Lysaght Galvanized shareholders approve election of Chua, Ee

KUALA LUMPUR: Shareholders of Lysaght Galvanized Steel Bhd today approved the election of Chua Tia Bon and Ee Beng Guan to the board, amidst a purported feud among its board members.
Managing director Liew Hoi Foo also saw himself being re-elected at today's AGM, but independent non-executive director Datuk Hamzah Hasan was surprisingly voted out.
Following this, Lysaght said in a press statement that the appointments are a clear indication that there is obviously no family tussle as rumoured, explaining that Liew is the brother-in-law of Chew Meu Jong, the eldest daughter of the late founder Chew Kar Heing.
"Of course, in any business, there are differing views which are healthy in any successful businesses. As some would like to feed on the perceptions of power struggle and family feud, this is a non-event," the company stressed.
Liew, who met the press after the company's AGM, declined to comment on the election of Chua and Ee, except to say that "he never had an issue working with people".