Friday 29 Mar 2024
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KUALA LUMPUR (April 23): Offshore supply vessel provider Icon Offshore Bhd told Bursa Malaysia today that the remand of its chief executive officer (CEO) Dr Jamal Yusof and chief operating officer (COO) Rahman Yusof is for three days.

In response to the local exchange’s query, Icon Offshore said it was informed of the remand period by the duo’s legal counsel.

In their absence, the group said its deputy CEO Captain Hassan Ali will be in charge of the group’s day-to-day management, as well as the co-ordination of the group’s administrative and business activities.

As such, Icon Offshore said it does not expect the remand to have any financial or operational impact on the group.

“In the absence of the CEO, Captain Hassan as the Deputy CEO, has assumed the functions of the CEO with effect from Apr 22, 2015, in addition to his existing responsibilities,” Icon Offshore said.

“In light of the development, our company has engaged our stakeholders, namely our customers and lenders, to appraise them of the matter and at the same time, provide assurance to our stakeholders that it is business as usual for our group, under the stewardship of our Deputy CEO,” it added.   

Yesterday, the group said the Malaysian Anti-Corruption Commission has remanded Jamal and Rahman to “facilitate and assist [in] investigations” currently being conducted by the anti-corruption agency.

Icon Offshore’s share price fell 7.5 sen or 10.95% to 61 sen today, with 79.04 million shares traded, making it the second most-traded counter today. The current price gives it a market capitalisation of RM718.08 million.

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