Earlier Welli Multi was in the limelight over SC’s query over the authencity of its trade receivable of Rm113m, recently, the company’s former managing director Ang Sun Beng and former executive director Ang Soon An were charged by the Securities Commission (SC) with four counts of providing misleading financial statements to both the SC and [...]

Liqua Health Corporation Bhd, a main board-listed company which is primarily involved in the selling of health food products like spirulina using the multi level marketing model/concept has informed Securities Commission that it had appointed chartered accounting firm Baker Tilly Monteiro Heong to conduct an investigative audit of certain transactions disclosed in the company’s fourth-quarter results [...]

In the Chairman’s report of MP Technology Resources Bhd dated 4th May 2007 for the year ended Nov 30 2006, its executive chairman Mat Hassan Esa highlighted that there are previous mismanagements which resulted in a much greater group loss.
Group losses for the year were RM142.99mil, up from losses of RM30.3mil in the previous [...]