Its chief executive officer Datuk Abu Tariq Jamaluddin said such measures were based on information received periodically from tax authorities across the world.
Widad Group Bhd, in a response to a Bursa Malaysia query, said it was not aware of any corporate development relating to the group’s business that has not been previously announced that may account for the activity, including those in the negotiation stage or discussion for several business proposals which were still under preliminary discussions.