Kinsteel and Perwaja face delay in releasing audited accounts


PETALING JAYA: Loss-making Kinsteel Bhd and its associate company Perwaja Holdings Bhd risk having their shares suspended from trading on Bursa Malaysia should the companies fail to meet a deadline to issue their audited financial statements.

The companies are in the midst of finalising the valuation of the fixed assets which has caused a delay in the release of its audited financial statements for the financial period ended June 30, 2014.

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