FOLLOWING the emergence of the assault against the two bodyguards, there have been rumours circulating on social media that one of the suspects, Chung Chee Yang, is the shareholder of MAG Holdings Bhd (MAG).
MAG has refuted and denied the rumours circulating on the social media that the four men who have been arrested recently for allegedly beating up two bodyguards that had been fasting, are linked to the company.
“We would like to put it on record that Chung was only a shareholder of the company during a short period in 2019 and has ceased to be a shareholder since then,” the aquaculture-based food producer said in a statement.
MAG also added that Chung is also not part of the management of the company and is not on the board of directors.
“MAG is run by management of professionals,” MAG remarked.
“As a listed company, we have no control over the interests of the public to invest in its shares and that the management and board will continue to focus on growing the company in the aquaculture industry. “
Meanwhile, MAG has allowed working flexibility for all of its Muslim employees who are fasting during the fasting month of Ramadan.
At 11.20am, MAG was down 0.5 sen or 2.5% to 19.5 sen with 5.5 million shares traded, thus valuing the company at RM147 mil.– April 16, 2021
Photo credit: The Sun Daily
