[5][6] Its products include aluminium foil, metalised film laminate, tissue/woodfree/board, and inner frames, which are primarily used in cigarette, liquor, confectionery, and pharmaceutical packaging.

[2][3] Bright Packaging was embroiled in a high-profile boardroom dispute culminating in a call for an extraordinary general meeting and the replacement of four directors in a hostile takeover.

[12] The board released a press statement on 14 January 2013 stating: “it would seem (the proposed directors) have very little or no knowledge of (Bright Packaging’s) current business”.

[13][14] Following the call for the EGM, Bright Packaging's board announced a five-year, 100% dividend payout policy to demonstrate its commitment to its shareholders.

[15] Requisitionists responded that the company had no history of paying dividends in the past decade and the move was a desperate attempt by the board to buy votes.

[17] Bright Packaging responded that it was unaware of any reason except the notice of requisition for an EGM and the proposed first and final dividend payment for the financial year ended 31 August 2012.

[9] Bright Packaging refuted the allegations of poor corporate governance and stated in a press release: “the board views these dramatised baseless allegations by the concerned minority shareholders as an act to discredit the directors and also to drum up support for the requisitionists to remove certain directors.”[20] The company assured that Ernst & Young had been replaced due to a fee revision that the board rejected, and agreed to an independent audit.

[21] Following a five-month audit from 1 September 2012 by Crowe Horwath, the company was given a clean sheet except for two items: qualifications on non-inclusion of an asset, and non-compliance to an accounting standard, which had no impact on the financial statement for the period ended 31 January 2013.

[11] Following the boardroom tussle, Luxembourg-based SICAV Halley Asian Prosperity hedge fund emerged as Bright Packaging Industry Bhd's third largest shareholder in May 2013[27] In October, renowned activist investor and entrepreneur Dato’ Ricky Wong, founder and CEO of Asia Media Group, bought a dominant stakeholder in Bright Packaging Industry Bhd.

[36] News of activist investor Dato' Ricky Wong interest in taking the company private were denied by the Board in its annual general meeting held on 24 February 2014.

Wong has quietly built up his stake in the company and currently holds 32.81% which is just short of the 33% threshold required to trigger a mandatory general offer.