IPOH, Sept 24 – The Ministry of Domestic Trade and Cost of Living (KPDN) is currently reviewing the registration of GISB Holdings Sdn Bhd (GISBH) and its subsidiary companies, says its Minister, Datuk Armizan Mohd Ali.
He said the review was being conducted by the Companies Commission of Malaysia (SSM), focusing on compliance with the submission of annual reports, financial statements, and other related matters.
He added that the company could face deregistration if it was found to have violated public interest or current regulations.
“At KPDN, we are looking into this under the regulatory acts of SSM, and we are also working closely with the Royal Malaysia Police (PDRM) to assist in the investigation of GISBH,” he told reporters after attending the opening ceremony of Menara SSM Perak on Tuesday.
Armizan said KPDN was also collaborating with the Malaysian Communications and Multimedia Commission (MCMC) to monitor the online promotion of products related to GISBH through digital or other mediums.
He mentioned that if there were any violations, his ministry would file an official report with MCMC for appropriate action to be taken.
