KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded SUNZEN BIOTECH BHD
and two of its executive directors for breaching ACE Market listing requirements.
Sunzen managing director cum CEO Datuk Hong Choon Hau and former executive director and chief operating officer Lim Eng Chai were each publicly reprimanded and fined RM50,000. Lim resigned on Nov 30,2018.
Bursa Securities said Hong and Lim failed to obtain prior shareholders’ approval for diversifying into a new business which was trading of crude palm oil (CPO) and its derivative products such as palm kernel and palm kernel shell in February 2017.
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