NWP suspends group CEO


Bursa bldg man

KUALA LUMPUR: NWP Holdings Bhd has suspended its group chief executive officer Datuk Seri Kee Soon Ling effective immediately amid an investigation into possible misconduct involving past significant transactions.

In an announcement to Bursa Malaysia, the company said the board has established an investigative working group with immediate effect to carry out the probe.

The suspension decision was to enable the investigative working group to carry out its probe.

“The probe was into an alleged potential misconduct(s)/breach of fiduciary duty(ies) on certain past significant transactions under NWP Builder Sdn Bhd, a subsidiary of NWP, ” it said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

NWP Holdings , Kee Soon Ling , CEO , Bursa , probe , misconduct ,

   

Next In Business News

7-Eleven Malaysia settles suit against Dego�
KAB appoints Dr Ong Peng Su as new chairman
Citi to exit retail banking in 13 markets, including Malaysia
NWP shareholders calls for EGM to replace directors
WZ Satu bags RM243mil job from Malaysian Refining Co
Khazanah raises RM312mil from TM share placement
FBM KLCI ends higher despite negative broad-market breadth
Tricor apologises for Maybank AGM rescheduling
CIMB Group underlying business proves resilient in FY20 despite pandemic effects
Pertama Digital increases court bail limit to RM500k via eJamin

Stories You'll Enjoy


Vouchers