PETALING JAYA: Bursa Malaysia has reprimanded Benalec
Holings Bhd’s three Leaw brothers for breaching listing requirements and also fined them a total of RM250,000.
According to the stock exchange regulator, the directors failed to make immediate announcement, appoint an independent adviser and procure shareholders’ prior approval of the land disposals entered between Benalec’s subsidiary, Strategic Land Sdn Bhd (SLSB) with Sunshine 2000 Sdn Bhd (Sunshine 2000) and Seaside Synergy Sdn Bhd (Seaside Synergy) on Jan 18, 2012 and March 12, 2012.
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