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Capital World Ltd. ( (SG:1D5) ) has shared an update.
Capital World Limited has announced that its subsidiary’s executive director and two employees have been interviewed by the Malaysian Anti-Corruption Commission (MACC) as part of an ongoing investigation into transactions involving the company’s former subsidiary, MCM Studio Entertainment Group, between January 2018 and December 2018. Despite the investigation, the company’s board believes that the executive director’s duties will not be affected and operations will continue as usual. The company is committed to cooperating with regulatory authorities and will keep shareholders informed of any significant developments.
More about Capital World Ltd.
Capital World Limited, incorporated in the Cayman Islands, operates in the property development industry with its subsidiary Capital City Property Sdn. Bhd. The company previously held a stake in MCM Studio Entertainment Group Sdn. Bhd., which it disposed of in 2020.
Current Market Cap: S$32.2M
For an in-depth examination of 1D5 stock, go to TipRanks’ Stock Analysis page.