SC reprimands China Automobile Parts

In a statement yesterday, the SC said the retention of office by CAP’s executive chairperson Wang YuYun and executive director Chen Xunze was prejudicial to public interest.

KUALA LUMPUR: The Securities Commission (SC) has reprimanded China Automobile Parts Holdings Ltd (CAP) over the retention of its executive chairperson and executive director.

In a statement yesterday, the regulator said the retention of office by CAP’s executive chairperson Wang YuYun and executive director Chen Xunze was prejudicial to public interest.