Latest news with #Shahriman
New Straits Times
28-05-2025
- Sport
- New Straits Times
Paralympic heroes set to be immortalised on Pos Malaysia stamps
KUALA LUMPUR: Malaysia's paralympic heroes will be featured on a special set of postage stamps made by Pos Malaysia. The Malaysian Paralympic Council (MPC) unveiled the design for the stamps, which are expected to be available for purchase in September, in Kuala Lumpur today (May 28). MPC president Datuk Seri Megat D Shahriman Zaharudin said the stamp collection is to honour the achievments of Malaysia's top paralympic athletes. "We are expecting the stamps to be available by September and the public can purchase them then to either use or to keep them as memorabilia," said Shahriman. "This is to show the athletes that we really appreciate them for their contributions to the country. "It is also to elevate them (athletes) and remind ourselves of how lucky we are to have them." Sprinter Ridzuan Puzi, who is the first Malaysian to win a gold medal at the Paralympics (Rio 2016), and fellow Paralympic gold medallists Ziyad Zolkefli (shot put), Latif Romly (long jump), Bonnie Bunyau Gustin (powerlifting) and Cheah Liek Hou (badminton) are among those featured on the stamps. MPC is also producing a coffee table book - Majlis Paralimpik Malaysia, Nadi Kejayaan Atlet Para Negara - to commemorate their 35th anniversary. Shahriman hopes to further strengthen MPC in the coming years. "Our vision is to be self-sustainable and be able to consistently organise events and competitions for almost 30 sports under us," said Shahriman. "We want to create more athletes and give them a clear development pathway to follow. "We want to make sports a legitimate career for them, just like it is in the United States and United Kingdom." MPC also signed a memorandum of understanding (MoU) each with Go Sport Ventures Sdn Bhd, GMAT Sdn Bhd, Media Communication (M) Sdn Bhd and Malaysian Hospitality Association, whom MPC will be partnering in various projects moving forward.
Free Malaysia Today
21-05-2025
- Business
- Free Malaysia Today
No documents to prove Sapura a family business, founder tells court
Shahriman Shamsuddin wants the Kuala Lumpur High Court to wind up Sapura Holdings Sdn Bhd, citing an irreparable breakdown of mutual trust and confidence between elder brother Shahril and himself. KUALA LUMPUR : The founder of the Sapura group admitted in the High Court today that there was no documentary evidence to prove Sapura Holdings Sdn Bhd (SHSB) was a family company. Shamsuddin Abdul Kadir, 90, was testifying in a petition brought by his son Shahriman, 56, seeking to wind up SHSB. SHSB is the parent company to more than 40 subsidiaries valued at RM832 million. The group includes listed entity Sapura Resources Bhd. Shahril, 63, and Shahriman each own a 48% stake in SHSB, with the remaining 4% held by Rameli Musa, 79. In an affidavit affirmed on Feb 3, Shamsuddin took issue with Shahril and Rameli's denial that SHSB was always intended to be a family company and that the relationship between shareholders was premised on mutual trust and confidence. 'I am quite taken aback by their denial as it was not a subtle understanding and it was repeated throughout the years and informed in many meetings and decisions,' the affidavit read. Cross-examined by counsel Ranjit Singh, representing Rameli, Shamsuddin conceded he had no documents to back up that claim. Ranjit: Although you said that you had repeated it throughout the years in many meetings and decisions, (do you agree) there's no document that you can produce to prove what you said? Shamsuddin: No document. It was an understanding. Ranjit: In various parts of your affidavit, you said SHSB remains a family company. I put it to you that originally, when you and your wife were the shareholders, it was a family company, but with Rameli's introduction (as a shareholder), that concept of family company ceased. Shamsuddin: I disagree. Asked by Ranjit about Rameli's role if a dispute arose between the brothers, Shamsuddin said it was not his intention that Rameli would align himself with either one of them to form a decision-making majority. Ranjit: Your sons may have differing views on different issues. So assuming one of your sons said 'yes', and the other said 'no', would you accept that Rameli could use his judgement and break the deadlock? Shamsuddin: Correct. Ranjit: I put it to you that when you said it was not your intention that Rameli would align himself to any of the brothers to form a majority, that is a false statement because he has to make his own judgement. Shamsuddin: My intention was for them to work together. The cross-examination of Shamsuddin will continue before Justice Leong Wai Hong on May 15. The hearing was scheduled to begin yesterday, but was postponed to today to facilitate settlement negotiations. FMT understands that those talks are ongoing. In the petition filed in September last year, Shahriman said the winding-up was necessary due to an irreparable breakdown of mutual trust and confidence between Shahril and himself. SHSB, Shahril, and Rameli, all named as respondents, oppose the petition. They claim SHSB was never intended to be a family company and that it would not be just and equitable for the company to be wound up. Lawyers Rabindra S Nathan appeared for Shahril, while Idza Hajar Ahmad Idzam represented SHSB.
