The two subsidiaries are HG Power Transmission Sdn Bhd and Rohas-Euco Industries Bhd.

The three companies are involved in building high-voltage electricity transmission towers.

In a Bursa filing, Rohas Tecnic said the three companies received the freeze and seizure orders by MACC which were made under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

“The orders are believed to be issued as part of an MACC investigation concerning a contract entered into by HG Power Transmission in 2015, prior to Rohas Tecnic’s acquisition of the firm in 2017,” the company told the stock exchange.

The company said it is assessing the potential impact of the orders and the investigation on the group’s overall operations.

Rohas Tecnic said it is working closely with its appointed legal counsel regarding the orders, and will take all necessary actions to safeguard the interests of itself and its shareholders, Bernama reported.

The firm also said it believes that MACC’s investigation is isolated and is not related to the group’s other businesses or contracts.

“The board is treating this matter with the utmost priority, and the company reaffirms its commitment to the highest standards of integrity, transparency, and governance across all levels of the group’s operations,” it said.

At the closing bell, Rohas Tecnic’s shares fell 1.5 sen, or 5.17%, to 27.5 sen from 29 sen at yesterday’s close, with 226,200 units traded.

Rohas Tecnic’s business focusses on utility infrastructure in the power, telecommunications, and water sectors; HG Power Transmission is an engineering, procurement, and construction firm specialising in high-voltage transmission lines and substations; and Rohas-Eucos Industries specialises in the design and fabrication of steel structures primarily for high-tension transmission towers and substation structures.