How you guys come to the figure of 0.14 billion? It's RM94.98 million payable by MHSB and RM5.25 million payable by Magnum. Please read carefully la. So total is around RM100 million. Look at the link below.
What a rotten deal! We the shareholders have no clue as to how the initial large figure was derived and how the final settlement was arrived. Was it just arm-twisting by LHDN? Did somebody make money here?
The payments will certainly be a bloody big strain on the future cash flows.
Next time the govt is short of money, just pick on Magnum again & say that you owe the govt say RM100m back taxes. Then a few months later negotiate down to RM60m - That's easy 60m in the pocket for doing nothing but bullying!
The dispute between Magnum and Inland Revenue Board (IRB) has been settled amicably. for live updates , Tp with proper analysis whtsp me at 01157968095
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3067 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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J For Janice
192 posts
Posted by J For Janice > 2018-09-21 08:44 | Report Abuse
it feel like magnum got blackmail,fxxking gov