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 […]

Asia Pacific Breweries (8/10/2007) announced in a statement that two of the four banks namely Mizuho Corporate Bank and Sumitomo Mitsui Banking Corporation have withdraw their claims pertaining to the commercial fraud case of its ex-finance manager Mr Chia Teck Leng. There is no discussion or settlement reached with the two banks.
APBS is confident that […]

The Minority Shareholders Watchdog Group (MSWG) had stakes in 232 public-listed companies at the end of August, giving the body with the locus standi to attend shareholders’ meeting to protect minority interest.
MSWG chief executive officer Abdul Wahab Jaafar Sidek said:-
·       the group had taken proactive action by buying shares in certain listed companies so that it […]

Megan Media Holdings Bhd, which had been hit by accounting scandals, reported an unaudited net loss of RM67.19 million for the first quarter ended July 31, 2007 compared with a net profit of RM13.45 million in the previous corresponding quarter. Announcing its results on Sept 28, it said ·        Revenue plunged to RM11.5 million from RM230.3 […]