KUALA LUMPUR, Sept 29 (Bernama) — Selangor Dredging Berhad (SDB), one of Malaysia’s niche boutique developer concluded its fully virtual 59th Annual General Meeting (AGM) today. In view of the current Covid-19 pandemic, the company is adopting a prudent approach for the next 12 months in view of volatile market conditions and economic uncertainties.
Reviewing its performance for the financial year ended 31st March 2020, SDB Chairman Eddy Chieng explained that the Group navigated a very challenging environment with external uncertainties, weaker economic conditions as well as the resulting Movement Control Order (MCO) which was implemented in Malaysia from 18th March and in Singapore from the 4th of April 2020.