SCIB has issued a press statement informing that Dato’ Dr. Ir. Ts. Mohd Abdul Karim bin Abdullah, which has been referred to by various media as the Company’s single largest shareholder with a 21.81% stake, does not appear as a shareholder based on the record of depositors as of 21 June 2023.
It added, that Dato’ Karim also does not appear on the list of the Company’s top 30 shareholders. The Company has noted a discrepancy between its ROD and the register of substantial shareholders that it keeps in relation to his shareholding. The last notices received by the Company by Dato’ Karim on the change of his shareholdings was dated 1 November 2021.
SCIB’s Company Secretary has written to Dato’ Karim to inform him of the discrepancy and requested confirmation as well as information on the status of his shares but has not received any updates from him. Under the Companies Act 2016, the shareholder has the duty to inform the Company and/or the Registrar in the event of any change or cessation of shareholding as a substantial shareholder and/or any dealing in shares. SCIB’s obligations are limited to making entries in the register of substantial shareholders upon receiving the required notices from the substantial shareholder and then making the requisite announcement to Bursa Malaysia Securities Berhad pursuant to the Main Market listing requirements.
Therefore, it said unless it receives a notice from Dato’ Karim, there is no requirement for the Company to make any entry in its register of substantial shareholders. Under the Companies Act, SCIB shall not be deemed to have notice of, or be required to inquire as to the right of Dato’ Karim in relation to his shares in the Company. There is no requirement for SCIB to make any disclosures on behalf of the person arising from the information in the ROD and/ or rectify the discrepancy.
