Golden Plus directors reprimanded, fined

  • Business
  • Thursday, 23 Jun 2011

PETALING JAYA: The board members of Golden Plus Holdings Bhd have been publicly reprimanded and fined a total of RM1.4mil by stock exchange regulator Bursa Securities for failure to appoint PricewaterhouseCoopers as a special auditor (as directed) and to allow the special auditor to proceed with special audit work.

Bursa Securities said in a media release yesterday that the company had failed to comply with the directives and also failed to retract a resolution from the AGM notice dated Sept 7, 2010 seeking shareholders' approval to comply with the directive to appoint PricewaterhouseCoopers as well as failed to update shareholders on the matter.

The regulator said the public reprimand and a fine of RM200,000 each was imposed on chairman Datuk Setia Abdul Halim Datuk Abdul Rauf, executive director Low Thiam Hoe (who retired on Sept 30, 2010), executive director Goh Sin Tien and independent directors Tan Sri Lamin Mohd Yunus, Datuk Jeyaraj V Ratnaswamy, Datuk Yahaya Udin and Yeoh Hor San.

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