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2021-06-30 16:54 | Report Abuse
Calling external auditors of loss making penny stocks
External auditors have a big role to play to ensure companies do not cheat shareholders by hiding potential red flags from the audit report.
If Serbadk can sue KPMG for trying to raise potential red flags then shareholders must also be able to sue auditors for trying to hide potential red flags.
https://www.theedgemarkets.com/article/serba-dinamik-take-legal-action-against-external-auditor-kpmg-negligence
https://www.theedgemarkets.com/article/kpmg-says-audit-was-proper-and-will-contest-serba-dinamiks-suit-%E2%80%94-can-company-sue-its
https://www.nst.com.my/business/2021/06/701292/serba-dinamik-sues-kpmg-alleged-negligence-breaching-duties
https://focusmalaysia.my/serba-stands-firm-with-its-unprecedented-legal-suit-against-external-auditor/
Auditors must be ethical and bold like KPMG to insist on reporting suspicious and irregular transactions.
2021-06-30 11:33 | Report Abuse
Notice of Person Ceasing (Section 139 of CA 2016)
SANICHI TECHNOLOGY BERHAD
Particulars of Substantial Securities Holder
Name M N C WIRELESS BERHAD
Address 100-3.011, 129 Office, Jaya One
No. 72A, Jalan Profesor Diraja Ungku Aziz
46200 Petaling Jaya, Selangor Darul Ehsan
Petaling Jaya
46200 Selangor
Malaysia.
Company No. 200301033463 (635884-T)
Nationality/Country of incorporation Malaysia
Descriptions (Class)
Ordinary Shares
Name of registered holder M N C WIRELESS BERHAD
Address of registered holder
100-3.011, 129 Office, Jaya One No. 72A, Jalan Profesor Diraja Ungku Aziz 46200 Petaling Jaya, Selangor Darul Ehsan
Date of cessation 24 Jun 2021
No of securities disposed 38,989,500
Circumstances by reason of which a person ceases to be a substantial shareholder
Disposal via open market
Nature of interest
Direct Interest
Date of notice 28 Jun 2021
Date notice received by Listed Issuer 28 Jun 2021
2021-06-30 11:31 | Report Abuse
Loss making penny stock;
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
SANICHI TECHNOLOGY BERHAD
Particulars of substantial Securities Holder
Name CITA REALITI SDN BHD
Address Lot A-2-3A, 2nd Floor
Melawati Corporate Centre
Taman Melawati
Kuala Lumpur
53300 Wilayah Persekutuan
Malaysia.
Company No. 201801010137 (1272152-A)
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change No of securities Type of Transaction Nature of Interest
1 25 Jun 2021 63,980,000 Disposed Direct Interest
Name of registered holder CITA REALITI SDN BHD
Address of registered holder Lot A-2-3A, 2nd Floor, Melawati Corporate Centre, Taman Melawati, 53300 Kuala Lumpur, Wilayah Persekutuan
Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposal of ordinary shares via open market
Nature of interest Direct Interest
Direct (units) 63,980,000
Direct (%) 4.56
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 137,230,100
Date of notice 29 Jun 2021
Date notice received by Listed Issuer 29 Jun 2021
2021-06-30 11:07 | Report Abuse
Calling external auditors of loss making penny stocks
External auditors have a big role to play to ensure companies do not cheat shareholders by hiding potential red flags from the audit report.
If Serbadk can sue KPMG for trying to raise potential red flags then shareholders must also be able to sue auditors for trying to hide potential red flags.
https://www.theedgemarkets.com/article/serba-dinamik-take-legal-action-against-external-auditor-kpmg-negligence
https://www.theedgemarkets.com/article/kpmg-says-audit-was-proper-and-will-contest-serba-dinamiks-suit-%E2%80%94-can-company-sue-its
Auditors must be ethical and bold like KPMG to insist on reporting suspicious and irregular transactions.
============================================
Especially newbies, trade loss making penny stocks with caution, do not be greedy
Stock: [MTRONIC]: METRONIC GLOBAL BHD
2021-07-07 11:29 |
Post removed.Why?