The Board of Directors would like to announce that the Company has on 19 September 2014 received two bills of demand both dated 17 September 2014 from the Selangor State Director of Royal Malaysian Customs (“State Customs”) for the following:
1. Excise duty amounting to RM35,698,219.81 for period of 1 July 2011 to 14 January 2014;
2. Sales Tax amounting to RM13,763,381.02 and penalty amounting to RM6,881,690.56 for period of 1 July 2011 to 14 January 2014.
The Company does not admit liability on the demands made by the State Customs and will take the appropriate measures upon seeking advice on the matter.
The Company will update any material developments on the above matter from time to time