CMSB taps KPMG to undertake independent review on certain investment, contracts


KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMSB) has appointed KPMG Management & Risk Consulting Sdn Bhd as an independent firm to review the financial management involving certain investment and contracts.

Earlier, on May 5, the company told Bursa Malaysia that it has suspended group chief financial officer Syed Hizam Alsagoff for 30 days.

“The Board has today resolved to extend the suspension by 60 days to accommodate the duration required for KPMG MRC to carry out its work and report to the Board,” CMSB said in a filing with Bursa Malaysia today.

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