KUALA LUMPUR: Property and hospitality group Avillion Bhd's share price was down 16.67 per cent today, after the company and its subsidiaries were listed as part of assets former finance minister Tun Daim Zainuddin failed to declare to the Malaysian Anti-Corruption Commission (MACC).
Daim's son Datuk Md Wira Dani Abdul Daim owns a 21.82 per cent interest in Avillion through Ibu Kota Developments Sdn Bhd.
Avillion owns five hotels including Avillion Port Dickson in Negeri Sembilan.
Its share price fell to a low of five sen during trading with some 19.7 million shares traded.
As at the first half of financial year ending March 31, 2024, Avillion's losses widened to a net loss of RM3 million from a net loss of RM2.37 million for the same period in the financial year 2023.
Daim was charged with failure to declare 71 of his assets to the MACC on Monday.
According to the charge sheet, the 85-year-old failed to comply with a MACC notice to declare his assets such as one bank account, seven luxury vehicles, 38 companies, and 25 properties at the MACC headquarters in Putrajaya on Dec 13, last year.