KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Zen Tech International Bhd and eight of its directors for breaches of Bursa Malaysia Securities ACE Market listing requirements.

In addition, the eight directors of the company were imposed total fines ranging from RM25,000 to RM155,000.

The directors names are Tan Sri Syed Mohd Yusof Syed Nasi, vice-chairman Datuk Seri Tan Choon Hwa, Datuk Megat Fairouz Junaidi  Megat Junid, Datuk Zhang Li, Siva Kumar Kalugasalam, Edwin Silvester Das, Zhang Yang and Chak Ho Sum.

The breaches included failure to ensure that its press release and or announcements were factual, clear, accurate and not misleading; and failure to issue its 2021 annual report (AR 2021) on time.

In addition to the public reprimand for the AR 2021 delay breach, the company was required to review and ensure the adequacy and effectiveness of its financial reporting function.

Zen Tech last traded at one sen a share, giving it a market capitalisation of RM31.1 million.

https://www.nst.com.my/business/corporate/2024/07/1084574/bursa-malaysia-publicly-reprimands-and-fines-zen-tech-directors