Chen Loong's comment on WCEHB. All Comments

Chen Loong
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loss widened due to abnormal taxation, nothing to do with company operation. below is some highlights from report :

Included in taxation is an amount of RM61.7 million, representing the provision for Real Property
Gains Tax (“RPGT”) and penalty arising from the Notices of Assessment issued by the Director
General of Inland Revenue (DGIR) in relation to the disposal of shares in Radiant Pillar Sdn Bhd.
The Group has filed an appeal to the Special Commissioners of Income Tax against the Notices of
Assessment and is also pursuing a judicial review, with the case currently at the leave application stage
in court.
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