Outgoing director Nazifuddin and Chan to keep stakes in Harvest

KUALA LUMPUR: Mohd Nazifuddin Najib surprised the market by resigning as director of Harvest Court Industries Bhd after less than a month on the board, but he and his business associate Datuk Raymond Chan are not ready to exit the company yet amid the controversial meteoric rise in the price of the designated stock.

“We did not sell during the euphoria. I kept my 15.7% and he (Nazifuddin) kept his 2.2%. We will stay put and will not quit. We do not want people to think that we will pocket gains and hive off our stakes in Harvest. We do not want people to create any stories and hype over the share price.