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1 August 2016:Protasco Bhd appointed Lim Yew Ting Director & Member of Nomination Committee? - Bursa

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Publish date: Tue, 02 Aug 2016, 11:50 AM
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1 August 2016 : The return of long serving officer, Lim Yew Ting, the Personal Assistant of Chong Ket-Pen in Protasco Bhd have raised market concerns on the independance of public company Protasco Bhd and the board credibility, especially on corporate governance. Table below as per Bursa Malaysia tells the story:

PROTASCO BERHAD

 

Date of change 01 Aug 2016
Salutation MR
Name LIM YEW TING
Age 60
Gender Male
Nationality Malaysia
Type of change Appointment 
Designation Member of Nomination Committee
Directorate Independent and Non Executive
Composition of Nomination Committee(Name and Directorate of members after change)
Chairman:
Dato' Tan Yee Boon (Independent Non Executive Director)

Member:
Mr. Tan Heng Kui (Non Independent Non Executive Director)
Mr. Lim Yew Ting (Independent Non Executive Director)


 


Announcement Info

Company Name PROTASCO BERHAD
Stock Name  PRTASCO
Date Announced 01 Aug 2016
Category Change in Nomination Committee
Reference Number C08-27062016-00004

 

With Tan Yee Boon as the nomination committee chairman, and two close friends of Chong Ket-Pen (Tan Heng Kui and Lim Yew Ting) being the members, the public company turns Chong father & son Co, with cronies and associates holding key positions in Protasco Bhd, raises eye brows. Lim Yew Ting held many business secrets especially on government contracts, including most of Chong's controversial overseas dealings using Protasco Bhd.

 

Source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5164969

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