KUALA LUMPUR (Aug 4): UMNO vice-president Datuk Seri Mohamed Khaled Nordin will resign as Boustead Holdings chairman effective tomorrow. In a separate statement, Boustead managing director Datuk Seri Mohammed Shazalli Ramly said Khaled has been very supportive of the Reinventing Boustead initiative that resulted in significant financial performance improvement for the group. “During his tenure with Boustead, we have seen significant positive progress that serves and protects the interest of our shareholders. Yesterday, UMNO president Datuk Seri Zahid Hamidi said a number of UMNO Federal lawmakers have signed a declaration letter indicating their withdrawal of support for Muhyiddin. Another UMNO lawmaker to resign his Federal post is Datuk Seri Shamsul Anuar Nasarah, who announced that he was quitting as the Energy and Natural Resources Minister.

Source: The Edge Markets August 04, 2021 11:41 UTC