JCY International saves RM600mil


Satisfied executives: (From left) Executive director Peter Lim , non-independent executive director Datuk Ben Tan Shih Leng, Wong and non-independent executive director Roger Goh Chye Kang having a light moment after JCY’s Q4 briefing.

KUALA LUMPUR: JCY International Bhd saved some RM600mil from the years 2002-2012 from being tax exempted and is looking to extend the status for another 10 years.

Speaking to reporters at its fourth quarter results briefing yesterday, finance director Datuk James Wong said the company has been in talks with Malaysia Investment Development Authority (Mida) to renew its tax-exempt status for another 10 years, as its exemption status expires next year.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , jcy , briefing , tax exemption , profit , stocks , shares , klci , klse ,

   

Next In Business News

Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
Businesses concerned about rising forex woes
Booming eCommerce bolsters consumption
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
Fernandes on board Capital A for five more years
China’s prices are too low for buyers to sweat about tariffs
UK firms told to ‘urgently review’ green claims

Others Also Read