Latest news with #THPlantationsBhd
Malaysiakini
18-07-2025
- Business
- Malaysiakini
TH Plantations CEO on garden leave, CFO resigns over RM5m payouts
TH Plantations Bhd (THP) CEO Mohamed Zainurin Mohamed Zain and CFO Marliyana Omar have been served with show cause letters, relating to alleged unauthorised payments of RM5.1 million made to plantation workers. Zainurin has also been placed on garden leave commencing from the date of issuance of the show cause letter until further notice, the group said in a filing with Bursa Malaysia today.
Malaysiakini
18-07-2025
- Business
- Malaysiakini
TH Plantations CEO on garden leave, CFO resigns over RM5m payouts
TH Plantations Bhd (THP) CEO Mohamed Zainurin Mohamed Zain and CFO Marliyana Omar have been served with show cause letters, relating to alleged unauthorised payments of RM5.1 million made to plantation workers. Zainurin has also been placed on garden leave commencing from the date of issuance of the show cause letter until further notice, the group said in a filing with Bursa Malaysia today.
Sinar Daily
18-07-2025
- Business
- Sinar Daily
TH Plantations CEO put on garden leave, CFO resigns over RM5 million payouts
In the interim, the functions of the CEO shall be assumed by a temporary board committee of THP, until further notice. 18 Jul 2025 08:59pm TH Plantations Bhd CEO Mohamed Zainurin Mohamed Zain and CFO Marliyana Omar have been served with show cause letters, relating to alleged unauthorised payments of RM5.1 million made to plantation workers. KUALA LUMPUR - TH Plantations Bhd (THP) chief executive officer (CEO) Mohamed Zainurin Mohamed Zain and chief financial officer (CFO) Marliyana Omar have been served with show cause letters, relating to alleged unauthorised payments of RM5.1 million made to plantation workers. The CEO has also been placed on garden leave commencing from the date of issuance of the show cause letter until further notice, the group said in a filing with Bursa Malaysia today. Marliyana, however, has chosen to tender her resignation with immediate effect, it added. "The company shall continue its business as usual. In the interim, the functions of the CEO shall be assumed by a temporary board committee known as the board executive committee (board exco) of THP, until further notice,' it said. The composition of the board exco consists of THP chairman Datuk Dr Ahmad Kushairi Din, THP independent non-executive director Kasmuri Sukardi, non-independent non-executive director Nor Adila Ismail and chief operating officer Alikamal Abu Hassan. - BERNAMA
The Star
18-07-2025
- Business
- The Star
TH Plantations CEO put on garden leave, CFO resigns amid RM5.1mil probe
PETALING JAYA: TH Plantations Bhd announced its chief executive officer (CEO), Mohamed Zainurin Mohamed Zain, has been served with a show cause letter today relating to alleged unauthorised payments of RM5.1mil made to plantation workers. In a filing with Bursa Malaysia, the plantation group concern noted that he has been placed on garden leave until further notice.
New Straits Times
18-07-2025
- Business
- New Straits Times
TH Plantations CEO on garden leave over RM5mil payouts, CFO resigns
KUALA LUMPUR: TH Plantations Bhd chief executive officer (CEO) Mohamed Zainurin Mohamed Zain has been issued a show cause letter over alleged unauthorised payments amounting to RM5.1 million made to plantation workers. In a filing with Bursa Malaysia, the company said the letter raises serious concerns about the CEO's role in the disbursement of the funds without proper authorisation. "Together with the show cause letter, the CEO has been placed on garden leave commencing today, following the issuance of the show cause letter, until further notice," it said. At the same time, the company's chief financial officer (CFO), who also received a show cause letter on the same day, has tendered her resignation with immediate effect. Despite the leadership changes, TH Plantations assured stakeholders that it remains committed to operational continuity. "The company shall continue its business as usual. In the interim, the functions of the CEO shall be assumed by a temporary board committee known as the board executive committee of TH Plantations, until further notice," it said. In a separate filing, TH Plantations said CFO Marliyana Omar had "voluntarily" resigned from the role. Marliyana, 44, joined the company in 2009 as an assistant manager and rose to become finance head, overseeing planning, management and execution of the group's financial operations.
