As of 3.41pm today, Revenue lost 18 sen to 50 sen, giving it a market capitalisation of RM241.7 million. The company had issued a statement on the suspension after the market closed yesterday.

Ng Shih Chiow and Ng Shih Fang were suspended yesterday pending further investigation over certain complaints against them. The company’s website lists Shih Chiow as group chief operating officer and Shih Fang as group chief technology officer.

“Following information brought to the board’s attention, it has arrived at the decision to suspend the two executive directors immediately pending an investigation,” said MD and group CEO Eddie Ng Chee Siong in the statement yesterday.

“Notwithstanding this unfortunate event, the board would like to reassure all stakeholders it is business as usual for Revenue as the highly capable next level leadership team is handling day-to-day operations,” he added.

The group’s proprietary platform, revPAY, is a single platform that facilitates the acceptance of payment transaction across multiple payment channels from physical electronic data capture terminals, to virtual and QR payments.

revPAY also serves as a payment acquirer for payment platform such as MyDebit, UnionPay, Direct Debit, Alipay, Touch ’n Go eWallet, Boost eWallet and others.