KUALA LUMPUR: Both SC Estate Builder Bhd
(SCBuild) and 10 individual current directors have been warned of the consequences of a breach of Clause 127 of its Constitution, as well as that of Section 340(1)(d) of the Companies Act for rejecting new board nomination.
Nominated candidate Tan Sri Lee Kim Tiong @ Lee Kim Yew claimed that such act could attract criminal liability, and if convicted, they could be fined up to RM20,000 each.
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