Licence freeze to have impact on Xin Hwa


PETALING JAYA: Xin Hwa Holdings Bhd has announced that its cargo transport unit has had its goods vehicle operator licence suspended by the Johor Baru Land Public Transport Agency for non-full compliance with the industrial safety code of practice.

In a filing with Bursa Malaysia, the company said the suspension will have an adverse impact on its operations.

It said Xin Hwa Trading and Transport Sdn Bhd had failed to ensure that all goods vehicles under its operation are maintained in a condition deemed safe for use by the director general of road transport.

The suspension will take effect from Nov 13, 2024 to Feb 10, 2025, or until it achieves full compliance with the Code of Practice for Industrial Safety.

   

Next In Business News

PETRONAS Dagangan share price surges on strong 3Q net profit
Ringgit opens lower against US$ as DXY rebounds
FBM KLCI continues to see upside momentum
Trading ideas: IJM, RHB, MR DIY, Haily, Infomina, Radium, Key Asic, TMK, TopVision, KPJ, PetDag, KLCCP, SP Setia, IOI Prop, MPI
Oil falls more than US$2 a barrel on possible Middle East peace deal
Wall St closes higher; small-caps hit record high after Trump nominates Bessent
Chinese electric vehicle brands are spreading to Azerbaijan
Bond market halts run as buyers pounce on 4.5% yields
Murky 2025 for currently strong US dollar
BYD’s hybrid pickup targets Australia’s love of petrol-guzzlers

Others Also Read