The Board of Directors ('the Board') of MSM Malaysia Holdings Berhad ('MSM') wishes to inform that today, the Group Chief Executive Officer ('GCEO') of MSM has been required to explain on certain irregularities relating to inventories of MSM Sugar Refinery (Johor) Sdn. Bhd..
He has been given seven (7) days from today to respond to the matter and has been placed on leave of absence until further notice from the Board.
MSM will continue its business as usual. In the interim, the Board has appointed Encik Fakhrunniam Othman as the Officer-in-Charge to perform the functions of the MSM GCEO. Encik Fakhrunniam Othman is currently the Group Investment Officer of FGV Holdings Berhad.
The Board has also established a Board Executive Committee, comprising three (3) MSM Directors, Datuk Syed Hisham Syed Wazir, Datuk Dr. Abd. Hapiz Abdullah and Dato' Haris Fadzilah Hassan, to guide and assist the Officer-in-Charge during this interim period.
Further announcements shall be made in the event of material developments on this matter.
This announcement is dated 8 September 2020.
Announcement Info
Company Name | MSM MALAYSIA HOLDINGS BERHAD |
Stock Name | MSM |
Date Announced | 08 Sep 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-27082020-00064 |
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MSM Malaysia Holdings Bhd published this content on 08 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2020 22:29:03 UTC