This story in malaysiakini has the heading:
"S'gor MB: State firm owns stake in Grand Saga"
shows that the state appointed executives (from the previous administration) did not do their duties properly and allowed a state of anarchy to develop; from residents tearing down barricades to thugs protecting the barrier to the excessive use of force by the police.
I expect there would be one or two directors appointed by the state government and it is a disgrace that they allowed this situation to continue.
Of course any concession would like more people to part with their monies; even roadside robbers have that inclination.
If I were the MB, those director/s would be asked to resign.