Candy maker Khee San engages BDO in financing drawdown probe
KUALA LUMPUR (June 26): Candy manufacturer Khee San Bhd has engaged the service of BDO Governance Advisory Sdn Bhd to review the validity of Khee San's purchase orders, invoices, and other relevant documents used as a basis to draw down financing from its bankers.
Khee San told Bursa Malaysia in a filing yesterday that BDO would also trace the movement of funds from the receipts of the financing drawdown.
"The above scope of work shall cover the period from Oct 1, 2018 to March 31. This engagement shall commence immediately from the day hereof (June 25) and shall continue until the completion of the exercise.
"The company expects to complete this engagement within six weeks from the date hereof and the findings may, pursuant to the terms of this engagement, be announced accordingly for public record," Khee San said.
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