Authorities problem freeze order on Caely financial institution accounts

KUALA LUMPUR: Caely Holdings Bhd has introduced that the authorities have frozen the operations of all of the financial institution accounts of its group of corporations.

It mentioned in a bourse submitting that it expects an influence on the monetary and operational points of the group, though it’s unable to determine the extent of the influence at this juncture.

“The Board just isn’t conscious of any wrongdoing and can search additional clarification from the authorities on the problem.

“The Firm will make the required bulletins to Bursa as and when there are additional developments on the matter,” it mentioned.

Earlier than the noon break, shares in Caely have been final traded up one sen or 2.17% at 47 sen.

Its warrants have been up 0.5 sen or 3.7% to 14 sen a unit.


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