Gemilang International (6163) Initiates Legal Proceedings Against Former Directors and Declares No Association with Sun Bus Tech Sdn Bhd

Bulletin Express
02/16

Gemilang International Limited (the “Company,” together with its subsidiaries, the “Group”) announced on 16 February 2026 that it has commenced legal action against a former executive director, effective 11 February 2026. The individual, identified as Mr. Phang Sun Wah, allegedly breached restrictive covenants detailed in his letter of appointment and code of conduct, including prohibitions against conflicts of interest and engagement in competing businesses during his tenure with Gemilang Coachwork Sdn Bhd (GCSB).

According to the announcement, Mr. Phang and his daughter, Ms. Phang Huey Shyan, had previously served as executive directors before resigning on 11 January 2021 and 8 December 2020, respectively. The Company now seeks damages for losses attributed to the claimed breaches and maintains the right to pursue additional recovery from other former directors or employees if necessary.

The Group also formally declared that neither the Company nor any of its subsidiaries has any connection or collaboration—whether through shareholding, directorship, or employment—with Sun Wah Holdings Sdn. Bhd. or Sun Bus Tech Sdn Bhd. Additionally, the Company clarified that it is not associated with Mr. Phang, Ms. Phang, or any of their associates, reaffirming a complete separation of interests and business activities.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10