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PublicInvest positive over Magnum's IRB tax settlement


KUALA LUMPUR: PublicInvest Research is positive over Magnum Bhd 's agreed RM95mil settlement of a disputed tax penalty with the Inland Revenue Board.

"We view this positively as it removes the long-standing overhang issue, with the amount also significantly lower than the initial disputed amount of RM476.5m," it said in its Fridy report.

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