Puncak Niaga Holdings Bhd (PNHB) executive chairman Rozali Ismail's RM33.4 million remuneration package may have raised the many eyebrows, but a group of minority shareholders feels he is well worth it.
"It was tabled at the PNHB's annual general meeting, we approved it," said Muhammad Imran Abdullah (right), chairman of the Puncak Niaga Minority Shareholders Watchdog Group."You must understand, this man is the founder of the company which started 20 years ago. For all his contributions, the shareholders have agreed to the payment," he said at a press conference today.
He added he personally felt Rozali deserved it and claimed that those who raised the issue were non-shareholders.
DAP Klang parliamentarian Charles Santiago has described the PNHB decision as 'unethical and irresponsible', given the fact that water is for the public good.
When asked for his comment on this, he answered "we are only concerned with our dividends and returns", and refused to prolong the issue, saying that it was a done deal.
The group, which formed last Friday, has vowed to safeguard its interest in view of the Selangor state government's attempt to acquire PNHB's two subsidiaries - Puncak Niaga (M) Sdn Bhd (PNSB) and Syarikat Bekalan Air Selangor Sdn Bhd (Syabas).
The minority shareholders have over 20 percent stake in PNHB. So far 130 shareholders have joined the group.
Imran also said the minority shareholders felt PNSB and Syabas had performed well.
"We are pleased with them overall. As shareholders, what we want are just returns and dividends. As long as we get it, we are happy," he said.
DAP Charles Santiago has described the PNHB decision as 'unethical and irresponsible' -- wonder what if PNHB owned by Charles Santiago. I bet he will take that RM33.4 million award or maybe more.
ReplyDeleteWell said Mr Imran. Tan Sri Rozali really deserved to have the RM33.4 million remuneration package from Puncak Niaga. The moment you release that statement, Puncak Niaga share shoot up a bit. The moment Tony Pua `belasah' your statement, the share climbed again. Amazing.... lols. Keep up protecting the interest of the public listed company bro.... by the way "bagi saya satu lot saham boleh ka bro?"
ReplyDeleteWhen a Malay tycoon received RM33.4 million remuneration from his own public listed company, DAP barking 24/7, but when a Chinese tycoon took over RM50 million remuneration even tho the company lost over RM200 million, Tony Pua and Charles Santiago shut their mouth up. Why?
ReplyDeleteThumbs up Imran and the gang. Whateva Pua Tony and Santiago Charles said about Tan Sri Rozali and his RM33.4 million remuneration, Puncak Niaga's share shoot up. What does it means? It means those two clowns have used `circus mathematics' to calculate profit and loss with an intention to create market bearish, while the actual account prepared by professionals, resulting bullish. We hope Tony and Charles can be the bull and the bear of the real circus.
ReplyDeleteAlamak... FOMCA also condemning Tan Sri Rozali Ismail for taking his own money from his own company (Puncak Niaga). Ello brader FOMCA, Puncak Niaga is not only `meniaga air' but also investing in Oil and Gas activities which generated tonnes of monies. Komen pakai otak la FOMCA, jangan pakai lutut.
ReplyDelete