PETALING JAYA: Bursa Malaysia has publicly reprimanded TXCD Bhd (formerly Ageson Bhd
) and five of its former directors for breach of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR).
In addition, the five former directors were imposed total fines of RM134,200.
In a statement, Bursa Malaysia said TXCD was publicly reprimanded for breach of paragraph 9.23(1) of the Main LR for failing to issue the annual report that included the audited financial statements, together with the auditors’ and directors’ report for the 18-month financial period ended Dec 31, 2022, on or before April 30, 2023.
TXCD only issued the annual report on Oct 31, 2023, after a delay of six months.
Bursa Malaysia said TXCD’s executive directors Datuk Seri Liew Kok Leong and Datuk Seri Chin Kok Foong, director and audit committee chairman Lim Yit Kiong and director and audit committee member Tajul Arifin Mohd Tahir were publicly reprimanded and fined RM30,500 each.
Director and audit committee member Evelyn Lui Ming Foong meanwhile was publicly reprimanded and fined RM12,200.
“Bursa views the breach seriously as timely submission of financial statements is a fundamental obligation of listed companies and is of paramount importance in ensuring an orderly market,” it said.
