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Wednesday, November 30, 2011

GHL warns of possible financial impact on group and China unit (STAR)

GHL Systems Bhd said there may be a financial impact on its wholly-owned subsidiary GHL (Beijing) Co Ltd and the group in the current year following certain irregular transactions between GHL Beijing and a third-party company in which certain senior management personnel of GHL Beijing are interested in.

In a filing with Bursa Malaysia, the company said that until further independent investigations were completed, it did not have sufficient information currently to determine if the financial impact would be material.

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