WTK Holdings takes a RM51mil hit


Regulators in Malaysia, Singapore, Indonesia and Thailand have also placed Financial.org on alert lists of unauthorised firms with whom investors should exercise caution.

KUALA LUMPUR: WTK Holdings Bhd said the winding up of wholly owned unit Alanya Marine Ventures Sdn Bhd (AMV) to result in a one off RM51mil loss for the company.

“The company is of the view the total impact as mentioned above should be accounted in WTK group’s financial results for fourth quarter ended Dec 31, 2017,’ it said in a filing with Bursa Malaysia today.

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