SJ Securities resigns as independent adviser to Zecon

PETALING JAYA: SJ Securities Sdn Bhd has resigned as the independent adviser for Zecon Bhd’s privatisation.

The principal adviser for the deal, Affin Investment Bank Bhd, told Bursa Malaysia yesterday that the construction outfit had received a letter from SJ Securities, saying it had withdrawn from acting as independent adviser to non-interested directors, entitled shareholders and entitled warrant-holders.