OTHERS TH PLANTATIONS BERHAD ("THP" or "the Company") Establishment of a Board Executive Committee following the Garden Leave of the Chief Executive Officer
| TH PLANTATIONS BERHAD |
| Type | Announcement | |||||||||||||||
| Subject | OTHERS |
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| Description | TH PLANTATIONS BERHAD ("THP" or "the Company")
Establishment of a Board Executive Committee following the Garden Leave of the Chief Executive Officer |
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The Board of Directors of TH Plantations Berhad (“THP” or “the Company”) wishes to announce that its Chief Executive Officer, Mohamed Zainurin bin Mohamed Zain (“the CEO”) has been served with a show cause letter today, 18 July 2025, relating to alleged unauthorized payments of RM5.1 million made to the plantation workers.
Together with the show cause letter, the CEO has been placed on garden leave commencing from the date of issuance of the show cause letter (i.e. today) until further notice.
The Chief Financial Officer has also been served with a show cause letter today, 18 July 2025, but she chose to tender her resignation with immediate effect.
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. The composition of the Board EXCO shall be as follows:
Further announcements shall be made in the event of any development in this matter.
This announcement is dated 18 July 2025.
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Announcement Info
| Company Name | TH PLANTATIONS BERHAD |
| Stock Name | THPLANT |
| Date Announced | 18 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14072025-00031 |