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Author Bhatt, P. R.,
Title Managing change at Muhibbah Engineering (M) Bhd / P. R. Bhatt, R. Rathish Bhatt.
Imprint London : SAGE Publications Pvt. Ltd, 2017.

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Author Bhatt, P. R.,
Series SAGE Knowledge. Cases
SAGE Knowledge. Cases.
Subject bin Ibrahim, Tuan Haji Mohamed Taib.
Boon, Mac Ngan.
Organizational change.
Alt Name Bhatt, R. Rathish,
Description 1 online resource : illustrations.
Note Originally published in Bhatt, P. R., & Bhatt, R. R. (2017). Managing change at Muhibbah Engineering (M) Bhd. South Asian Journal of Business and Management Cases, 6(1) 12-25. DOI:.
Bibliography Note Includes bibliographical references and index.
Summary Tuan Haji Mohamed Taib bin Ibrahim, chairman of Muhibbah Engineering Bhd (MEB), called a meeting of the board of directors to discuss the issue of Asia Petroleum Hub (APH) project on 27 July 2012. The construction works for APH was stopped as the APH financier CIMB Bank Bhd, suspended its financing in 2009. Asia Petroleum Hub was later wound up under a winding-up petition filed by a creditor in October 2012. Muhibbah board decided to pay net debt exposure of RM 245 million certified claims from APH keeping Muhibbah's right to pursue recovery. Mac Ngan Boon, the managing director, suggested drastic changes in the company's structure, roles, responsibilities and organizational culture to put the company on a path to sustainable profits, which was endorsed by two independent non-executives. The board has to decide the way forward for Muhibbah Engineering after the failure of the Asia Petroleum Hub project.
Note Description based on XML content.
ISBN 9781526441010 (ebook)
OCLC # 1023539517

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