MAHB denies termination of 5 independent directors

MAHB denies termination of 5 independent directors

The independent directors are also not contracted, contrary to claims by Machang MP Wan Ahmad Fayhsal Wan Ahmad Kamal.

mahb malaysia airports
Malaysia Airports Holdings Bhd said changes in the board’s composition would have been announced to Bursa Malaysia. (KLIA pic)
KUALA LUMPUR:
The five independent directors of Malaysia Airports Holdings Bhd (MAHB) have not been terminated, contrary to a statement by Machang MP Wan Ahmad Fayhsal Wan Ahmad Kamal.

In response to a Bernama query, MAHB said the directors were not contracted, but appointed members who continued to serve on the board.

“These directors have not been served with termination notices,” it said.

“Any changes in the MAHB board composition would have been announced to Bursa Malaysia, as the company is a publicly listed entity.”

At a recent press conference, Wan Fayhsal claimed he had received information that the five directors had been terminated by Khazanah Nasional Bhd, allegedly due to their opposition to the proposed privatisation of MAHB.

This came after Hong Leong Investment Bank, acting as an independent adviser, recommended that shareholders accept a take-private offer by Gateway Development Alliance at RM11 per share.

However, the five directors – Mohamad Husin, Ramanathan Sathiamutty, Cheryl Khor Hui Peng, Koe Peng Kang and Chris Chia Woon Liat – voiced dissatisfaction with the offer, calling it unfair and unreasonable.

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