Bursa Malaysia reprimands Pasdec

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Pasdec Holdings Bhd and seven of its directors for breaches of the Bursa Malaysia Main Market Listing Requirements (LR).

Bursa Malaysia said in a statement the seven directors of Pasdec were imposed total fines of RM468,000.

Pasdec was publicly reprimanded for failing to issue the annual report that included the audited financial statements (AFS) together with the auditors’ and directors’ reports for the financial year ended Dec 31, 2019 within the extended timeframe of July 31, 2020.

In addition, the company failed to ensure that its fourth quarterly report for Dec 31, 2019 took into account the adjustments stated in its announcement date Oct 27, 2020. — Bernama