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MAHB’s 5 independent directors not terminated | Scoop
MAHB said no changes in its board composition was announced to Bursa Malaysia. - Scoop file pic, January 15, 2025
News

MAHB’s 5 independent directors not terminated

Airport operator denies claims by opposition lawmaker Wan Ahmad Fayhsal Wan Ahmad Kamal of termination over alleged opposition to privatisation deal

Bernama
Updated
12:26 PM MYT

 

KUALA LUMPUR — The five independent directors of Malaysia Airports Holdings Bhd (MAHB) have not been terminated, contrary to a statement made by Machang MP Wan Ahmad Fayhsal Wan Ahmad Kamal.

MAHB, in response to a Bernama query, clarified that these directors were not contracted but appointed and continue to serve on the board, contrary to the claims by Wan Ahmad Fayhsal. 

“These directors have not been served with termination notices. Any changes in the MAHB board composition would have been announced to Bursa Malaysia, as the company is a publicly listed entity,” said the company. 

At a recent press conference, Wan Ahmad Fayhsal claimed that he had received information that the contracts of these directors were terminated by the country’s sovereign wealth fund, Khazanah Nasional Bhd, supposedly due to their opposition to the proposed MAHB privatisation deal.

This matter unfolded against the backdrop of independent adviser Hong Leong Investment Bank (HLIB) recommending that shareholders accept a take-private offer by Gateway Development Alliance (GDA) at RM11.00 per share.

However, the directors, namely Datuk Mohamad Husin, Ramanathan Sathiamutty, Cheryl Khor Hui Peng, Datuk Seri Koe Peng Kang and Chris Chia Woon Liat, have voiced their dissatisfaction, describing the offer as both unfair and unreasonable. – January 15, 2025

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