Section 139
Person who ceases to be substantial shareholder to notify company
(a)
in the case of a company whose shares are quoted on a stock exchange, within three days after the person ceased to be a substantial shareholder; or
(b)
in any other case, within five days after the person ceased to be a substantial shareholder.
(2)
The notice shall contain—
(a)
the name and date of which the person ceased to be a substantial shareholder; and
Companies 163
(b)
the full particulars of the circumstances by reason of which the person ceased to be a substantial shareholder.
(3)
Any substantial shareholder who contravenes this section commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit and, in the case of a continuing offence, to a further fine not exceeding one thousand ringgit for each day during which the offence continues after conviction.