Three directors of The Star decline re-election

Three directors in The Star Publications (Malaysia) Bhd did not seek re-election at the company’s annual general meeting this morning.

They are executive director Ng Beng Lye, who was previously hand-picked by former MCA president Datuk Seri Ong Tee Keat, and non-executive directors Tan Sri Sak Cheng Lum and Raymond Tan Foong Luen.

When contacted, Ng confirmed that he, Sak and Tan did not seek re-election but he refused to give any reason except to say: “there is no particular reason”.

However, party sources said their decision not to seek re-election was to pave the way for new appointments under the new leadership of MCA president Datuk Seri Dr Chua Soi Lek, who took over the helm in the party’s fresh polls two months ago.

The position of another Ong appointee, Datuk Clement Hii, who is the executive deputy chairman, is not immediately known.

Rumours are rife that Editor-in-Chief of the The Edge Financial Daily Ho Kay Tat would join the board as executive director while Kuah Han Liang, a banker formerly with Deutsche Bank, was said to be joining the group as non-executive chairman.

Two other corporate figures tipped to be joining the board are former Arab-Malaysian Securities managing director Lee Siang Chin, 61, and Foetus International founder Datuk Vincent Lee, 56.

Lee was recently appointed board member of Huaren Holdings, the MCA investment arm. — Bernama




comments


Who cares what happen to Stars Newspaper these days. They are just a BN propaganda machine. Sometime reading local newspaper esp. to local political and economic news, is really an insult to intelligence. Many working urban people will support this view.