0153 OVERSEA OVERSEA ENTERPRISE BERHAD Quarterly rpt on consolidated results for the financial period ended 31/03/2022 Quarter: 4th Quarter Financial Year End: 31/03/2022 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/03/2022 31/03/2021 31/03/2022 31/03/2021 RM '000 RM '000 RM '000 RM '000 1 Revenue 8,070 4,180 29,622 23,374 2 Profit/Loss Before Tax -4,591 -5,155 -7,594 -7,349 3 Profit/(loss) attributable to ordinary equity holders of the parent -4,599 -5,309 -7,695 -7,684 4 Net Profit/Loss For The Period -4,599 -5,309 -7,695 -7,684 5 Basic Earnings/Loss Per Shares (sen) -0.41 -0.67 -0.79 -1.02 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.0700 0.0700 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Oversea is using the same external auditor, oversea will be next????
Pasukhas Group Bhd said Messrs Crowe Malaysia PLT (Crowe) has voluntarily resigned as the auditor of the company due to a disagreement on the audit fees.
Common directors as executive or independent directors and buying one another share below 5% among their gang punya companies to escape scrutiny by the authorities... Many related party transactions or deals are hidden or not reported...
0182 LKL LKL INTERNATIONAL BERHAD Change in Boardroom Date of Change: 30/05/2022 Type of Change: Resignation Designation: Executive Director Directorate: Exec Name: TAY BEN SENG, BENSON Age: 38 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: Composition of Audit Committee After Change: Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
MR TAY BEN SENG, BENSON @ [OVERSEA] - I3investor Mr Benson is a graduate from Curtin University of Technology, Australia. He holds a Bachelor of Commerce Degree with a double major in Marketing and Management. https://www.thesundaily.my › business Focus Dynamics acquires 16.67% stake in Hong Kong's Top Standard 11 Oct 2020 — Executive director Benson Tay Ben Seng said the subscription was concluded via Focus Dynamics' wholly-owned Hong Kong subsidiary, Focus Dynamic ... https://in.tradingview.com › news Oversea Enterprise Says Tay Ben Seng, Benson Appointed ... Oversea Enterprise Says Tay Ben Seng, Benson Appointed Executive Director ... Oversea Enterprise Bhd (OVERSEA): ... Log in or sign up for a free TradingView account ... https://www.nst.com.my › 2020/10 Focus Dynamics to expand Oversea restaurant to New York, Paris, Vegas etc 6 Oct 2020 — Focus Dynamic executive director Benson Tay said the eight locations had been targeted for their diversity, urban
KUALA LUMPUR, May 5 — Malaysian John Soh Chee Wen and co-conspirator Quah Su-Ling have been convicted of 180 and 169 charges, respectively, for their role in the 2013 penny stock crash in Singapore.
According to The Edge Singapore, former MCA star Soh and Quah were found guilty on criminal conspiracy charges ranging from forced trading and price manipulation to deception.
https://www.pressreader.com › the-st... Vun, 6 others charged - PressReader 23 Jul 2014 — ... to have created false market in trading of DVM Technology shares. ... Commission (SC) has filed legal action against Kenneth Vun ( pic) ... https://www.pressreader.com › the-e... Brokers in Soh's inner circle paranoid of communicating openly after crash 21 Jun 2021 — ... the alleged mastermind of the share manipulation scheme during his ... in a forex lead that had been brought by Peter Chen Hing Woon.
Penny stock crash mastermind Soh maintains he didn't give trading ... Touching specifically on a buy order for 10 million Blumont shares – Soh pointed out that Ken Tai, a broker who was supposedly
Eddie chai dah mau mampus... Giliran oversea kot? :)
KUALA LUMPUR (Sept 1): Bursa Malaysia Securities Bhd has publicly reprimanded Anzo Holdings Bhd and three of its directors for breaches of the Bursa Malaysia Securities Main Market Listing Requirements (LR).
The three directors were imposed a total fine of RM300,000 for breaches of related-party transactions (RPTs) and failure to notify shareholders of operations diversification.
Managing director Datuk Chai Woon Chet was fined RM150,000.
Meanwhile, former independent non-executive chairman Datuk Seri Abdul Azim Mohd and former independent non-executive director Chong Khing Chung were fined RM75,000 each. The duo resigned on May 30 and June 1 this year.
“Bursa Malaysia Securities views the contraventions seriously, as the requirements to make an immediate announcement of material information and obtain prior shareholders’ approval for material RPTs and diversification in operations are fundamental to aid investors to make informed investment decisions, protect the interest of shareholders and allow them an opportunity to consider, in a timely manner, transactions which have the potential of adversely affecting their interests,” the regulator said.
