What’s up at Xin Hwa?

TheStar Sat, Feb 16, 2019 10:01am - 5 years View Original


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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