Poor chemistry at Satang

IT’S as if you need a lab coat and a science degree to follow the developments at Satang Holdings Bhd these days, what with the dissolution and reconstitution that’s taking place there. But it’s not chemistry that we see; it’s more like alchemy.

In medieval times, alchemists pursued goals that we now dismiss as pure nonsense – converting base metals into gold, and discovering a panacea and the elixir of life. Today, alchemy usually refers to an inexplicable change or process. That’s a pretty apt description of the recent events at Satang that revolved around the company’s audit committee (AC).