The auditor was reappointed at the last AGM of the co held on 17.11.2020 till the next AGM .However ,the auditor had resigned on 10.02.2021 before the end of the term.
Usually,the resigning auditors must provide the company with the statement surrounding the circumstances of their resignation to be brought to the attention of the co shareholders and creditors.
Surprisingly, in the Co's statement for change of audiors,it says the resignation was on voluntary basis and the reason was due to disagreement on the audit fees.
I thought the audited fee had been duly determined and agreed upon well before the reappointment taken place on 17.11.2020 for another term.l doubt the reason for resignation was due to the audit fee. The auditors could have resigned at the AGM and did not seek for re-appointment if the audit fee was not pre-agreed then.
Furthermore,the board in their "change of auditors statement" says they are not aware of any matters that need to be brought to the attention of the SH of the co. There must be statements surronding the circumstances of the resignation of the auditors as the auditors had resigned before the end of their term
The more it goes ,the more doubts are cast,the more fishy it is....
Haha...as expected, the most heated forum that I visited, ucrest forum. Investment requires calmness. Why do we need to jump up down here and there. To add more if drop...
Fishy here fishy there again little joyvest...told u edi open one forum to discuss about all the fish stocks in bursa, discuss until next year also can't finish. One fishy here cock there, Another free auditor pula want complaint to SC but big mouth only.
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD UCREST BERHAD
Type Announcement Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD Description Dealing by Director in the Securities of UCrest Berhad ("UCrest") Outside Closed Period Pursuant to Chapter 14 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Directors of UCrest had given notice of their dealings in the securities arising from the exercise of share options under Employees Share Option Scheme of UCrest, details as set out below:-
Director Date of Transaction Type of Securities No. of Securities (Direct) Percentage (%) Consideration (RM) Remarks Eg Kaa Chee 30.4.2021 Share Options 2,000,000 2.520% 0.0868 Exercise of Share Options under Employee Share Option Scheme Abdul Razak Bin Dato' Haji Ipap 30.4.2021 Share Options 2,000,000 2.520% 0.0868 Exercise of Share Options under Employee Share Option Scheme Chuan Tsui Ju 30.4.2021 Share Options 2,000,000 2.520% 0.0868 Exercise of Share Options under Employee Share Option Scheme Thong Kooi Pin 30.4.2021 Share Options 2,500,000 3.150% 0.0868 Exercise of Share Options under Employee Share Option Scheme
Notes:
The percentage is calculated based on the number of unexercised options granted i.e. 79,362,000 options.
The notices of dealings from the respective Directors were received by the Company on 3 May 2021.
Notes:
The percentage is calculated based on the number of unexercised options granted i.e. 79,362,000 options.
The notices of dealings from the respective Directors were received by the Company on 3 May 2021.
