PETALING JAYA: In a fresh twist in the fight to control the boardroom at Caely Holdings Bhd, Datuk Jovian Mandagie denied ever accepting the offer to become the executive vice-chairman (EVC) of the garment manufacturer.
He is now taking legal advice regarding his appointment as EVC, saying the announcement of his appointment was falsely made by the company and had “tarnished my corporate, business and personal reputation.”
“I take this matter seriously and I will be seeking legal advice on this matter to pursue all means necessary to report such wrongdoing to the relevant authorities like Bursa Malaysia and the Security Commission,” he said in a statement yesterday.
Jovian, 36, who is the the son-in-law of Prime Minister Datuk Seri Ismail Sabri Yaakob, moved to set the record straight after releasing his account of what transpired on Wednesday when Caely announced to Bursa Malaysia on June 14 that Jovian was appointed EVC of the company.
“I did attend a meeting with a representative of Caely, Datuk Loh Ming Choon on the June 13 to discuss a potential collaboration with Caely.
The said representative had also offered a seat on the board of Caely as the EVC of Caely with the purpose to revamp and expand Caely’s garment division, to which, no definitive verbal agreement had been reached,” said Jovian.
“I did not agree to accept the appointment as the EVC of Caely.
“I wish to further emphasise that I have not executed any forms or agreements indicating my acceptance to the said appointment.
“Therefore, I hereby state that the announcement made by Caely in relation to my appointment is false, untrue and misleading to the public.”
Caely, in a statement to Bursa Malaysia yesterday, announced that Jovian’s position as EVC had been withdrawn.
“The appointment of director was not put into effect due to miscommunication,” it stated in the exchange filing.
Caely shares were suspended for an hour in early trade yesterday ahead of the announcement of Jovian’s withdrawal as director along with the withdrawal of Sundraruben Neelamagham as independent director.
The company had on Wednesday denied news reports that nine of its directors were removed.
Caely, in a press release, said the existing board can steer the company out of financial distress in light of the current boardroom tussle and ongoing lawsuits that are impacting its operations.
Caely shares ended three sen or 7.7% lower at 36 sen yesterday on the withdrawal announcements.