Bursa Malaysia Securities said RM100,000 in fines had been imposed on the four directors.
and four of its directors for breaching the Bursa Malaysia Securities ACE Market Listing Requirements .
"Silver Ridge failed to make an immediate announcement when the company received a letter of award and contract dated May 4, 2021, for a total contract sum of RM20,643,356 and tenure of 36 months from May 4, 2021 to May 3, 2024. Bursa Malaysia said it was reprimanding Mohd Suhaimi - who was Silver Ridge's founder and the group managing director at the time of the offence - and three other directors, and fining them RM25,000 each.The other three directors are deputy managing director Syakur Mohd Suhaimi, executive director and chief executive officer Satila Mohd Suhaimi, and executive director Wong Chee Keong, who resigned on July 5, 2022.
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