KUALA LUMPUR: Aeon Credit (M) Service Bhd fell to its two-month low of RM13.06 after the Inland Revenue Board issued notices of “additional assessment with penalties” to it involving a collective RM96.82 million for the 2010 to 2016 assessment years. The stock, however, saw 35.30 per cent higher trading volume to 560,800 shares than Wednesday. Aeon Credit was served with notices of additional assessment for the years of assessment 2010 to 2016 with penalties by the IRB. However, Aeon Credit said it has appointed tax solicitors and is initiating proceedings to challenge the validity and legality of the said notices of additional assessment. Aeon Credit added that there are reasonable grounds to challenge the validity of the notices of additional assessment raised by the IRB and the penalties imposed.

Source: New Strait Times December 14, 2017 10:41 UTC