a) Transmile Mr Gan Boon Aun Relinquish his post as CEO

• Subsequent to the Transmile’s lodgement of the police report over false statements and documents on fictitious revenues, unsupported/ficititious payment for purchase of fixed assets and payments to third parties, Mr.Gan Boon Aun has resigned as chief executive officer of beleaguered Transmile Group Bhd.as the fallout from the accounting irregularities will now lead to a police investigation.
• Gan, the founder of Transmile, is largely credited for leading Transmile to great heights. He listed Transmile on the second board in 1997. His first attempt to transfer the counter to the main board in 2000 failed when the application was rejected by the Securities Commission. Gan succeeded in his second attempt in 2002. 
• In 2004, Gan sold his stake in Transmile to the Kuok group and approached former Transport Minister Tun Dr Ling Liong Sik to be the group’s chairman.

b) Transmile wants to put its representative in associate company CEN Sdn Bhd and nominate a new representative to the board of CEN Worldwide Sdn Bhd, a wholly owned subsidiary of CEN.

• Transmile said it “will propose to the board of directors of CEN Worldwide that PriceWaterhouse-Coopers be appointed to carry out a special audit on CEN Worldwide.” 
• Major shareholders of CEN are Transmile (37.5%), Pos Malaysia & Services Holdings Bhd (42.5%) and Konsortium Logistik Bhd (20%), according to their latest annual reports. 
• The final report of the special audit on Transmile highlighted that sales to CEN Worldwide since 2004 totalled RM604mil. The company has been making losses since 2004 and it owes Transmile RM103mil.