Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (“Bursa Malaysia Securities” or the “Exchange”) has publicly reprimanded and imposed a fine of RM30,000 on Cheong Chen Khan (“Cheong”), the former Executive Director of Scanwolf Corporation Berhad (“SCNWOLF”) for breach of paragraphs 2.18(1)(a) and (c) of the Bursa Malaysia Securities MAIN Market Listing Requirements (“MAIN LR”).
Paragraphs 2.18(1)(a) and (c) of the MAIN LR state that the director of a listed issuer must ensure that any statement, information or document presented, submitted or disclosed pursuant to the MAIN LR is clear, unambiguous, accurate and is not false or misleading.
Cheong had submitted and/ or caused SCNWOLF to submit inaccurate and false/ misleading statement pertaining to his honorific title “Dato” in SCNWOLF’s annual reports for the financial years ended (“FYE”) 30 June 2022, 2023, and 2024.
The public reprimand and fine was imposed on Cheong pursuant to paragraph 16.19 of the MAIN LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.
Bursa Malaysia Securities views the breach seriously as all directors must maintain the highest standards of integrity, accountability, corporate governance, and responsibility.
BACKGROUND
SCNWOLF had disclosed Cheong as “Dato’ Cheong Chen Khan” in various sections including the Directors’ Profile of the company’s annual reports for the FYEs 30 June 2022, 2023, and 2024.
Cheong had misrepresented himself as a recipient of the honorific title “Dato” and submitted false documents to SCNWOLF in support of the purported conferment and inclusion of the title in the annual reports.
Cheong had resigned from the Board of SCNWOLF on 1 October 2025.
