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) |
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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