KUALA LUMPUR (May 25): My EG Services Bhd (MyEG) has clarified that neither the company nor any of its directors was the subject of any investigation by the Malaysian Anti-Corruption Commission (MACC). "The board reiterates that the company is not the subject of any investigation whatsoever, past or present, being carried out by MACC on it or on any of its directors," MyEG said in a strongly-worded statement, which was filed with Bursa Malaysia today. MyEG referred to an article by theedgemarkets.com, and provided an additional clarification on the alleged office raid by MACC, a graft-buster agency. The article added UOB Kay Hian had in the report said the rumours were untrue. They have also guided that all operations are 'business as usual'," UOB Kay Hian analyst Vincent Khoo wrote, adding the allegations hurled at MyEG were "malicious" and "baseless".

Source: The Edge Markets May 25, 2018 12:28 UTC