KUALA LUMPUR: Menang Corp Bhd has suspended two non-independent and non-executive directors from exercising their duties and functions with immediate effect.
In a statement to Bursa Malaysia, Menang said the board of directors had resolved to suspend Datuk Shun Leong Kwong and Marianna Aly Shun.
Menang said the suspension would be in effect until the conclusion of the findings by an independent investigative committee.
The company said the reason for Shun’s suspension was to investigate his managing and handling of some land transactions in Seremban 3 and the company’s subsidiaries.
As for Marianna, it said the reason was to investigate her conduct in the planning and organising of the last AGM of the company on Dec 30, last year.