Workers are painting the shoes sole in the factory of a subsidiary of Multi Sports Holdings Ltd in Jinjiang, China. - Filepic
PETALING JAYA: The Securities Commission (SC) has deemed Multi Sports Holdings Ltd’s retention of Lin Huozhi and Lin Liying as executive directors as prejudicial to public interest.
The China-based shoe manufacturer, a Practice Note 17 (PN17) company, in June 2018 had been reprimanded by the SC for furnishing false or misleading financial statements to Bursa Malaysia. This represented a breach of section 369 of the Capital Markets and Services Act 2007 (CMSA).
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