Bursa Securities publicly reprimands TA Securities for Catcha Digital breaches

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded TA Securities Holdings Bhd as the sponsor and principal adviser for Catcha Digital Bhd for breaches of the Bursa Malaysia Securities Ace Market Listing Requirements.

Catcha Digital is formerly known as Rev Asia Bhd.

"TA Securities was publicly reprimanded for failing to undertake an assessment on the internal controls of REV and risk management systems of iMedia Asia Sdn Bhd and its subsidiaries,” it said in a statement today.

It said the finding of breach and imposition of the public reprimand on TA Securities were made pursuant to Rule 16.19 of the ACE Listing Requirement upon completion of due process after taking into consideration all facts and circumstances of the matter.

"This is including the materiality of the breaches, the role and responsibilities of TA Securities and the fact that TA Securities had previously committed breaches of the listing requirements,” it added. - Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

CPO futures likely to trade with downward bias next week
Rupee erases gains on banking worries
MSMEs still at early stage of digitalisation
The global game of ChessGo
Banks remain on the radar
KAB looking to boost earnings via PetGas sustainable energy JV
Are our banks safe?
Vivek Sood appointed as Axiata CEO, MD
Fed’s dovish slant forecast to buoy the ringgit
Short Position: Break-up pays, Hap Seng's RPT

Others Also Read