OTHERS MAYU GLOBAL GROUP BERHAD ("MAYU" or "the Company") - UPLIFTMENT OF BANKING ACCOUNTS OF MAYU AND ITS SUBSIDIARIES PURSUANT TO SECTION 44A OF THE ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING AND PROCEEDS OF UNLAWFUL ACTIVITIES ACT 2001(ACT 613) [AMLATFPUAA 2001 (ACT 613)] - REDESIGNATION OF MR. TAN KIM HEE FROM NON-EXECUTIVE DIRECTOR TO EXECUTIVE DIRECTOR
Type
Announcement
Subject
OTHERS
Description
MAYU GLOBAL GROUP BERHAD ("MAYU" or "the Company") - UPLIFTMENT OF BANKING ACCOUNTS OF MAYU AND ITS SUBSIDIARIES PURSUANT TO SECTION 44A OF THE ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING AND PROCEEDS OF UNLAWFUL ACTIVITIES ACT 2001(ACT 613) [AMLATFPUAA 2001 (ACT 613)] - REDESIGNATION OF MR. TAN KIM HEE FROM NON-EXECUTIVE DIRECTOR TO EXECUTIVE DIRECTOR
(1)UPLIFTMENT OF BANKING ACCOUNTS OF MAYU AND ITS SUBSIDIARIES PURSUANT TO SECTION 44A OF THE AMLATFPUAA 2001 (ACT 613)
Reference is made to the Company's previous announcements made on 3 April 2025, 15 April 2025, 24 April 2025, 30 July 2025, 4 August 2025, 5 August 2025, 11 February 2026, 13 February 2026 and 31 March 2026.
The Board of Directors of MAYU ("the Board") hereby announces that the Company and its following subsidiaries have received notification from Bukit Aman Polis Diraja Malaysia ("PDRM") on 21 April 2026 regarding the revocation of the freezing order under Section 44A of AMLATFPUAA (Act 613). Consequently, the related bank accounts have been restored to full operational:
No.
Name of Company
Bank
1.
Mayu Global Group Berhad
Holding Company
Affin Bank Berhad
2.
SMPC Industries Sdn. Bhd.
100% owned subsidiary
Affin Bank Berhad
3.
Progerex Sdn. Bhd.
100% owned subsidiary
Affin Bank Berhad
4.
Sungguh Gemilang Development Sdn. Bhd.
100% owned subsidiary
Affin Bank Berhad/Affin Islamic Bank Berhad
5.
Sparkle Gateway Sdn. Bhd.
100% owned subsidiary
Alliance Bank Malaysia Berhad
6.
Mutiara Biopolis Properties Sdn. Bhd.
80% owned subsidiary
Affin Bank Berhad
7.
MPSB Venture Sdn. Bhd.
100% owned subsidiary
RHB Bank Berhad
Following the release of RM6.3 million from the abovementioned bank accounts, the Board wishes to clarify that all of the Group's bank accounts remain fully operational and are not subject to any freezing orders by the PDRM.
(2) REDESIGNATION OF MR. TAN KIM HEE FROM NON-EXECUTIVE DIRECTOR ("NED") TO EXECUTIVE DIRECTOR ("ED")
Following the resolution of matters pursuant to AMLATFPUAA 2001 (ACT 613), the Board announces the redesignation of Mr. Tan Kim Hee from a NED to ED of the Company effective 22 April 2026.
This decision was made following the deliberation and recommendation of the Nomination and Remuneration Committee and subsequently approved by the Board of Directors on 22 April 2026 respectively. The Board, with Mr. Tan abstaining from both deliberation and voting, is of the opinion that Mr. Tan's redesignation is in the best interests of the Company.
