KUALA LUMPUR: Bursa Malaysia has publicly reprimanded Dataprep Holdings Bhd and five of its directors for breaches of the listing requirements.
The five directors - Datuk Mohd Rizal Mohd Jaafar, Mohamad Sabir Mohamad Sabri, Datuk Abdul Aziz Ishak, Nor Adha Yahya and Ong Kuan Wah - were also imposed total fines of RM500,000.
Dataprep was reprimanded in respect of the company's announcement on March 21 2021 in response to the unusual market activity (UMA) query from Bursa on March 1 2021.
"The response had stated/confirmed, among others, that Dataprep was not aware of any corporate development relating to its business and affairs, including those in the stage of negotiation/discussion, that had not been previously announced that might account for the unusual market activity," Bursa said today.
Dataprep denied knowledge of the negotiation/discussion on the proposed acquisitions of certain companies to undertake contracts to provide an integrated solution technology for Covid-19 screening to the Health Ministry
About two weeks after its UMA response, Dataprep had announced a memorandum of collaboration to undertake the proposed Covid-19 screening contracts on March 12 2021 and the proposed acquisitions on March 15 2021.
Bursa said all the five directors at the material time had breached paragraph 16.13(b) of the Main Listing Reqquirements for permitting the company to commit the breach.
