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PETALING JAYA: Practice Note 17 (PN17) company Seacera Group Bhd is seeking legal advice following a tax declaration that was made by the company’s unit, Duta Skyline Sdn Bhd, without prior board approval.
KUALA LUMPUR: The Inland Revenue Board has accepted the voluntary declaration made by Seacera Group Bhd's unit Duta Skyline Sdn Bhd to settle RM22.18mil in overdue tax but this had met with objection from Seacera's board.
KUALA LUMPUR: Seacera Group Bhd’s unit, Seacera Properties Sdn Bhd, is acquiring 1.5 million shares of RM1 each in Duta Nilai Holdings Sdn Bhd for RM165.1mil.
KUALA LUMPUR: The proposed RM220mil purchase of Duta Nilai Holdings Sdn Bhd, which would have given Seacera Group Bhd slightly more than 250 acres in Selangor to undertake a property development project, has been terminated.