We refer to the announcement made by the Company on 27 April 2026 in respect of the aforesaid matter.
The Company wishes to announce that a public statement in relation to the above was issued on 27 April 2026, as attached.
For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as previously defined in the announcement made on 27 April 2026, where applicable, unless stated otherwise defined herein.
The Board wishes to provide the following additional information:
On 24 April 2026, the Company has been notified that certain bank accounts of the Company and its subsidiary have been frozen by SPRM in connection with an investigation. At this juncture, the Company has not been informed of the full details or circumstances giving rise to the investigation.
The subsidiary involved is Cropmate Fertilizer Sdn Bhd and it is a major subsidiary of the Company.
The Company is actively taking the necessary steps to address the matter whereby Datuk Hisyam Teh Poh Teik has been appointed as its lead counsel together with Mustafa, Ling & Co as its Solicitors on record. A representation letter has been submitted to SPRM for its consideration, to seek for the unfreezing of the Company and its subsidiary's bank accounts.
- As of 24 April 2026, the total amount in the frozen bank accounts is approximately RM12.21 million.
The Company will continue to monitor the development of this matter and will make timely disclosures should there be any material updates.
This announcement is dated 28 April 2026.