Does the name Azizan Abd Rahman rings a bell?, well he is the husband of SC chairman, Zarinah Anwar, Well, he is the one who caused a ripple in the market recently when he purchased nearly half a million Eastern & Oriental Bhd shares this year (before Sime Darby made a RM2.30 payout to buy 30 per cent of the company, only from the major shareholders of the company). That news has certainly got people riled up, whats more it is coming hot on the heels of the incident whereby Azizan also emerged as a substantial shareholder of Kencana Petroleum Bhd in July, just days after an offer was made to take over the company at RM3 a share!
If you think that is puzzling and mind boggling, how do you think the folks albeit the shareholders of Ramunia Bhd would have felt upon learning and finding out that their chairman was a substantial shareholder of a rival oil and gas firm? And back to the E&O issue, it has been spreading like wildfire on the bloggers circa on the strange relationship, or could we say the sharing of beds between Sime Darby and E&O, triggering a conclusion of a possible insider trading by the Chairman of E&O, Dato Azizan Abdul Rahman. Like Rocky Bru jotted in his blog, though Azizan was not party to the sale but considering that other E & O board members who were party to the sale had also bought E & O shares from the open market, one is left wondering: Did the Board members know of the coming "windfall"? It seemed Azizan did not just buy for himself but tipped his long time business partner and collaborator, Dato Kalimullah to buy into E&O. Whether Kalimullah went in also is not certain, but ECM Libra definitely went in big time.
Well , like they say, Malaysia is the boleh land, anything goes, but to preserve the good name of SC, voices are getting strong urging Zarinah to leave......whatever it is ....Selamat Hari Raya...hey...its still Syawal... adios...a.h.baharom
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