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