Padini Holdings Berhad confirmed on Wednesday that the Malaysian Anti-Corruption Commission (MACC) has unfrozen all bank accounts belonging to the company and its subsidiaries.
The move restores full access to corporate funds that had been restricted as part of the regulator's investigation into the Kuala Lumpur-based fashion retailer.
The unfreezing marks a significant de-escalation in the regulatory pressure facing Padini.
While the underlying probe remains active, the removal of asset freezes allows the company to resume normal cash management and operational liquidity without the friction of restricted accounts.
This development is likely to ease near-term concerns among investors regarding the retailer's working capital and day-to-day financial flexibility.
The action follows a pattern of regulatory adjustments in Malaysia, where the MACC has recently revoked seizure orders on other entities, including a Rohas Tecnic unit and its officers, effectively unfreezing assets locked under anti-money laundering provisions.