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KUALA LUMPUR (May 18): A shares overhang is expected to weigh on Padini Holdings Bhd (KL:PADINI) in the next three months as the Malaysian Anti-Corruption Commission (MACC) investigation continues to cloud sentiment, said TA Securities.
Padini Holdings Bhd (KL:PADINI) clarified that none of its employees, officers, or management were detained by the Malaysian Anti-Corruption Commission (MACC).
The Malaysian Anti-Corruption Commission (MACC) said on Wednesday that the frozen bank accounts of Padini Holdings Bhd (KL:PADINI) and Cropmate Bhd (KL:CRPMATE) will remain restricted for the time being as part of ongoing investigations.
KUALA LUMPUR: Cropmate Bhd said it was notified by its solicitor on May 1, 2026, that some of the group and its subsidiary's bank accounts have been partially released by the Malaysian Anti-Corruption Commission (MACC).
Last month, Padini Holdings Bhd (KL:PADINI) and Cropmate Bhd (KL:CRPMATE) became the latest public-listed companies to have several of their bank accounts frozen as part of probes by the Malaysian Anti-Corruption Commission (MACC).
Padini disclosed the matter in a Bursa Malaysia filing ...
Cropmate Bhd (KL:CRPMATE) said it was informed last Friday, May 1, that the Malaysian Anti-Corruption Commission (MACC) has partially released some of its and its subsidiaries’ frozen bank accounts.
KUALA LUMPUR: Cropmate Bhd says its external auditors have issued an unmodified audit opinion with a material uncertainty related to its going concern for the financial year ended Dec 31, 2025 (FY25).