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OTHERS STATEMENT BY SUPERMAX CORPORATION BERHAD ("SUPERMAX" OR "THE COMPANY")

SUPERMAX CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
STATEMENT BY SUPERMAX CORPORATION BERHAD ("SUPERMAX" OR "THE COMPANY")

This statement is issued in relation to Dato’ Seri Stanley Thai, the Founder and former Group Managing Director of Supermax Corporation Berhad (“Supermax or the Company”) and Datin Seri Cheryl Tan, co-Founder and former Group Executive Director of Supermax.

 

On 24 September 2020, Datin Seri Cheryl Tan was acquitted and discharged by the Kuala Lumpur High Court which had allowed her appeal in respect of her conviction and sentence of a single count of an insider trading offence involving APL Industries Bhd shares under Section 188 of the Capital Market and Services Act 2007 previously given by the Kuala Lumpur Sessions Court on 09 August 2018.

 

On 29 September 2020, Dato’ Seri Stanley Thai was acquitted and discharged by the Kuala Lumpur High Court which had allowed his appeal in respect of his conviction and sentence of a single count of an insider trading offence involving APL Industries Bhd shares under Section 188 of the Capital Market and Services Act 2007 previously given by the Kuala Lumpur Sessions Court on 24 November 2017.

 

The Company would like to take this opportunity to inform members of the public that it is business as usual in Supermax with its management team continuously committed to consistently delivering good business performance and profitability in the interests of the Company and its shareholders.

 

Supermax has been delivering consistent profits and dividends to shareholders since its listing on Bursa Malaysia in 2001. The Management remains committed and confident in not only maintaining but also improving its performance in the future ahead.

 

The business position of the Company remains intact and the Management stands strong in growing the business moving forward.

 

This statement is dated 29 September 2020.






Announcement Info

Company Name SUPERMAX CORPORATION BERHAD
Stock Name SUPERMX
Date Announced 29 Sep 2020
Category General Announcement for PLC
Reference Number GA1-29092020-00039



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