25 June 2012 Chong Ket Pen was not Demoted. He was PROMOTED to Group MD, but his boss places See Ah Seng as ED to watch over his shoulder and Ibrahim Noor as Deputy Chairman to stay ABOVE him. So technically he is PROMOTED to LESS POWER, and later to LOOSE POWER when 5 & 9 October 2012, more directors were appointed to remove Chong Ket Pen's power.
Blog: Protasco repeat dubious allegation raise questions. Is Chong Ket Pen next to be charged? [GLR]
2017-07-26 09:13 | Report Abuse
25 June 2012 Chong Ket Pen was not Demoted. He was PROMOTED to Group MD, but his boss places See Ah Seng as ED to watch over his shoulder and Ibrahim Noor as Deputy Chairman to stay ABOVE him. So technically he is PROMOTED to LESS POWER, and later to LOOSE POWER when 5 & 9 October 2012, more directors were appointed to remove Chong Ket Pen's power.
Proof:
25 June 2012 Chong Ket Pen DEMOTED by given Group MD title for a show.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1322197
25 June 2012 See Ah Seng was ADDED as ED to "watch over" CHONG KET PEN.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1322253
13 June 2012 Ibrahim Nor PROMOTED to Executive Deputy Chairman by the boss. ABOVE Chong Ket Pen position.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1324197