SC reviews due diligence guidelines


When contacted, Advancecon group chief executive officer Datuk Phum Ang Kia said it was unable to give a new date for the prospectus launch at this juncture, pending queries from the SC.

KUALA LUMPUR: The Securities Commission (SC) is reviewing its guidelines on due diligence for corporate proposals to enhance clarity, standardisation and accountability.

SC deputy chief executive Datuk Ahmad Fairuz Zainol Abidin said the review process would involve collaboration with industry as well as legal and accounting professionals.

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