PBAHB CEO Jaseni Maidinsa says the man charged in court is not a substantial shareholder.
PBAHB CEO Jaseni Maidinsa, without mentioning the name of the shareholder, said the person only held 1.85% of the total shareholdings — or 6,127,600 ordinary shares in the company. “He is also not a director of PBAHB or any subsidiary. He is not represented in any of our companies’ boards or management.”
He added that the controlling stake in the company is via the Penang state secretary, holding 55%, and the Penang Development Corporation, holding 10%, followed by Yayasan Bumiputra Pulau Pinang Berhad .Yesterday, Ooi Chieng Sim, 51, was charged with seven others for trafficking methamphetamine under the Dangerous Drugs Act 1952 through one of his company warehouses. No pleas were recorded.