(Kuala Lumpur, 11th news) TMC Life Sciences' $TMCLIFE (0101.MY)$ former CEO Wan Nadia confirmed that she was removed from the position of CEO due to allegations of improper conduct, and stated that she will appeal against this decision.
In a statement on Tuesday, Wan Nadia said she had received a notification letter from the board informing her of her dismissal.
Just this Monday, at an extraordinary shareholder meeting convened by TMC Life Sciences regarding Wan Nadia's case, they approved the removal of her duties.
Wan Nadia said in a statement: "I would like to confirm that I have not been accused of any criminal behavior, criminal dishonesty, financial mismanagement, or integrity-related issues."
"In any case, I strongly deny all improper behavior allegations made against me by the company and will explore all possible ways to seek a fair resolution, including legal means."
TMC Life Sciences stated in a announcement on the Bursa Malaysia Exchange on Tuesday that the decision to remove Wan Nadia from her position was made after careful consideration of her years of service, performance record, mitigating circumstances, and the results of an independent internal investigation into the 5 allegations of improper conduct.
"These allegations involve issues arising from the termination of agreements with insurance companies and ICT engineering agreements."
During the investigation, Vanessa once counterattacked these accusations, claiming that the company tried to "blame" her for certain contract decisions.
The performance during the term is there for all to see.
Vanessa also said she was disappointed with the circumstances that led to her leaving the company.
"As a CEO, my performance is obvious...

(Kuala Lumpur, 11th) AsiaTong $AXIATA (6888.MY)$ and Sinar Mas Group from Indonesia have officially reached an agreement to merge their respective telecommunications companies in Indonesia, XL AsiaTong, Smartfren Telecom (Smartfren), and Smart Telcom (SmartTel), becoming one of the country's three telecommunications giants.
According to the press release, the merged telecommunications company will be named PT XLSmart Telecom Sejahtera Tbk (XLSmart), with XL AsiaTong as the main entity, and will maintain its listing status in Indonesia. Smartfren and SmartTel will be dissolved.
The above-mentioned merger transaction prices XL AsiaTong at 2350 Indonesian rupiahs per share (about 65.5 cents), according to Bloomberg, this equates to valuing XLSmart at 6.5 billion USD (approximately 28.7 billion 60 million Ringgit).
Yatong stated that the total customer base served by XLSmart is 94.5 million people, accounting for approximately 27% of the PT Telekomunikasi Indonesia market.
According to calculations, after expanding the scale, XLSmart's total revenue is 45.4 trillion Indonesian Rupiah (approximately 12.645 billion Ringgit), and the earnings before interest, taxes, depreciation, and amortization (EBITDA) are 22.4 trillion Indonesian Rupiah (approximately 6.240 million Ringgit).
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Nvidia is set to join the Dow Jones Industrial Average, replacing $Intel (INTC.US)$, effective before market open on Nov. 8, S&P Dow Jones Indices announced Friday.
Nvidia Poised to Overtake Apple as Most Valuable Company
Following the announcement, $NVIDIA (NVDA.US)$ shares surged over 2.5% in premarket trading Monday. This trajectory could bolster its market cap to $3.4 trillion at the open, potentially overt...