KUALA LUMPUR: Rubber processor and trader Seng Fong Holdings Bhd
has identified a discrepancy in the shareholding of Ng Ah Bah @ Kok Yee, the independent non-executive chairman of the company.
In a filing with Bursa Malaysia, Seng Fong said Ng failed to disclose the acquisition of 10,000 ordinary shares (0.001% of the total issued shares) in the company on Aug 27, 2024 due to an oversight.
As a result of the acquisition, Ng’s total shareholding in Seng Fong rose to 436,666 from 426,666 ordinary shares, representing 0.061% of the total issued shares as of the date of this announcement.
Seng Fong acknowledges the omission and will ensure better corporate responsibility, accountability, and transparency to shareholders and the public.
“In this respect, the board will assure that all reasonable and appropriate steps including enhancing procedures and processes and review the effective implementation of the same to ensure compliance with the disclosure requirements under the Main Market Listing Requirements at all times,” it added.
