gqhong

gqhong | Joined since 2024-02-01

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4 weeks ago | Report Abuse

Land 1 = 1.2368 hectares cost rm 4.8m
Land 2 = 1.2419 hectares cost rm 3.7m
Total 2.4787 hectares or 266,805 sqft cost rm 8.5 m

Ijok development built up area 95,000 sqft

95,000 sqft / 266,805 sqft = utilized 35.6%

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2 months ago | Report Abuse

Hi Konnichiwa, first of all, u r right. The ar must issue to bursa and shareholders within 4 months after financial year ended. Example like aax, they extended the financial year into 18 months and ended on 31 dec 22. Their "notice of meeting" issued on 27 apr 23 and ar issued on 28 apr 23, within 4 months, no problem.

According to Ace market listing requirement 9.28 (5), if ar cannot be issue after 4 months and 5 market days, the counter will suspend trading by bursa on day 6. This is the case for reneuco. Their financial year ended on 30 sep 23, but until end of jan 24, no "notice of meeting" and ar issued. They try their best to meet the 5 market days deadline, which is on 8 feb 24, but they expect to issue ar on march.

For kanger case, they issued "notice of meeting" on 30 jan 24. Resolution 1 of the meeting is to receive the audited (18 months) financial statement ended 30 sept 23. It means the ar has been audited but havent issue to bursa and shareholders. As long as they can issue within 5 market days or by 8 feb 24, no big problem.