Monday, September 27, 2010

Chua: I have fulfilled promise to sell off Media Chinese shares

BATU PAHAT: The decision by MCA’s investment arm Huaren Holdings Sdn Bhd to dispose of its shares in Media Chinese Internatio­nal Ltd is made by the party presidential council, said president Datuk Seri Dr Chua Soi Lek.

He said the decision was also ta­­ken to fulfil his promise under his party election manifesto.

“I promised in my manifesto to dispose of the shares when I became president.

“We were very small shareholders (in Media Chinese International Ltd) but it has given rise to the perception that we were major shareholders,” he said, adding that MCA had always practised a hands-off approach and would never interfere in company matters.

Dr Chua told reporters after chairing the Johor MCA liaison meeting here yesterday that the council needed to discuss further the outcome for The Star.

“We need to discuss further because it is a listed company. The newspaper was built up from strength to strength from the time of Tun Dr Ling (Liong Sik),” he said.

He added that because he had always adopted a hands-off approach, The Star had been able to do well due to non-political interference.

“The Star has become a credible newspaper and thus, we will continue to adopt this non-interference method,” he said.

THE SATR (Monday September 27, 2010)

1 comment:

peter leow said...

The democratic system can not prevent greedy people to abuse and hijack Democracy :

The result is as shared :
魏家祥:收購南洋報業10年‧馬華損失數億得不償失

國內
2010-09-27 19:54
(吉隆坡27日訊)也是馬青總團長的魏家祥以個人身份,對於過去10年馬華收購南洋報業所發生的事件表達歉意,也坦言馬華在這事件上損失數億令吉,得不償失。

“我今天要說的一個事實,我們還是認為當年不應該(收購南洋報業),但是我們必須尊重全體的決定,那麼對於過去10年所發生的事,我個人表達歉意。”

【世華‧社會】擔心孩子成“剩男剩女”,家長甘心給“拍拖零用錢”!


他說,當年收購南洋報業的時候,他持著反對的立場;不過,黨內的特大決定收購,反收購一派微差落敗,所以只有尊重民主程序。

“很多人對馬華曾經擁有南洋報業耿耿於懷,也在近幾年一直認為應該脫售有關股份;當馬華脫售世華媒體股份時,又有人說馬華不應該脫售。我想每個人的觀點在不同的年代,都有不同的詮釋。”

他說,馬華在這過程中也損失不少,數以億計的虧損,所以這次脫售世華媒體的股份雖然不像當年直接收購南洋報業股份,但是這也讓馬華付出了不少代價。

他說,就如馬華總會長拿督斯里蔡細歷說的,與報界脫離關係和做了斷,這個決定雖然是慢了一點,還是做了決定。

詢及華仁控股當年的收購導致虧損多少錢,魏家祥說,他不是這方面的專業,無法給予確實的答案。

Point here is how come MCA have so much money to Lose and NO money to Build a single hostel for UTAR students in Kampar's 1300 acres of Land?

This is really absurd!

Warmest regards,

Peter Leow

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