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MCA Serdang MP Yap Pian Hon and other
Selangor top guns must not pretend they have nothing to do with the
Aik Hua Holdings fiasco Press Statement by Ronnie Liu Tian Khiew (Serdang, Friday): Datuk Yap Pian Hon was one of the founders of Aik Hua Holdings Berhad, a MCA-sponsored investment company incorporated on May 13, 1981. He must not pretend that he has nothing to do with the Aik Hua Holdings fiasco and therefore sit back and do nothing. Datuk Yap was one of the ten directors listed in the Prospectus of Aik Hua Holdings Berhad. He was then a state assemblyman and yet to earn a datukship twenty years ago. But he has since been promoted to the Selangor EXCO and went on to become an MP since 1990.
Many MCA members and supporters in Serdang have invested with Aik Hua because they have trusted Yap and MCA. Now that Aik Hua is in quandary, shouldn’t Yap as a founding director lend a helping hand to save these shareholders out of their predicament?
No one knows how much capital was left with Aik Hua after all these years. The only thing which was certain about Aik Hua was that the MCA leaders like Yap Pian Hon did not run and operate Aik Hua in accordance with the 1965 Company Act. The management has failed to call for AGMs, sending annual reports with financial statements to its shareholders except for the first few years. Shareholders were only paid with a small dividend of 5% once for the past twenty years.
We urge more shareholders to come forward so that we could have them to recover their hard-earned money. Not a single MCA top guns has come forward to explain their case or clear their names over the fiasco. DAP is in the process of taking the case to the Companies Commission of Malaysia (SSM) for justice.
Aik Hua shareholders who wish to seek justice for their investment can contact Ms. Zoe Lee at 7803 6163 or fax their share certificates (with name and telephone number) to 7957 5718.
(2/1/2004) * Ronnie Liu Tian Khiew, DAP national publicity secretary and Selangor state chairman |