Liqua Health's policy, ops to remain the same

Monday, March 28 2005
Liqua Health's policy, ops to remain the same
By ANNA MARIA SAMSUDIN

March 22 2005

LIQUA Health Corp Bhd’s company policy and operations will remain the same despite the resignation of its executive chairman Datuk Mohd Sarit Yusoh last week.

Executive director See Keng Leong, when contacted, refused to provide more information on Sarit’s resignation but said the change will not affect overall operations.

He said this was mainly because the principal directors, such as managing director Goh Bak Ming and executive deputy chairman Fei Chong Ming, are still with the company.

“I do not want to disclose in detail the reason for Datuk Sarit’s resignation. All I can say is that people can come and go and that is how things are with the board of directors as well, See told the Business Times.

Liqua Health announced to Bursa Malaysia Bhd last Friday the resignation of Sarit, who has direct and indirect interest of 0.03 per cent and 32.33 per cent respectively in the company, and its non-executive director Datuk Saifuddin Abdullah.

Sarit, who is a Temerloh member of Parliament, is also a director of Kwantas Corp Bhd, Kurnia Setia Bhd, Goh Ban Huat Bhd and Khee San Bhd.

Non-executive director Datuk Zubir Ali has been redesignated as chairman while Au Wei Ming and Yogananthan Paramasivam have been appointed as executive director and non-executive director respectively.

Liqua, which took over Parit Perak Holdings Bhd’s listing status on Bursa Malaysia’s main board in 2003, sells health food products and general merchandise by multi-level marketing.

The company, through wholly-owned subsidiary Liqua Health Marketing (M) Sdn Bhd, had recently entered into two separate sales and purchase agreements with United Malaysian Estate Sdn Bhd and Ace Portfolio Sdn Bhd for a total consideration of RM3.2 million each.