Sin Heng Chan given 2 months to pick auditors

THE Securities Commission (SC) has given financially-troubled Sin Heng Chan (Malaya) Bhd two months to appoint investigative auditors to conduct an independent assessment of the company’s previous losses. 

The PN4 company, which had accumulated losses of RM51.9mil at Sept 30, was also asked by the SC to take the necessary steps to recover the losses, and to report to the relevant authorities any breaches of law or regulations by a director or other party that had caused the losses.