General Announcement for PLC

14/02/2019

OTHERS Appointment of KPMG Management & Risk Consulting Sdn. Bhd. to conduct an Independent Investigative Review

XIN HWA HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description 
Appointment of KPMG Management & Risk Consulting Sdn. Bhd. to conduct an Independent Investigative Review

The Company wish to announce that the Board have been alerted on alleged irregularities on some transactions and payments. Following from engagement with Bursa on the matter, the Board therefore has today appointed KPMG Management & Risk Consulting Sdn. Bhd. to conduct an independent review on these allegations to ascertain whether there is any irregularity.

 

The full review is expected to be completed within 10 weeks from the commencement of the work, which is expected to commence on 18 February 2019.

 

The Board will provide an update should there be any material development to the above matter.

 

This announcement is dated 14th day of February 2019.



Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA
Date Announced 14 Feb 2019
Category General Announcement for PLC
Reference Number GA1-14022019-00031


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