This article first appeared in The Edge Financial Daily on October 2, 2018

KUALA LUMPUR: Former attorney-general (AG) Tan Sri Abdul Gani Patail has been redesignated from his position of non-executive director to non-executive chairman of Versatile Creative Bhd effective immediately.

Abdul Gani, 63, replaces Datuk Lee Kwee Hiang, 70, who has retired.

According to Versatile’s Annual Report 2018, Lee was appointed to the board of Versatile and elected chairman on Nov 13, 2014.

In a filing with Bursa Malaysia yesterday, the loss-making plastic packaging company also announced a slew of other boardroom changes following the conclusion of its annual general meeting (AGM), which was held on Sunday.

At the AGM, Versatile shareholders voted against five resolutions that were passed. These included resolutions to reappoint Lee, Datuk Chew Weng Kit, Datuk Eow Kwan Hoong and Chan Feoi Chun as directors.

The company announced the retirement of the three from the board of Versatile in a bourse filing yesterday.

Versatile also announced the retirement of managing director Datuk Wong Kong Choong @ Leong Kong Choong. Wong did not seek re-election at the AGM on Sunday.

Versatile has been in the news over alleged financial irregularities.

On Aug 21, it announced the dismissal of Wong and chief financial officer Tan Quok Eow from their employment after they failed to satisfactorily answer claims made against them relating to unauthorised payments to third parties totalling RM2.3 million.