KUALA LUMPUR: Shares in AME Elite Consortium Bhd
fell marginally in early trade Tuesday after it was slapped with an additional tax and penalty totalling RM7.16mil by the Inland Revenue Board (IRB).
The integrated industrial space solutions provider declined one sen, or 0.38% to RM2.59. It has fallen some 7.3% so far this year.
AME said its wholly-owned subsidiary AME Development Sdn Bhd has been slapped with RM7.16mil in additional income tax and penalty by the Director General of IRB for the year of assessment 2018.
AME Development was served with a notice of additional assessment by the IRB mainly pursuant to the dispute on the withdrawal of stocks as investment properties.
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