KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Reach Energy Bhd
and seven of its directors for breaching the Bursa Malaysia Securities Main Market Listing Requirements.
In addition, six directors were imposed a fine of RM50,000 each, it said in a statement today.
The exchange said Reach Energy was publicly reprimanded for failing to make the first announcement pursuant to Practice Note 17 (PN17) on an immediate basis upon announcement of the company’s fourth quarterly report for the financial period ended Dec 21, 2022 on Feb 28, 2023.
The company only made the first announcement on April 3, 2023 -- after a delay of approximately one month, it added.
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