In an article in this morning's Malaysiakini entitled "Don't politicise Nanyang issue", the call by Mr Leong Tang Chong not to discuss the Nanyang issue should be disregarded by all aspiring candidates.
And I quote from the article
"Barely three years after acquiring the Nanyang shares, MCA sold 21.02 percent of its controlling 44.4 percent stake in the company to Ezywood Options Sdn Bhd, linked to Sarawakian media and timber tycoon Tiong Hiew King."
Looking at another article in 2006 on the Sun - MCA gives up Nanyang, Tiong monopolises four national Chinese dailies, we note that Ong Ka Ting mentioned the following.
"The sale of Nanyang is not a CC decision because it is a commercial investment and the decision is made by the board (Huaren) which informed the CC. The CC has taken note of the decision and will leave it to the board to do the necessary, according to the rules and regulations. The details will be announced by both parties (Huaren and Ezywood)," Ong told a press conference yesterday evening.
To a question, he said: "It is not necessary to have an extraordinary general meeting (to approve the sale). In 2001, the board was given the mandate to divest part of the share and it is still valid until today."
This is the most ridiculous load of rubbish I have heard on this side of the galaxy. For the MCA leadership to create an opportunity of which the majority of Chinese vernacular papers are controlled by one PERSON is both irresponsible and wrong. There has to be an inquest into the sale.
THIS is exactly why MCA Central Delegates need to know what is going on in Huaren Holdings! How does the board comes up with bright ideas like the above. A briefing after the fact to the CC and 600 select members (out of 1.3 million I might add) is insufficient and laughable.
This is why I support Dato' Chua's call to increase transparency in the party! I quote from his manifesto text.
Promoting Transparency and Democracy
I believe that democracy thrives when we have a Party leadership that is accountable to the Party, however accountability can only be enforced through transparency.
Huaren Holdings
We need to INTRODUCE RULES THAT WILL ENFORCE TRANSPARENCY, for example that it should be mandatory for the Huaren accounts to be published during the Party’s AGM.
Currently Huaren Holding’s accounts are not transparent; members, leaders and Central Delegates do not know how much profit we make a year, how much expenditures are incurred and how the money has been spent. We need to ensure that the Party’s finances are being ably and fairly administered and distributed.
Furthermore now we need to provide financial assistance to our MCA comrades in Penang, Selangor, Perak, and Kedah, who having lost their state and parliamentary seats are no longer entitled to MP or ADUN allocations for their constituencies.
We need to also help to our party members in Sabah, who until today still do not have their own MCA state building.
Huaren Holdings belongs to MCA, and therefore to all MCA members. Therefore we should ensure that A SIGNIFICANT PART OF ITS PROFITS IS DISTRIBUTED TO ALL THE DIVISIONS to fund our activities as we seek to reconnect with the people.
And I quote from the article
"Barely three years after acquiring the Nanyang shares, MCA sold 21.02 percent of its controlling 44.4 percent stake in the company to Ezywood Options Sdn Bhd, linked to Sarawakian media and timber tycoon Tiong Hiew King."
Looking at another article in 2006 on the Sun - MCA gives up Nanyang, Tiong monopolises four national Chinese dailies, we note that Ong Ka Ting mentioned the following.
"The sale of Nanyang is not a CC decision because it is a commercial investment and the decision is made by the board (Huaren) which informed the CC. The CC has taken note of the decision and will leave it to the board to do the necessary, according to the rules and regulations. The details will be announced by both parties (Huaren and Ezywood)," Ong told a press conference yesterday evening.
To a question, he said: "It is not necessary to have an extraordinary general meeting (to approve the sale). In 2001, the board was given the mandate to divest part of the share and it is still valid until today."
This is the most ridiculous load of rubbish I have heard on this side of the galaxy. For the MCA leadership to create an opportunity of which the majority of Chinese vernacular papers are controlled by one PERSON is both irresponsible and wrong. There has to be an inquest into the sale.
THIS is exactly why MCA Central Delegates need to know what is going on in Huaren Holdings! How does the board comes up with bright ideas like the above. A briefing after the fact to the CC and 600 select members (out of 1.3 million I might add) is insufficient and laughable.
This is why I support Dato' Chua's call to increase transparency in the party! I quote from his manifesto text.
Promoting Transparency and Democracy
I believe that democracy thrives when we have a Party leadership that is accountable to the Party, however accountability can only be enforced through transparency.
Huaren Holdings
We need to INTRODUCE RULES THAT WILL ENFORCE TRANSPARENCY, for example that it should be mandatory for the Huaren accounts to be published during the Party’s AGM.
Currently Huaren Holding’s accounts are not transparent; members, leaders and Central Delegates do not know how much profit we make a year, how much expenditures are incurred and how the money has been spent. We need to ensure that the Party’s finances are being ably and fairly administered and distributed.
Furthermore now we need to provide financial assistance to our MCA comrades in Penang, Selangor, Perak, and Kedah, who having lost their state and parliamentary seats are no longer entitled to MP or ADUN allocations for their constituencies.
We need to also help to our party members in Sabah, who until today still do not have their own MCA state building.
Huaren Holdings belongs to MCA, and therefore to all MCA members. Therefore we should ensure that A SIGNIFICANT PART OF ITS PROFITS IS DISTRIBUTED TO ALL THE DIVISIONS to fund our activities as we seek to reconnect with the people.
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