In April 2016, Nexgram‟s wholly-owned subsidiary, Nexgram Land Sdn Bhd, had acquired a 70% equity interest in Blue Hill Development Sdn Bhd (“Blue Hill”). Blue Hill is principally involved in the construction business and holds a G7 licence from the Construction Industry Development Board, Malaysia. A sum of RM4.00 million is proposed to be allocated to Blue Hill as mobilisation cost for a construction contract for a hotel in Kuala Lumpur. The construction contract of approximately RM40.0 million is currently at an advanced stage of negotiation.
NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "THE COMPANY") - APPOINTMENT OF SPECIAL AUDITOR TO VERIFY CERTAIN ASSETS WITHIN NEXGRAM AND ITS GROUP OF SUBSIDIARY COMPANIES ("NEXGRAM GROUP")
We refer to the announcements dated 7 March 2016 and 6 June 2016 in relation to the appointment of Ferrier Hodgson MH Sdn. Bhd. (“FHMH”) as the Special Auditor to carry out independent verification over certain assets within Nexgram Group.
SUMMARY OF KEY FINDINGS AND RECOMMENDATIONS 1. Review of the bank accounts maintained with foreign bank located outside Malaysia Key Findings a. During the course of FHMH’s review, FHMH has requested the management to furnish the secretarial records, general ledger, payment vouchers, bank statements and other relevant documents (“Requested Documents”) for Godynamic Investments Limited (“GIL”), PT Semesta Tirta Antara Raya (“PT Star”) and Circle Moon Sdn Bhd (formerly known as Nexgram Resources Sdn Bhd) (“NRSB”) to facilitate their review of the bank accounts of NHB Group maintained with banks outside Malaysia. b. FHMH has not received any of the Requested Documents as at the date of the Special Audit Report (“Report”) as Nexgram Holdings Berhad (“NHB”) had on 6 January 2016 and 7 January 2016 entered into two (2) individual share sale agreements (“Share Sale Agreements”) to dispose its entire interest in NRSB and GIL respectively. c. Based on the Share Sale Agreements sighted by FHMH, NHB and NNSB were required to surrender all the information and records of NRSB and GIL to the respective purchasers and no copies of the same shall be kept or revealed by NHB/NNSB. FHMH noted that all books and records of NRSB and GIL have been handed-over to the purchasers and the management has endeavoured to obtain the Requested Documents to facilitate FHMH’s review. However, as at the date of the Report, there was no reply from the purchasers. Recommendation from FHMH a. The Board to seek legal advice on NHB’s position with regards to the Required Documents and records of NRSB and GIL to facilitate FHMH’s review. b. The Board to follow up and confirm with the management whether NNSB has received full disposal consideration for the disposal of equity interest in GIL. c. If the above are not to the satisfaction of NHB, to seek legal advice as to the next course of action against the party/parties concerned and as to the possibility to recover all losses suffered by NHB Group and/or monies due to NHB Group, if any. 2. Review of the pre-development costs - Cyberjaya Project
That CH0NG CRlMINAL in PR0TASCO in bribery trying to divert attention from his hundreds of million bribery thumbs down. Government is after him. Now that is big SHlT.
Plc raise money and got project. Well done. Now to build project and business raise more money and investors queue up to invest. What the monkey above red eye about? Real so hai.
The Nextgram former owners and board got gutt enough hire audit to clear all enemy black mail. Better than that moh chun doi ch@ng kuku of prutusco. Bursa don't even have gutt to do audit on billion ringgit bribery. Dare challenge? That plc money hundreds of millions siphon away. Vero hero meh? Go ask lor. Bursa or Buta ask the culprits lor. Mo Chun Doi. The real criminur still got face to sit there. That's real joke to Bursa.
good morning...today friday...normally should be a simple day...you are good boy nor bad boy please go home first...Dato Nexgram feeling tired need a rest. ~~ england translate
The Board of Directors of the Company (“Board”) wishes to announce that the Board has on 28 September 2016 resolved to dissolve the Investigation Committee with effect from 28 September 2016.
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....
tingkap
913 posts
Posted by tingkap > 2016-09-20 11:39 | Report Abuse
angleim995. nexgram is on waiting turn list. dont worry. keep smile.