HSSEB

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OTHERS HSS Engineers Berhad - Suspension from duties of Group Chief Executive Officer cum Executive Director

HSS ENGINEERS BERHAD

Type Announcement
Subject OTHERS
Description
HSS Engineers Berhad - Suspension from duties of Group Chief Executive Officer cum Executive Director

The Board of Directors of HSS Engineers Berhad (“HEB”) wishes to inform that the Group Chief Executive Officer (“GCEO”) cum Executive Director of HEB, Dato’ Ir. Nitchiananthan A/L Balasubramaniam, will be suspended with immediate effect for 4 weeks. The suspension is to facilitate independent investigation to be carried out for alleged misconduct(s) on the part of the GCEO.

 

Independent investigation will be undertaken with immediate effect on the alleged misconduct(s) made against him over his conduct in managing the affairs of HEB but, not pertaining to any breaches of fiduciary duty. During the investigation proceeding period, all the executive power accorded to the GCEO will be suspended. 

 

HEB will continue its business as usual. In the interim, Tan Sri Ir. Kunasingam A/L V.Sittampalam, the Group’s Executive Vice Chairman, will take over the responsibilities to perform the functions of the GCEO of HEB.

 

Further announcements shall be made in the event of material developments on this matter.

 

This announcement is dated 27 October 2020.






Announcement Info

Company Name HSS ENGINEERS BERHAD
Stock Name HSSEB
Date Announced 27 Oct 2020
Category General Announcement for PLC
Reference Number GA1-27102020-00078