Alam Maritime Resources Berhad is a formerly successful company that slid down from nearly RM 2.0 to RM 0.02 by not taking any action in face of challenges. Instead of developing a PLAN to deal with problems Alam used Covid regulations as a shield and excuse to perpetuate mismanagement and fiscal irresponsibility.
2024-06-14 13:08
ALAM MARITIM RESOURCES BHD KLSE (MYR): ALAM (5115)
Management disregards serious problems: loss of capital, uncertainity as a going concern, disclaimer of opinion. Delays Regularisation Plan.