 96.15 per cent while its equity stake stays at 65.08 per cent. The exercise, filed with Bursa Malaysia, needs TMD Energy shareholder approval at an AGM on Oct 7 and is expected to be completed by the fourth quarter of 2026.