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Liew Kiew Sin’s resignation that wasn’t

KINIBIZ So it turns out property man Liew Kee Sin didn’t actually resign from his role as chairperson of the Battersea redevelopment project. But he should. And the shareholders’ accommodation of his prolonged stay despite clear-cut conflicts paints a perplexing situation.

 

Last Thursday Sime Darby president and group chief executive Mohd Bakke Salleh dropped a bombshell: Liew Kee Sin, chairperson of the Battersea Power Station redevelopment project, did not resign, contrary to news reports in January.

 

“As far as I’m concerned nothing official came to us,” said Mohd Bakke. “Liew will continue right up to September (when his contract ends).”

 

Recall that the New Straits Times reported on Jan 19 that Liew had tendered his resignation and was waiting for a response for Battersea’s board. So it’s strange to hear a denial now - why didn’t Battersea or its shareholders issue a statement clarifying matters earlier?

 

Battersea’s shareholders are SP Setia and Sime Darby with 40 percent stake each while retirement savings fund Employees Provident Fund (EPF) holds the remaining 20 percent.

 

For the full story go to KiniBiz .

This article was written by Khairie Hisyam.

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