LTAT failed to state RM88.9m impairment in FY17 financial report, says audit dept
11 April 2019
In a statement today, LTAT chief executive officer Nik Amlizan Mohamed said the fair value for the two shares as of FY17 amounted to RM18.46 million compared with the purchase cost of RM107.36 million. “The findings by JAN clearly indicated that two transactions that took place was a result of lapses in complying with the Financial Reporting Standards,” she said.
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