Announcement Info Company Name UCREST BERHAD Stock Name UCREST Date Announced 03 May 2021 Category General Announcement for PLC Reference Number GA1-03052021-00129
Changes in Director's Interest (Section 219 of CA 2016) - MADAM CHUAN TSUI JU
Changes in Director's Interest (Section 219 of CA 2016) UCREST BERHAD
Information Compiled By KLSE
Particulars of Director Name MADAM CHUAN TSUI JU Descriptions(Class) Share Options
Details of changes No Date of change No of securities Type of transaction Nature of Interest 1 30/04/2021 2,000,000 Others Direct Interest Name of registered holder CHUAN TSUI JU Description of "Others" Type of Transaction Exercise of Options Consideration (if any) RM0.0868/ Share
Circumstances by reason of which change has occurred Exercise of Share Options under Employee Share Option Scheme ("ESOS") Nature of interest Direct Interest
Total no of securities after change Direct (units) 0 Direct (%) 0.000 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0.000 Date of notice 03/05/2021 Date notice received by Listed Issuer 03/05/2021
Announcement Info Company Name UCREST BERHAD Stock Name UCREST Date Announced 03 May 2021 Category Changes in Director's Interest Pursuant to Section 219 of CA 2016 Reference Number CS4-02052021-00001
Changes in Director's Interest (Section 219 of CA 2016) - MADAM CHUAN TSUI JU
Changes in Director's Interest (Section 219 of CA 2016) UCREST BERHAD
Information Compiled By KLSE
Particulars of Director Name MADAM CHUAN TSUI JU Descriptions(Class) Share Options
Details of changes No Date of change No of securities Type of transaction Nature of Interest 1 30/04/2021 2,000,000 Others Direct Interest Name of registered holder CHUAN TSUI JU Description of "Others" Type of Transaction Exercise of Options Consideration (if any) RM0.0868/ Share
Circumstances by reason of which change has occurred Exercise of Share Options under Employee Share Option Scheme ("ESOS") Nature of interest Direct Interest
Total no of securities after change Direct (units) 0 Direct (%) 0.000 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0.000 Date of notice 03/05/2021 Date notice received by Listed Issuer 03/05/2021
Announcement Info Company Name UCREST BERHAD Stock Name UCREST Date Announced 03 May 2021 Category Changes in Director's Interest Pursuant to Section 219 of CA 2016 Reference Number CS4-02052021-00001
The same chart can be interpreted differently. Some may say down and some say up. While we may ask others for opinion, it is us who finally hv to make decision to buy, to sell, to monitor, or to stay away. So, invest your time to read about the company ( not about the views here and there, fish here, cock there, on and on). All the best.
Wah, this counter not exactly moving high and already can see so many so called professionals commenting. Wonder how the comments would be like once it hit rm1. There will be comments like 'i told you so' bla bla bla when during corrections. My 6 figures earnings from counters like Mah Sing, Prolexus and Genting also have these negative elements. To me, I don't care and I don't listeni to these nuisance. Share market is not for faint hearted where you are easily swayed positively or negatively. Tayor, you have confidence you invest. I will go for 7 figure profit from this counter alone. Takes time.
Even before goreng on 15/3/21, the price had been consolidated around RM0.15 for ~1 year. RM0.0868 which is about 50% discounted prices is raping gao gao... haha...
Roughly 1 month average price ~0.3 1 week average price ~0.4
kesian ycp1992.. saya sangat bersimpati dengan anda. jadikan ini pengajaran, jangan mudah percaya dengan janji manis Director and all promoter in this forum.
ycp1992, sorry for your misfortune. The way u invest is too risky. Hopefully u can overcome your problem and do not afraid to confront your problem to your family and trusted friends. With the bless of god, i hope that the price could reach your tp for once to help u out from misery, if not, please and please be brave and strong to face the problems. Take care bro, nothing is unsolvable!
@ycp1992 and @hisehatu Ycp, hisenhantu had given you a very good advise not easily believe in what is said in this forum, but he himself had simply & easily believe in what you said....
ycp if really whatever you said is true, by telling in this forum, NO BODY CAN REALLY HELP YOU... except words like ... kesian...only.
ES0S is supposed to benefit the employees but too bad,this was not the case.69.6.m shares option under ESOS had been approved in 2018. The ES0S is valid for 3 years.
So far,23.2 m shares out of 69.6 m under ESOS have been issued.of 23.2 m shares,21.86 m were granted to the directors in April 2020 representing 94.2% while 5.8% was granted to the employees ...very pathetic as it appears to be .The exercise price was predetermined at 0.0868 incredibly low..
Since the announcement for exercise of share option has been declared,basically,it has been exercised meaning already disposed ...too bad
The remaining ES0S ungranted as at to date stands at 46.3 m shares. Another tranche of ESOS is expected to be granted to Directors very soon. Sounds like another blow to you?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Volodya
48 posts
Posted by Volodya > 2021-05-03 17:06 | Report Abuse
opinions are like assholes. everyone has them :)