Free Malaysia Today
21-05-2025
- Business
- Free Malaysia Today
‘Family values' take centre stage in Sapura winding-up trial
Shahriman Shamsuddin wants the High Court to wind up Sapura Holdings Sdn Bhd, citing a breakdown of mutual trust and confidence with elder brother Shahril. KUALA LUMPUR : 'Family values' and a letter written last year by Sapura founder Shamsuddin Abdul Kadir to his two sons took centre stage at the hearing of a petition to wind up Sapura Holdings Sdn Bhd (SHSB) at the High Court today. Shamsuddin Abdul Kadir. Shamsuddin, who was testifying as a witness for his younger son, Shahriman, the petitioner, had made reference to family values in a letter he penned in July 2024. Under cross-examination, counsel S Rabindra, representing elder son and second respondent, Shahril, suggested that the 90-year-old patriarch had himself disregarded family values when he sued his two sons in 2012. Rabindra: Far from embodying family values, the fact that you proceeded to sue your sons in 2012 shows that you were pursuing your own interests. Shamsuddin: I don't agree. Rabindra: The fact that you once sued your sons and threatened to sue them again makes the reference to values in the letter seem of little value itself. Shamsuddin: I don't agree. In his testimony, Shamsuddin acknowledged that he had not mentioned the 2012 suit against his sons in his autobiography, A Driver's Son. However, he disagreed with Rabindra's suggestion that the omission made the recollection recorded in his book unreliable and selective. He also rejected another of the lawyer's suggestions that he had written the letter in anticipation of, and in preparation for, the petition filed in September last year — or that someone else had advised him to write it. Under re-examination by S Gopal, representing Shahriman, Shamsuddin sought to explain the alleged inconsistency between the letter and his actions in suing his sons. Gopal: Could you tell the court why you brought this suit against Shahril, Shahriman, and Brothers Capital Sdn Bhd? Shamsuddin: After I agreed to transfer the properties and the 15% share in SHSB (to Brothers Capital), I didn't get any benefit, although they had promised I would benefit from it. I told my sons to return my properties and the 15% they took. Gopal: My learned friend suggested that suing your sons was inconsistent with what you said about family values and interests. You disagreed. Why? Shamsuddin: I sued them because they didn't keep their promise. Gopal: It was also suggested to you that, after suing Shahril and Shahriman, the family values you spoke of no longer existed. You disagreed. Why? Shamsuddin: Because it's still a family company. The court also heard that the suit was resolved in 2013. The trial before Justice Leong Wai Hong continues tomorrow. Shahriman is seeking to wind up SHSB, the parent company of more than 40 subsidiaries valued at RM832 million. The group includes the listed entity Sapura Resources Bhd. Shahril and Shahriman each own a 48% stake in SHSB, with the remaining 4% held by Rameli Musa. In the petition filed in September last year, Shahriman said the winding up was necessary due to an irreparable breakdown of mutual trust and confidence between him and Shahril. SHSB, Shahril and Rameli, all named as respondents, are opposing the petition. They claim SHSB was never intended to be a family company, and that it would not be just and equitable for it to be wound up.
Free Malaysia Today
22-04-2025
- Business
- Free Malaysia Today
Sapura Holdings winding-up petition adjourned as Shahriman calls father to testify
Shahriman Shamsuddin wants the High Court to wind up Sapura Holdings Sdn Bhd, citing a breakdown of mutual trust and confidence with elder brother Shahril Shamsuddin. KUALA LUMPUR : The hearing of a petition seeking to wind up Sapura Holdings Sdn Bhd (SHSB) was adjourned by the High Court here today just as the petitioner Shahriman Shamsuddin was about to call his 90-year-old father to testify. Justice Leong Wai Hong adjourned proceedings to tomorrow just before Shamsuddin Abdul Kadir was to be cross-examined on his affidavit. This came after Shahriman's counsel, Gopal Sreenivasan, sought time for both parties to explore a settlement to avoid 'the stress of cross-examination'. 'I will accede to counsel today to adjourn the trial but I just want to warn counsel, if you can't settle it, I won't give you more time. 'This is quite a straightforward legal case, nothing magical,' the judge said. Shamsuddin resigned as chairman and director of the company on March 8, 2022. Shahriman wants SHSB, the parent company to more than 40 subsidiaries which form part of the Sapura group valued at RM832 million, to be wound up. The group includes listed entity Sapura Resources Bhd. Shahril, 63, and Shahriman, 56, each own a 48% stake in the company, while minority shareholder Rameli Musa, 79, holds the remaining 4%. In the petition filed in September last year, Shahriman said the winding-up was necessary due to an irreparable breakdown of mutual trust and confidence between Shahril and himself. SHSB, Shahril, and Rameli, all named as respondents, oppose the petition. They claim SHSB was never intended to be a family company and that it would not be just and equitable for the company to be wound up. Lawyers Rabindra S Nathan and Ranjit Singh appeared for Shahril and Rameli respectively, while Idza Hajar Ahmad Idzam represented SHSB.
