MCT co-founder Barry Goh exits the company's board

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KUALA LUMPUR (April 15): MCT Bhd's co-founder and substantial shareholder Tan Sri Goh Ming Choon, also known as Barry Goh, has resigned from his non-independent, non-executive directorship with the company.

In a filing with Bursa Malaysia today, MCT, whose subsidiary was embroiled in the scuffle that broke out at the Sri Maha Mariamman Temple late last year, said Goh quit due to "personal matters".

Following his resignation, alternate director to Goh, Ching Hong Seng, also vacated his position.

According to MCT's 2018 annual report, Goh was appointed to the board as non-independent executive deputy chairman on April 1, 2015, before being redesignated as non-independent non-executive director on Nov 30, 2016.

His direct stake in the company has been pared down from 10.46% as at April 4 last year to 5.86% as at April 4 this year.

MCT shares slipped 0.5 sen or 1.09% today to close at 45.5 sen, giving it a market capitalisation of RM662.93 million. The stock has fallen 48% from a year ago.