KUALA LUMPUR (Feb 21): Scan Associates Bhd non-independent and non-executive director Yeoh Eng Kong, who was suspended from the company's board on Sept 9 last year for breach of his duties, has been allowed to resume his role.

The company also said it will not take any further action against Yeoh as it deemed his suspension period as "adequate" and "served the purpose".    

In a filing with Bursa Malaysia today, Scan said the investigative committee — set up to investigate the possible serious breach of duties by Yeoh — had on Feb 16 concluded that he was in breach of his duties as a director of the company.

"After considering the statement/representation given by Yeoh, the board has agreed to uplift the suspension from Feb 17, 2017 and he will resume his role as a director on the same date," it added.

Recall that on Sept 9 last year, the company had suspended Yeoh from his role for an initial two-month period amid an internal investigation. The suspension period was later extended thrice, once on Nov 9, 2016 and then on Dec 9, 2016 to give Scan’s investigative committee more time to gather additional evidence and information before making its conclusion.

On Feb 8 this year, Scan once again announced that it would extend Yeoh’s suspension till March 8 as the committee required more time to analyse and conclude its case against Yeoh.

Trading in Practice Note 17, Scan has been suspended since May last year pending its delisting, which has since been deferred until further notice due to the court proceedings between Scan and Yeoh.

According to a filing by the ICT solutions provider on Feb 3, it has received an extension until May 31 to submit its regularisation plan.