Anzo failed to make an immediate announcement on the supply agreement with CSTME Resources Sdn Bhd (CSTME) for the supply of copper scrap, which was approved by the board on June 16, 2020. The deal was only announced on June 25, 2020.
The company failed to issue a circular and obtain shareholders’ prior approval in relation to the deal; and to appoint an independent adviser and a main adviser before the terms of the deal were agreed upon.
With regard to the diversification of the existing business to include trading of industrial products, Bursa said Anzo failed to obtain prior shareholders’ approval.
The regulator reminded Anzo and its board of directors of their responsibility to maintain the appropriate standards of corporate responsibility and accountability to its shareholders and the investing public.
Anzo’s share price closed unchanged at 1.5 sen on Thursday (Sept 1), valuing it at RM16.74 million.
KUALA LUMPUR (Sept 1): Bursa Malaysia Securities Bhd has publicly reprimanded Pasdec Holdings Bhd and seven of its directors for breaches of listing requirements.
The seven directors, who included independent non-executive chairman Tan Sri Zulkiple Kassim, executive deputy chairman Datuk Sri Tew Kim Thin and group managing director Tew Kim Kiat, were imposed total fines of RM468,000.
In a statement, Bursa said Pasdec had failed to issue its annual report for the financial year ended Dec 31, 2019 within the extended timeframe of July 31, 2020. The company had only issued the report on Oct 27, 2020, after a delay of 59 market days.
Bursa said Pasdec also failed to ensure that its fourth quarterly report (4QFY19) announced on Feb 28, 2020 took into account the adjustments stated in the group’s announcement on Oct 27, 2020.
“Pasdec had reported an unaudited loss attributable to owners of the company of RM16.362 million in the 4QFY19 announced on Feb 28, 2020, as compared to an audited loss attributable to owners of the company of RM27.502 million in the audited financial statements for FY19 announced on Oct 27,2020. The difference of RM11.14 million represented a variance of 68.1%,” the statement read.
The company was also accused of failing to comply with the enforceable undertaking dated Aug 26, 2019 provided by the company to Bursa, pursuant to the listing requirements.
The exchange said Pasdec was required to carry out a limited review on the company’s quarterly report submission.
“The limited review must be performed by the company’s external auditors for four quarterly reports, commencing no later from the quarterly report for the financial period ended Sept 30, 2022. In addition, Pasdec must ensure that all the seven directors and its relevant personnel attend a training programme in relation to compliance with the Main Market Listing Requirements pertaining to financial statements,” it added.
Pasdec shares settled down half a sen or 1.32% at 37.5 sen on Thursday (Sept 1), giving it a market capitalisation of RM150.14 million.
0153 OVERSEA OVERSEA ENTERPRISE BERHAD Reply to Query TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS OVERSEA ENTERPRISE BERHAD ("OEB" OR "THE COMPANY") - DISPOSAL OF PROPERTIES BY SUBSIDIARIES Disposal by EMP Collection Sdn Bhd (formerly known as Restoran Tsim Tung Sdn Bhd)("EMP") and Haewaytian Restaurant Sdn Bhd ("Haewaytian"), both subsidiaries of Oversea Enterprise Berhad, of three properties for a total disposal consideration of RM3,100,000 ("Proposed Disposal") You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Date of change 08 Sep 2022 Name MR LEE SENG FAN Age 56 Gender Male Nationality Malaysia Designation Director Directorate Executive Type of change Retirement Qualifications No Qualifications Major/Field of Study Institute/University Additional Information
Working experience and occupation Family relationship with any director and/or major shareholder of the listed issuer Any conflict of interests that he/she has with the listed issuer Details of any interest in the securities of the listed issuer or its subsidiaries
Announcement Info Company Name OVERSEA ENTERPRISE BERHAD Stock Name OVERSEA Date Announced 08 Sep 2022 Category Change in Boardroom Reference Number C03-12072022-00001
KUALA LUMPUR (Sept 30): Bursa Malaysia Securities on Friday (Sept 30) publicly reprimanded and fined six directors of Brem Holding Bhd for failing to take reasonable care over advances totalling RM26.46 million made to a private company.
The directors had breached the Main Market Listing Requirements for failing to ensure that the advances from August 2014 to August 2019 were fair and reasonable to the company and not to the detriment of the company and its shareholders, Bursa said in a statement.
The exchange imposed a fine of RM200,000 on Brem’s managing director Tan Sri Khoo Chai Kaa, and RM50,000 each on executive directors Khoo Chai Thiam and Low Yew Hwa, independent director Wong Miow Song, and non-independent directors Khoo Hui Keam and Khoo Hui Giok.
