KUALA LUMPUR: Able Global Bhd
has announced that its CEO and executive director, Edward Goh Swee Wang, has been remanded by the Malaysian Anti-Corruption Commission (MACC) to facilitate in an ongoing investigation.
In a filing with Bursa Malaysia, the company said Goh was detained in relation to the investigation into a private company owned by company chairman and executive director, Ng Keng Hoe.
The company had previously emphasised that the investigation was not related to Able Global or its group of companies.
"During the course of this ongoing investigation, the company and its personnel remain committed to fully cooperating with the relevant authorities to facilitate a swift and efficient resolution.
"The company wishes to reaffirm its dedication to upholding the highest standards of integrity and corporate governance.
"The company continues to operate as usual, ensuring business continuity while adhering to its core values of transparency and accountability," it said.
Able Global's share price dropped 19 sen or 11% to RM1.53 at Thursday's close.
As at the lunch break on Friday, the company's trading stock was up four sen or 2.61% at RM1.57 a share after 6.98 million shares done.
