Bursa Malaysia reprimands Xin Hwa, fines directors

In addition, the two directors, Ng Aik Chuan and Ng Yam Pin, were slapped with penalties of RM100,000 and RM50,000 respectively.

PETALING JAYA: Logistics firm Xin Hwa Holdings Bhd and its two directors were reprimanded by Bursa Malaysia for making advances and payments worth almost RM800,000 in breach of the Main Market Listing Requirements (LR).

In addition, the two directors, Ng Aik Chuan and Ng Yam Pin, were slapped with penalties of RM100,000 and RM50,000 respectively.