Pakatan leaders lay bare assets


  • Nation
  • Friday, 06 Apr 2018

GEORGE TOWN: The poorest state exco member is still Datuk Abdul Malik Abul Kassim and the richest is Phee Boon Poh.

Abdul Malik only has two cars, a Proton Tiara valued at RM36,000 and a RM148,000 Peugeot 508. He’s still paying the loan on the Peugeot.

Phee, who comes from a wealthy family, has so many assets that the font size of his one-page declaration was shrunk by more than half compared with the other exco members to fit everything in.

He owns 11 properties including houses in Hamilton, New Zealand, which he declared as inheritances.

Phee owns shares and warrants in 25 counters on Bursa Malaysia, plus about RM360,000 parked in unit trusts.

For cars, he has a Nissan Serena and Toyota Alphard.

All the Pakatan Harapan assemblymen have declared their assets and the information is found in www.penang.gov.my since yesterday.

Chief Minister Lim Guan Eng declared two shophouses in Melaka bought for RM435,000 and RM530,000 respectively, with the latter being a jointly-owned property.

He has another property, a bungalow in Jalan Pinhorn here, bought for RM2.8mil with an RM2.1mil loan.

The chief minister does not invest much in the share market, having only between 1,000 and 3,000 shares in five counters.

But he has about RM230,000 in trust funds and RM553,592 in fixed deposits (FD). No car.

Deputy Chief Minister I Datuk Mohd Rashid Hasnon appears to be a firm believer of unit trust funds, with over RM1.4mil parked in 15 of them.

For wheels, Mohd Rashid only commands a Nissan Sentra.

In contrast, Deputy Chief Minister II Dr P. Ramasamy does not invest in any shares or trust funds, but he owns five cars: Mercedes E240, Ford Courier, Toyota Hilux, BMW X3 and a Perodua Axia.

The priciest wheels was declared by Lim Hock Seng, a BMW X5 he bought for RM377,000 with a RM200,000 loan.

State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow declared a house in Balik Pulau and a jointly owned flat in Bukit Gambir.

Chow declared unit trusts worth RM225,416 and FDs worth RM658,852. His personal car is a Mitsubishi ASX worth RM101,000.

Two Members of Parliament - Bukit Mertajam’s Steven Sim and Bayan Baru’s Sim Tze Tzin - also declared their assets although they were not required to do so.

Steven declared a jointly owned house in Bukit Mertajam worth RM290,000 with a loan of RM268,000. He does not own a car.

Tze Tzin on the other hand declared a RM448,000 house in Ara Damansara, Selangor, which is still on a bank loan, some shares and a Hyundai Santa Fe bought at RM158,000 with a bank loan.

Lim in a press statement yesterday said this is the third time Pakatan assemblymen declared their assets.

“The first declaration of assets was carried out in 2011, involving all state exco members.

“In 2013, the state government decided to include all Pakatan assemblymen in the asset declaration,” he said.

Lim said the assets were independently audited by auditing firm Grant Thornton.

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