While the developer was delisted on July 20 following its privatisation, Bursa said the penalty is applicable, as the directors committed the breach while the company was listed.
“The board of directors had failed to undertake proper deliberation and reasonable care and diligence to make an informed assessment and decision on the advances,” it added.
Bursa noted that Brem had in November 2014 acquired a 49% shareholding in GJH Prestige Sdn Bhd (GJHP) from GJH Holdings Sdn Bhd (GJHH).
Prior to that, Brem had made an advance totalling RM14,217,750 to GJHP. This amount represented 102.7% of Brem’s cash and bank balances of RM13,835,320 as at March 31, 2014.
Bursa noted that Brem continued to make advances, and GJHP had only repaid RM1.6 million to Brem in August 2017. The remaining advances amounting to RM24,863,650 remained unpaid, nearly eight years after Brem had first provided the advances in 2014.
“It was an understanding by all shareholders of GJHP that the repayment of the advances would be made once there was excess cash flow, which depended on the selling of properties and the success of the property development in the future,” the exchange said.
However, Bursa noted that there was no written agreement or documentation to formalise the arrangement or transaction between Brem and GJHP or GJHH and the advances, including the refund and or repayment of the advances, which was crucial to safeguard the interests of the company and its shareholders.
“There was also no proper documentation attesting the purpose and utilisation of the advances and Brem’s external auditors had highlighted that there was an internal control weakness, where there was no documentation on the approval in relation to the rationale or basis for advances and further investments in Brem’s associates and joint ventures,” it said.
Bursa said that managing director Khoo was imposed a higher penalty compared to the other directors, as he had a primary role or involvement in the negotiations and acquisition of GJHP, as well as the authorisation or approval of the disbursement of the advances to GJHP.
Dah berpindah ke menara lien hoe. Pusat hidden hand kan? :)
0153 OVERSEA OVERSEA ENTERPRISE BERHAD Change of Address Change Correspondence Address: Old Address: Address 1: D-3-1 & D-3A-1 Address 2: Seri Gembira Avenue, Jalan Senang Ria Address 3: Taman Gembira City: Kuala Lumpur Postcode: 58200 State: Wilayah Persekutuan Country: Malaysia New Address: Address 1: Lot 12.2, 12th Floor, Menara Lien Hoe Address 2: No.8, Persiaran Tropicana Address 3: Tropicana Golf & Country Resort City: Petaling Jaya Postcode: 47410 State: Selangor Country: Malaysia Telephone No: 03-78876838 Facsimile: 03-78876836 Email: finance@oversea.com.my Effective Date: 18/10/2022 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
The Singapore High Court Thursday convicted Malaysian businessman and woman, John Soh Chee wen and Quah Su-Ling for market manipulation and cheating offences that led to the 2013 penny-stock crash.8 May 2022
Singapore High Court convicts two for $6B penny-stock ...https://www.jurist.org › news › 2022/05 › singapore-high... About featured snippets • Feedback
Soh Chee Wen & The Manipulation Of Penny Stocks in ...www.theedgemarkets.com' target='_blank'>https://www.theedgemarkets.com › article › soh-chee-w... 17 May 2022 — Soh Chee Wen & The Manipulation Of Penny Stocks in Singapore: Singapore court finds John Soh and partner guilty of share price manipulation.
Soh Chee Wen & The Manipulation Of ... - The Edge Marketswww.theedgemarkets.com' target='_blank'>https://www.theedgemarkets.com › article › soh-chee-w... 17 May 2022 — Soh Chee Wen & The Manipulation Of Penny Stocks in Singapore: A life of politics and corporate shenanigans · Subscribe to Mid-day email alert.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR "COMPANY") - RIGHTS ISSUE WITH WARRANTS OVERSEA ENTERPRISE BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR "COMPANY") - RIGHTS ISSUE WITH WARRANTS (Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcements in relation to the Rights Issue with Warrants dated 28 July 2021, 8 October 2021, 16 March 2022, 31 March 2022, 20 September 2022 and 26 September 2022).
The Board of Oversea wishes to announce that the Company and Mercury Securities have mutually agreed to terminate Mercury Securities’ services as the Principal Adviser of the Company in respect of the Rights Issue with Warrants with effect from 26 October 2022 (“Termination”).
Following the Termination, Malacca Securities Sdn Bhd (“Malacca Securities”) has been appointed as the new Principal Adviser of the Company in respect of the Rights Issues with Warrants.
This announcement is dated 26 October 2022.
Announcement Info Company Name OVERSEA ENTERPRISE BERHAD Stock Name OVERSEA Date Announced 26 Oct 2022 Category General Announcement for PLC Reference Number GA1-26102022-00054
The Board of Oversea wishes to announce that the Company and Mercury Securities have mutually agreed to terminate Mercury Securities’ services as the Principal Adviser of the Company in respect of the Rights Issue with Warrants with effect from 26 October 2022 (“Termination”).
