Malita Investments Faces Board Resignation, Prime Minister Buys Company Stock
· Updated
In brief
- Malita Investments plc has seen another director, David Mallia, resign, adding to recent boardroom instability.
- The government-controlled company has also delayed its Annual General Meeting amidst shareholder discontent.
- Prime Minister Robert Abela reportedly purchased stock in Malita Investments, according to a recent report.
Malita Investments plc, a government-controlled company focused on affordable housing, is facing further challenges as one of its directors, David Mallia, has resigned. The Shift News reported that this resignation contributes to a year marked by boardroom turmoil, financial difficulties, and growing concerns over governance.
In addition to the resignation, the company has also postponed its Annual General Meeting (AGM). This delay comes amidst reported anger from shareholders regarding the company's performance and management.
Separately, The Maltese Herald reported on a development concerning Prime Minister Robert Abela's financial interests. According to the report, the Prime Minister appears to have purchased stock in Malita Investments.
This information was noted by comparing his latest declaration of assets with previous publications, indicating a new acquisition of shares in the company.
The Spin Room
Low media divide. Both independent outlets reported on developments concerning Malita Investments, with one focusing on internal company issues and the other on the Prime Minister's stock purchase.