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2014-11-02 05:25 | Report Abuse
Another cover up. Fire is on and truth is finally on. Chong still trying to cover. Ridiculous.
PETALING JAYA: Protasco Bhd non-executive director Tey Por Yee claims that the board is “protecting” managing director Datuk Seri Chong Ket Pen by refusing the latter to defend himself on the allegations of the RM10mil personal gain.
The resolution to suspend Chong until disciplinary action could be taken was also not allowed to be tabled, he alleged.
“The board of directors of Protasco is no longer independent. It is, in fact, using Protasco’s resources and money for Chong’s personal agenda to remove me.
“This EGM that they have called is deliberately scheduled ahead of ours and will be paid by Protasco. They are trying to prevent shareholders from knowing the truth,” Tey alleged in a statement yesterday.
The EGM that Tey has called and funded by himself, will be held at 10am on Nov 28.
Its purpose is to present the facts and evidence of Chong’s alleged wrongdoing directly to the shareholders and to ask for the removal of Chong.
However Protasco is holding an EGM on Nov 26 to remove Tey and another director. This EGM came about after it was proposed by two shareholders namely, UOBM Nominees (Tempatan) Sdn Bhd and Tan Heng Kui.
UOBM Nominees is the pledged securities account of Penmacorp Sdn Bhd, an investment holding company whose shareholders are Chong, his wife Datin Seri Hoo Chit Neo and their sons Chong Ther Nen, Chong Ther Zern, Chong Ther Shern and Chong Ther Vern.
Stock
2014-11-02 05:23 | Report Abuse
This Chong & gang of directors are too much. Chong pretend to be public shareholder and use Protasco money AGAIN for EGM? What is this bullsh!T?
PETALING JAYA: Protasco Bhd non-executive director Tey Por Yee claims that the board is “protecting” managing director Datuk Seri Chong Ket Pen by refusing the latter to defend himself on the allegations of the RM10mil personal gain.
The resolution to suspend Chong until disciplinary action could be taken was also not allowed to be tabled, he alleged.
“The board of directors of Protasco is no longer independent. It is, in fact, using Protasco’s resources and money for Chong’s personal agenda to remove me.
“This EGM that they have called is deliberately scheduled ahead of ours and will be paid by Protasco. They are trying to prevent shareholders from knowing the truth,” Tey alleged in a statement yesterday.
The EGM that Tey has called and funded by himself, will be held at 10am on Nov 28.
Its purpose is to present the facts and evidence of Chong’s alleged wrongdoing directly to the shareholders and to ask for the removal of Chong.
However Protasco is holding an EGM on Nov 26 to remove Tey and another director. This EGM came about after it was proposed by two shareholders namely, UOBM Nominees (Tempatan) Sdn Bhd and Tan Heng Kui.
UOBM Nominees is the pledged securities account of Penmacorp Sdn Bhd, an investment holding company whose shareholders are Chong, his wife Datin Seri Hoo Chit Neo and their sons Chong Ther Nen, Chong Ther Zern, Chong Ther Shern and Chong Ther Vern.
Blog: Protasco's Puzzling Purchase (11) - M.A. Wind
2014-11-02 05:27 | Report Abuse
Another miss use of protasco money for Chong cover up.
PETALING JAYA: Protasco Bhd non-executive director Tey Por Yee claims that the board is “protecting” managing director Datuk Seri Chong Ket Pen by refusing the latter to defend himself on the allegations of the RM10mil personal gain.
The resolution to suspend Chong until disciplinary action could be taken was also not allowed to be tabled, he alleged.
“The board of directors of Protasco is no longer independent. It is, in fact, using Protasco’s resources and money for Chong’s personal agenda to remove me.
“This EGM that they have called is deliberately scheduled ahead of ours and will be paid by Protasco. They are trying to prevent shareholders from knowing the truth,” Tey alleged in a statement yesterday.
The EGM that Tey has called and funded by himself, will be held at 10am on Nov 28.
Its purpose is to present the facts and evidence of Chong’s alleged wrongdoing directly to the shareholders and to ask for the removal of Chong.
However Protasco is holding an EGM on Nov 26 to remove Tey and another director. This EGM came about after it was proposed by two shareholders namely, UOBM Nominees (Tempatan) Sdn Bhd and Tan Heng Kui.
UOBM Nominees is the pledged securities account of Penmacorp Sdn Bhd, an investment holding company whose shareholders are Chong, his wife Datin Seri Hoo Chit Neo and their sons Chong Ther Nen, Chong Ther Zern, Chong Ther Shern and Chong Ther Vern.