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Posts on ‘July 3rd, 2017’

Japan’s Idemitsu says no plan to call shareholders’ meeting on Showa Shell merger

Japan’s Idemitsu Kosan Co said it had no plans to call a shareholders’ meeting to vote on a merger with rival Showa Shell Sekiyu after the issuance of new shares, which would dilute the stake held by the refiner’s founding family.

The issuance is for financial purposes and not to dilute the founding family’s stake, a company spokesman said, adding that the company would continue to try to gain understanding from the founding family for the integration.

The founding family, which claims to control over one-third of the oil refiner, opposes the merger plan. read more

Shell to remove standees of model after cut-outs ‘molested’

The model pictured in the Shell promotional standee, Nor Shafila Khairusalleh, 25, was reported saying yesterday that she was perturbed by men “molesting” her likeness.

KUALA LUMPUR, July 3 — Oil giant Shell today said today it will be removing all standees modelled by one of its Malay Muslim woman employees following viral images of the men in suggestive poses with her cardboard cut-out.

Shell also advised the public against further sharing such images which it termed as “distasteful”.

“We are aware that pictures of several individuals photographed engaging in distasteful and suggestive acts with a promotional standee at our retail stations are circulating online. read more

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