NationGate confirms MACC raid on unit over scrap metal smuggling, pledges full cooperation
'The board views these allegations with utmost seriousness and has taken proactive steps to ensure full cooperation with the MACC and to safeguard the integrity of the investigation.
'Our company remains steadfast in its commitment to the highest standards of corporate governance, accountability, and transparency,' NationGate said in a Bursa Malaysia filing today, adding that the raid took place yesterday.
It assured stakeholders that they will use their reasonable endeavours to ensure business operations remain unaffected, and appropriate interim measures have been put in place.
The board will make further announcements on material developments in compliance with Bursa Malaysia Securities Bhd's Listing Requirements and as required by law.
At lunch break, NationGate's share prices had risen by eight sen to RM1.69, with 27.12 million shares traded. — Bernama
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