Matang suspends CFO Tan Theng Hwee amid internal governance probe
KUALA LUMPUR: Matang Bhd has suspended its chief financial officer (CFO) and acting chief operating officer (COO) Tan Theng Hwee, effective immediately, to facilitate an internal investigation into several governance, operational, and management conduct matters.
Matang Bhd has suspended its CFO Tan Theng Hwee and acting COO amid an internal governance investigation. The board emphasized the suspension is a neutral interim measure, not a disciplinary action, and no wrongdoing has been found against Tan yet. To ensure business continuity, a consultant temporarily took over the CFO and COO roles. The company assured investors the leadership change will not materially impact the financial year ending June 30, 2027.
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