KUALA LUMPUR (Dec 20): A unit of Puncak Niaga Holdings Bhd has received two bills of demand from the Royal Malaysian Customs Department for Goods and Services Tax payments totalling RM5.27 million.

In a filing with Bursa Malaysia yesterday, it said the bills of demand were issued to its wholly-owned unit Puncak Niaga Management Services Sdn Bhd (PNMSSB), for the period Feb 1, 2016 to Dec 31, 2017.

PNMSSB has sought advice from its tax agent and solicitors on the next course of action. Based on the preliminary advice received, PNMSSB will contest and appeal against the demand.

The company said it would make an announcement on further developments in due course.

Shares price of Puncak Niaga closed half a sen or 1.47% lower at 33.5 sen yesterday, translating into a market capitalisation of RM149.83 million. Some 321,400 shares were traded.

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