ABLE Global Bhd’s CEO/executive director Edward Goh Swee Wang has been released from remand following his assistance in the ongoing investigation by the Malaysian Anti-Corruption Commission (MACC) regarding matters related to the private company affairs of its chairman/executive director Ng Keng Hoe.

In an exchange filing today (Feb 18), the dairy manufacturer and tin can maker said its CEO was remanded solely to facilitate the investigation and was not in a position to comment on the ongoing investigation.

He has since resumed his duties and business operations of the company continue as usual, it added.

The statement also added that Ng has also been released from remand by the MACC.

The share price has dropped 16% in the last week, from RM1.83 on Feb 10 to RM1.53 today. –TMR