KUALA LUMPUR (June 17): Just three days after Datuk Jovian Mandagie and Sandraruben Neelamagham were appointed as board members in Caely Holdings Bhd, the lingerie maker has announced the retraction of the appointments.
In a filing with Bursa Malaysia, Caely cited that “the appointment of director was not put into effect due to miscommunication”.
This came after Mandagie alleged that Caely made a false announcement to Bursa Malaysia on Tuesday (June 14) regarding his purported appointment as the executive vice chairman (EVC) of the company because there were no agreements indicating his acceptance of the appointment.
"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 and/or agreements indicating my acceptance of 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," Mandagie, who is clothes retailer Cheetah Corp (M) Sdn Bhd's creative director, said in a statement on Thursday.
"The false announcement made by Caely, as a public listed company, regarding my appointment as the EVC has 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 (e.g. Bursa and the Securities Commission Malaysia [SC]),” he said.
Notably, Jovian is the son-in-law of Prime Minister Datuk Seri Ismail Sabri Yaakob.
At Bursa’s 12.30pm break on Friday, Caely’s share price settled down half a sen or 1.28% at 38.5 sen for a market value of about RM99.13 million based on the company’s 257.48 million outstanding shares.