Business

Authorities issue freeze order for Caely’s bank accounts

Unable to ascertain full financial, operational impact yet, company says

Updated 4 years ago · Published on 18 Apr 2022 4:15PM

Authorities issue freeze order for Caely’s bank accounts
Trading in Caely Holdings Bhd’s securities has been halted an hour with effect from 2.30pm today and will resume trading with effect from 3.30pm. – caelyholdings.com pic, April 18, 2022

KUALA LUMPUR – Caely Holdings Bhd announced that the authorties has issued a freezing order for the operation of all bank accounts of Caely Group of Companies.

In a filing with Bursa Malaysia today, it said the company expects an impact on the financial and operational aspects on the Caely Group of Companies as a result of the freezing order.

“The board is unable to ascertain the full financial and operational impact at this juncture,” it said.

It said the board was not aware of any wrongdoing and would seek further clarification from the authorities on the issue.

“The company will make the necessary announcements to Bursa Malaysia as and when there are further developments on the matter,” it said.

Trading in Caely’s securities has been halted an hour with effect from 2.30pm today and will resume trading with effect from 3.30pm.

At lunch break, Caely’s shares were traded one sen higher to 47 sen with 1.86 million shares transacted. – Bernama, April 18, 2022

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