ICON (5255) - Hot Stock - Icon falls in active trade after MACC remands CEO & COO
April 23, 2015 : 9:11 AM MYT
KUALA LUMPUR (April 23): Shares of Icon Offshore Bhd ( Financial Dashboard) fell in active trade this morning after The Malaysian Anti-Corruption Commission remanded the company’s chief executive officer (CEO) Dr Jamal Yusof and his brother, chief operating officer (COO) Rahman Yusof, to “facilitate and assist [in] investigations” currently being conducted by the anti-corruption agency.
At 9.11am, Icon lost 6.5 sen to 62 sen with 13.62 million shares traded.
However, Icon Offshore, in a statement to Bursa Malaysia yesterday, said it is not aware of the “details of the nature of the investigations or their status”.
The Edge Financial Daily this morning reported that the company said it was committed to upholding the company’s corporate values that promote integrity throughout the entire company.
Icon Offshore also said it has a code of conduct that places a high priority on upholding high ethical standards.
“The board takes serious exception to any breaches in policies and integrity, and will not hesitate to take appropriate actions if necessary. We will continue to monitor the situation and any material development shall be announced,” it said
http://www.theedgemarkets.com
April 23, 2015 : 9:11 AM MYT
KUALA LUMPUR (April 23): Shares of Icon Offshore Bhd ( Financial Dashboard) fell in active trade this morning after The Malaysian Anti-Corruption Commission remanded the company’s chief executive officer (CEO) Dr Jamal Yusof and his brother, chief operating officer (COO) Rahman Yusof, to “facilitate and assist [in] investigations” currently being conducted by the anti-corruption agency.
At 9.11am, Icon lost 6.5 sen to 62 sen with 13.62 million shares traded.
However, Icon Offshore, in a statement to Bursa Malaysia yesterday, said it is not aware of the “details of the nature of the investigations or their status”.
The Edge Financial Daily this morning reported that the company said it was committed to upholding the company’s corporate values that promote integrity throughout the entire company.
Icon Offshore also said it has a code of conduct that places a high priority on upholding high ethical standards.
“The board takes serious exception to any breaches in policies and integrity, and will not hesitate to take appropriate actions if necessary. We will continue to monitor the situation and any material development shall be announced,” it said
http://www.theedgemarkets.com
