PETALING JAYA:
Three directors of an apparel company currently in liquidation have been fined a total of RM50,000 by Bursa Malaysia Securities Bhd for failing to make an immediate announcement on the firm’s winding-up order.
Bursa said Jerasia Capital Bhd, its managing director Pronob Kumar Sen Gupta as well as non-executive directors Yong Yuan Tan and Arnold Kwan were also issued public reprimands.
It said Jerasia only announced the winding-up order on April 12, 2023, 10 market days after AmBank Bhd had obtained the order from the Shah Alam High Court on March 29 that…
