UEMS

1.170

+0.02 (+1.7%)

OTHERS UEM SUNRISE BERHAD ("UEM SUNRISE" OR "COMPANY") NOTICES OF ADDITIONAL TAX ASSESSMENT RAISED BY DIRECTOR GENERAL INLAND REVENUE RECEIVED BY UEM LAND BERHAD ("UEML") AND SYMPHONY HILLS SDN BHD ("SHSB"), BOTH OF WHICH ARE WHOLLY-OWNED SUBSIDIARIES OF UEM SUNRISE

UEM SUNRISE BERHAD

Type Announcement
Subject OTHERS
Description
UEM SUNRISE BERHAD ("UEM SUNRISE" OR "COMPANY")
NOTICES OF ADDITIONAL TAX ASSESSMENT RAISED BY DIRECTOR GENERAL INLAND REVENUE RECEIVED BY UEM LAND BERHAD ("UEML") AND SYMPHONY HILLS SDN BHD ("SHSB"), BOTH OF WHICH ARE WHOLLY-OWNED SUBSIDIARIES OF UEM SUNRISE

Reference is made to the Company’s announcements dated 5 May 2021, 25 May 2021, 14 March 2023 and 17 March 2023 in relation to the Notices received by UEML and SHSB. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the earlier announcements.

The Company wishes to announce that the Company has on 8 November 2023 received the decision of the Kuala Lumpur High Court disallowing SHSB’s leave for a judicial review application against the Minister of Finance.  The High Court of Kuala Lumpur also ordered SHSB to pay costs of RM2,500.00 to the Minister of Finance and Director General of Inland Revenue respectively.

Upon receipt of the decision, the Company has applied for and been granted an interim stay until the disposal of the stay application at the High Court. The formal stay application is to be filed within 30 days from 8 November 2023. The Company intends to file the formal stay application within the stipulated deadline.

Further announcements will be made as and when there are material developments on the matter.

This announcement is dated 8 November 2023.






Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 08 Nov 2023
Category General Announcement for PLC
Reference Number GA1-08112023-00057