PETALING JAYA: George Kent (Malaysia) Bhd (GKM) chairman Tan Kay Hock has refuted allegations that he is looking to sell his entire stake in the group and that he is unsuccessful in exiting due to “legacy issues”.
Tan was responding to an online news, which he claimed that the reported statements were entirely fictitious with no truth in them.
“I have every intention of further contributing my experience and knowledge for the benefit of GKM and its continued expansion and development,” he said in a statement.
Tan said it is preposterous to suggest that he is actively seeking to divest his shareholding in GKM and he has not sought nor spoken to any party about selling his shares. He added that he will seek legal recourse in the matter.
Tan is believed to own a 4.77% direct stake in George Kent and indirectly controls an additional 37.42% stake, according to the report.
source https://www.thesundaily.my/business/tan-kay-hock-denies-george-kent-exit-rumour-DM1842599
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