KUALA LUMPUR, Aug 21 (Bernama) -- Six bank accounts belonging to Khee San Bhd’s wholly owned subsidiary Khee San Food Industries Sdn Bhd (KSFI), have been frozen following an investigation under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA).
In a filing with Bursa Malaysia today, the candy maker said KSFI was notified on Aug 21 that the six accounts maintained with a bank had been frozen pursuant to the investigation.
“The accounts are actively utilised to support the day-to-day operations of the group,” the company said.
Khee San said it is taking the necessary steps to resolve the matter and will extend its full cooperation to the relevant authorities in connection with any investigation.
The company said the freezing of the accounts is expected to cause some disruption to the group’s operations based on the information currently available to its board.
“However, the board is of the view that, at this juncture, the matter is not expected to have a material financial impact on the group,” it said.
Khee San said it will make further announcements as and when there are material developments relating to the matter.
-- BERNAMA