What’s up at Xin Hwa?
What’s up at Xin Hwa?
ANY account of alleged irregularities within a company is bound to be a red flag for investors.
So when logistics firm Xin Hwa Holdings Bhd said on Thursday that it had been alerted on some financial irregularities and had appointed KPMG Management & Risk Consulting Sdn Bhd to conduct an independent review on the firm, investors dumped the stock.
The stock was down close to 5% post-lunch trading hours yesterday.
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