Authorities issues freeze order for Caely’s bank accounts

by BERNAMA / pic by TMR FILE 

KUALA LUMPUR – Caely Holdings Bhd announced that the authority has issued a freezing order for the operation of all bank accounts of Caely Group of Companies.

In a filing with Bursa Malaysia today, it said the company expected an impact on the financial and operational aspects on the Caely Group of Companies as a result of the freezing order.

“The board is unable to ascertain the full financial and operational impact at this juncture,” it said.

It said the board was not aware of any wrongdoing and would seek further clarification from the authorities on the issue.

“The company will make the necessary announcements to Bursa Malaysia as and when there are further developments on the matter,” it said.

Trading in Caely’s securities has been halted an hour with effect from 2.30 pm today and will resume trading with effect from 3.30 pm.

At lunch break, Caely’s shares was traded one sen higher to 47 sen with 1.86 million shares transacted.