Latest news with #THPlantations
Malay Mail
4 days ago
- Business
- Malay Mail
TH Plantations CEO put on garden leave, CFO resigns as allegations of RM5m payouts emerge
KUALA LUMPUR, July 19 — TH Plantations Bhd (THP) chief executive officer (CEO) Mohamed Zainurin Mohamed Zain and chief financial officer (CFO) Marliyana Omar have been served with show cause letters, relating to alleged unauthorised payments of RM5.1 million made to plantation workers. The CEO has also been placed on garden leave commencing from the date of issuance of the show cause letter until further notice, the group said in a filing with Bursa Malaysia today. Marliyana, however, has chosen to tender her resignation with immediate effect, it added. '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,' it said. The composition of the board exco consists of THP chairman Datuk Dr Ahmad Kushairi Din, THP independent non-executive director Kasmuri Sukardi, non-independent non-executive director Nor Adila Ismail and chief operating officer Alikamal Abu Hassan. — Bernama
Free Malaysia Today
4 days ago
- Business
- Free Malaysia Today
TH Plantations CEO put on garden leave, CFO quits over RM5mil payouts
TH Plantations Bhd is a Malaysian oil palm company under Tabung Haji. KUALA LUMPUR : TH Plantations Bhd CEO Zainurin Zain and CFO Marliyana Omar have been served with show-cause letters over alleged unauthorised payments of RM5.1 million to plantation workers. In a filing with Bursa Malaysia, TH Plantations said Zainurin has been placed on garden leave until further notice while Marliyana 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 committee until further notice,' it said. The temporary board committee comprises TH Plantations chairman Ahmad Kushairi Din, independent non-executive director Kasmuri Sukardi, non-independent non-executive director Nor Adila Ismail, and chief operating officer Alikamal Abu Hassan. TH Plantations is an oil palm company under Tabung Haji.
New Straits Times
4 days ago
- Business
- New Straits Times
TH Plantations CEO on garden leave over RM5mil payouts, CFO resigns
KUALA LUMPUR: TH Plantations Bhd chief executive officer (CEO) Mohamed Zainurin Mohamed Zain has been issued a show cause letter over alleged unauthorised payments amounting to RM5.1 million made to plantation workers. In a filing with Bursa Malaysia, the company said the letter raises serious concerns about the CEO's role in the disbursement of the funds without proper authorisation. "Together with the show cause letter, the CEO has been placed on garden leave commencing today, following the issuance of the show cause letter, until further notice," it said. At the same time, the company's chief financial officer (CFO), who also received a show cause letter on the same day, has tendered her resignation with immediate effect. Despite the leadership changes, TH Plantations assured stakeholders that it remains committed to operational continuity. "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 of TH Plantations, until further notice," it said. In a separate filing, TH Plantations said CFO Marliyana Omar had "voluntarily" resigned from the role. Marliyana, 44, joined the company in 2009 as an assistant manager and rose to become finance head, overseeing planning, management and execution of the group's financial operations.
Yahoo
25-05-2025
- Business
- Yahoo
TH Plantations Berhad First Quarter 2025 Earnings: EPS: RM0.01 (vs RM0.01 in 1Q 2024)
Revenue: RM179.1m (up 14% from 1Q 2024). Net income: RM12.8m (up 50% from 1Q 2024). Profit margin: 7.2% (up from 5.4% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: RM0.01 (in line with 1Q 2024). Our free stock report includes 2 warning signs investors should be aware of before investing in TH Plantations Berhad. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Food industry in Malaysia. Performance of the Malaysian Food industry. The company's shares are down 5.5% from a week ago. We don't want to rain on the parade too much, but we did also find 2 warning signs for TH Plantations Berhad that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