Following the Termination, Malacca Securities Sdn Bhd (“Malacca Securities”) has been appointed as the new Principal Adviser of the Company in respect of the Rights Issues with Warrants
0153 OVERSEA OVERSEA ENTERPRISE BERHAD NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR "COMPANY")- RIGHTS ISSUE WITH WARRANTS You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
The Securities Commission Malaysia (SC) took enforcement action today against seven individuals at the Kuala Lumpur High Court for the manipulation of DVM Technology Bhd (DVM) shares. In the action taken, the SC alleges that the defendants had, over a one week period from 14 March 2006 to 21 March 2006, actively transacted in DVM shares among themselves, causing the price of the shares to artificially rise from RM0.11 on 14 March 2006 to a high of RM0.32 on 20 March 2006. The SC alleges that the defendants’ actions had created a false or misleading appearance of active trading on DVM shares as well as the price of the shares.
The SC alleges that the week-long manipulation resulted in a surge in the volume of DVM shares, to a total of 63 million shares on 20 March 2006, compared to 3.6 million shares one week prior to the manipulation. SC’s investigations revealed that the defendants never traded in DVM shares prior to the material period.
The seven individuals named in the action are:
1. Kenneth Vun @ Vun Yun Liun
2. Teng Choo Teik
3. Simon Lin Siang Hock
4. Lye Pei Ling
5. Chuah Hock Soon
6. Choong Lay Ti
7. Gui Boon Huat
The SC is seeking a disgorgement of all profits earned by the defendants as a result of the manipulation, which is sought to be used to compensate affected investors. The SC is also claiming a civil penalty of RM1 million from each of the seven defendants. Other orders sought are that the defendants be barred from being a director of a public listed company and from trading on the stock exchange for a period of five years.
“Manipulation threatens market integrity and this continues to be a key focus area at the SC,” said SC’s Executive Director of Enforcement, Ahmad Fairuz bin Zainol Abidin. He stated that this case reflects the regulator’s commitment in addressing market manipulation and reiterated that it is serious in its efforts to bringing offenders to book.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY") RIGHTS ISSUE WITH WARRANTS OVERSEA ENTERPRISE BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY")
RIGHTS ISSUE WITH WARRANTS (For consistency, the abbreviations used throughout this announcement shall have the same meanings as previously defined in the announcements dated 28 July 2021, 8 October 2021, 16 March 2022, 31 March 2022 and 20 September 2022 in relation to the Rights Issue with Warrants, where applicable, unless stated otherwise or defined herein.)
Reference is made to the Company’s announcement dated 20 September 2022 wherein Mercury Securities had, on behalf of the Board, announced that the Company had submitted an application to seek Bursa Securities’ approval for an extension of time of 6 months for the Company to complete the implementation of the Rights Issue with Warrants.
On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 26 September 2022, approved the Company’s application for an extension of time until 5 April 2023 for the Company to complete the implementation of the Rights Issue with Warrants.
This announcement is dated 26 September 2022.
Announcement Info Company Name OVERSEA ENTERPRISE BERHAD Stock Name OVERSEA Date Announced 26 Sep 2022 Category General Announcement for PLC Reference Number GA1-26092022-00036
On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 26 September 2022, approved the Company’s application for an extension of time until 5 April 2023 for the Company to complete the implementation of the Rights Issue with Warrants.
FORMER DIRECTORS AKAN DIDAKWA JUGA KA? sOH DAH DIPENJARAKAN .... TERBAIK
SINGAPORE (Dec 28): John Soh Chee Wen, who has been found guilty of masterminding the 2013 penny stock crash, has been sentenced to 36 years in jail while his co-conspirator Quah Su-Ling is given 20 years.28 Dec 2022
Penny stock crash mastermind John Soh sentenced to 36 ...
sediakan wang okey, geng tangan ghaib mau wang anda hahaha 0153 OVERSEA OVERSEA ENTERPRISE BERHAD NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR "COMPANY")RIGHTS ISSUE WITH WARRANTS You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
The Securities Commission is actively curbing capital market irregularities, contrary to the general perception, says chairman Datuk Seri Dr Awang Adek Hussin.
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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....
Good123
26,519 posts
Posted by Good123 > 2022-07-13 09:38 | Report Abuse
Company A holds shares in Company B, Company B holds shares in Company C...dll
Satu kitaran tipu menipu tak jelas tentang related party transactions
SPRM, bursa , sc dll perlu menyiasat kecuali mereka dah makan suapan, dll