MCA only won 15 of the 40 parliamentary seats it contested in March 8 polls are regarded as the most serious setback for the MCA since its formation. Datuk Yap Pian Hon said, the grassroot leaders were said utterly flabbergasted, saddened and disenchanted with the huge casualties of MCA candidates.
Datuk Yap Pian Hon was accusing MCA president Datuk Seri Ong Ka Ting as a poor quality leader and thus should bear full responsibility toward the dismal performance in the general election and resign.
Should MCA president Datuk Seri Ong Ka Ting resigned and Datuk Yap Pian Hon be the one replacing him, what will be the scenario?
Ironically, the strategy of MCA to inject fresh talented young professional into parliament is a good move for the survival of MCA. But unfortunately, too many new faces were selected to replace senior leaders in a short time and the bad image of political unethical left by the senior MCA leaders still not addressed.
Undeniably, the unethical misachieble politically done by senior MCA toward Chinese society is unforgettable. The promises given also by large not fulfill, rather taken advantages for. The deteriorating opportunities in all aspect as a big burden to the non-Malay but they take it with a hope that tomorrow will be better.
The root reason for the fall of MIC is because of Maika Holding. The root-hidden reason and the clear message from the Chinese community to the present MCA leadership for the serious setback of MCA is MCA-sponsored Investment Company incorporated on the 80s: Selangor Aik Hua Holdings Berhad, Pahang Phang Wah Holding, Johor Ma Teng Holding and Perak Peak Hua Holding.
The economic manipulation for the political benefits of senior MCA leaders are therefore still unforgettable, it’s a no-confidence vote for MCA that exploited and take the right of investors for granted in which is against the ethic of the government of Mr. Clean in which MCA is the second biggest partner.
Tun Dr Mahathir said, “Orang Melayu mudah lupa” as so to the Chinese. But every year, non other than other opportunities, as the ASB announcing given a good dividend to Malay, the poor Chinese in which invested in MCA-sponsored investment companies heart nothing about their hard earn money investment.
To investigate this problem is to recast the root reason, in Selangor, Datuk Yap Pian Hon was one of the founders of Aik Hua Holdings Berhad, a MCA-sponsored investment company incorporated on May 13, 1981. As recorded, Datuk Yap was one of the ten directors listed in the Prospectus of Aik Hua Holdings Berhad. He was then a state assemblyman and yet to earn a Datukship twenty years ago. But he has since been promoted to the Selangor EXCO and went on to become an MP since 1990.
Many MCA members and supporters in Serdang have invested with Aik Hua because they have trusted Yap and MCA. Now that Aik Hua is in quandary, shouldn’t Yap as a founding director lend a helping hand to save these shareholders out of their predicament?
No one knows how much capital was left with Aik Hua and other MCA-sponsored Investment Company incorporated after all these years. The only thing, which was certain about Aik Hua, was that the MCA leaders like Yap Pian Hon did not run and operate Aik Hua in accordance with the 1965 Company Act.
The management has failed to call for AGMs, sending annual reports with financial statements to its shareholders except for the first few years. Shareholders were only paid with a small dividend of 5% once for the past twenty years. Not even single MCA top guns have come forward to explain their case or clear their names over the fiasco.
No action has been taken by anybody to the Companies Commission of Malaysia (SSM) for justice and should all the other MCA-sponsored Investment Company in other states too be die naturally?
The MCA central committee held a meeting on March 15, 2008 and decided that it is 'unsuitable' to discuss president Ong Ka Ting's resignation. It also decides that the party polls will be held next month.
No matter how difficult the political scenario is, as the president of MCA, Datuk Seri Ong Ka Ting still need to be responsible for getting the matters to the right place at the right time and pointing it in the right political ethics and culture.
Datuk Yap Pian Hon was accusing MCA president Datuk Seri Ong Ka Ting as a poor quality leader and thus should bear full responsibility toward the dismal performance in the general election and resign.
Should MCA president Datuk Seri Ong Ka Ting resigned and Datuk Yap Pian Hon be the one replacing him, what will be the scenario?
Ironically, the strategy of MCA to inject fresh talented young professional into parliament is a good move for the survival of MCA. But unfortunately, too many new faces were selected to replace senior leaders in a short time and the bad image of political unethical left by the senior MCA leaders still not addressed.
Undeniably, the unethical misachieble politically done by senior MCA toward Chinese society is unforgettable. The promises given also by large not fulfill, rather taken advantages for. The deteriorating opportunities in all aspect as a big burden to the non-Malay but they take it with a hope that tomorrow will be better.
The root reason for the fall of MIC is because of Maika Holding. The root-hidden reason and the clear message from the Chinese community to the present MCA leadership for the serious setback of MCA is MCA-sponsored Investment Company incorporated on the 80s: Selangor Aik Hua Holdings Berhad, Pahang Phang Wah Holding, Johor Ma Teng Holding and Perak Peak Hua Holding.
The economic manipulation for the political benefits of senior MCA leaders are therefore still unforgettable, it’s a no-confidence vote for MCA that exploited and take the right of investors for granted in which is against the ethic of the government of Mr. Clean in which MCA is the second biggest partner.
Tun Dr Mahathir said, “Orang Melayu mudah lupa” as so to the Chinese. But every year, non other than other opportunities, as the ASB announcing given a good dividend to Malay, the poor Chinese in which invested in MCA-sponsored investment companies heart nothing about their hard earn money investment.
To investigate this problem is to recast the root reason, in Selangor, Datuk Yap Pian Hon was one of the founders of Aik Hua Holdings Berhad, a MCA-sponsored investment company incorporated on May 13, 1981. As recorded, Datuk Yap was one of the ten directors listed in the Prospectus of Aik Hua Holdings Berhad. He was then a state assemblyman and yet to earn a Datukship twenty years ago. But he has since been promoted to the Selangor EXCO and went on to become an MP since 1990.
Many MCA members and supporters in Serdang have invested with Aik Hua because they have trusted Yap and MCA. Now that Aik Hua is in quandary, shouldn’t Yap as a founding director lend a helping hand to save these shareholders out of their predicament?
No one knows how much capital was left with Aik Hua and other MCA-sponsored Investment Company incorporated after all these years. The only thing, which was certain about Aik Hua, was that the MCA leaders like Yap Pian Hon did not run and operate Aik Hua in accordance with the 1965 Company Act.
The management has failed to call for AGMs, sending annual reports with financial statements to its shareholders except for the first few years. Shareholders were only paid with a small dividend of 5% once for the past twenty years. Not even single MCA top guns have come forward to explain their case or clear their names over the fiasco.
No action has been taken by anybody to the Companies Commission of Malaysia (SSM) for justice and should all the other MCA-sponsored Investment Company in other states too be die naturally?
The MCA central committee held a meeting on March 15, 2008 and decided that it is 'unsuitable' to discuss president Ong Ka Ting's resignation. It also decides that the party polls will be held next month.
No matter how difficult the political scenario is, as the president of MCA, Datuk Seri Ong Ka Ting still need to be responsible for getting the matters to the right place at the right time and pointing it in the right political ethics and culture.
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