news

Former Ho Hup Construction director claims trial over notification of interests

KUALA LUMPUR: A former director of Ho Hup Construction Bhd pleaded not guilty in the Sessions Court on Wednesday, Jan 26 to failing to notify of changes in interests as required under the Companies Act 1965 after becoming a major shareholder of the company.

Datuk Low Tuck Choy, 52, who allegedly had indirect interests in Low Chee & Sons Sdn Bhd, is charged with failing to notify the changes of interests to Ho Hup Construction by way of Form 29B dated Jan 15, 2010, exceeding the seven-day period, as required under Section 69F(2) of the Companies Act 1965.

Low is accused of having committed the offence at Ho Hup Construction at 18, Jalan 17/155C, Bandar Bukit Jalil here on 15 Jan 2010.

He was charged under Section 69M of the Companies Act 1965, read together with Section 6A of the same act, which carries a maximum fine of RM1 million upon conviction.

Prosecuting Officer Mohamad Azies Han Mohd Fadzil of the Companies Commission of Malaysia appeared for the prosecution, while Low was represented by lawyer Datuk V Sithambaram.

Judge Ainul Shahrin Mohamad set March 17 for mention of the case. — Bernama
Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE