KUALA LUMPUR: Mayu Global Group Bhd
’s 80%-owned subsidiary, Sunrise Manner Sdn Bhd (SMSB), has been served with a compound notice by Bukit Aman under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
In a reply to Bursa Malaysia’s query, Mayu said the compound notice was served and received by SMSB on Jan 21, 2026.
The compound, offered pursuant to Section 92(1) of the Act, arises from the same investigation disclosed on Sept 29, 2025, relating to alleged offences under Section 4(1) concerning money laundering provisions.
It said the compound was offered by the Attorney General’s Chambers through the Royal Malaysia Police as a statutory mechanism to resolve the matter without proceeding to prosecution in court.
“The company understands that the compound relates to SMSB's 20% shareholder, Tang Thiam Hock in his personal capacity and does not constitute a criminal conviction against Mayu,” it clarified.
The RM24mil compound sum was settled through the group’s internally generated funds and will be recognised in the financial statements for the relevant financial period in accordance with applicable accounting standards.
Barring the financial impact arising from the payment, the board does not expect any material adverse effect on the group’s ongoing operations.
