PETALING JAYA: Carzo Holdings Bhd
(CHB) is proposing to cease its core business of distributing fresh fruits and fruit products, with immediate effect.
In a filing with Bursa Malaysia, the company said this was in view of the consecutive net losses recorded by the group for the financial years ended June 30, 2023 and June 30, 2024 of RM18.89mil and RM6.55mil, respectively, as well as capital deficiency of RM12.08mil recorded as at June 30, 2024.
