This announcement is made in relation to the article published in TheEdge Financial Daily on 13 January 2016) titled “HeveaBoard rebounds as allegations against it dismissed” in relation to certain articles posted by certain parties on an online stock investor portal known as I3investor recently: (a) “HEVEA, Internal Cracks Emerging” dated 6 January 2016; (b) “HEVEA: 700 Containers Stranded in Korean Port” dated 7 January 2016; and (c) “HEVEA” Ingenuity Accounting (Bomb No.1) dated 10 January 2016. The contents made in those articles are untrue, defamatory and malicious in nature. The Company states the following:
1. It is business as usual at the Company and its subsidiaries (collectively, the “Group”).
2. Business operations of the Group have not been interrupted as a result of the allegations contained in the abovementioned articles.
3. The civil suit (“Suit”) filed in the High Court of Malaya in Seremban (“Seremban High Court”) in September 2014 is a suit brought under Section 181 of the Companies Act 1965 by the minority shareholders of HeveaWood Industries Sdn Bhd (“HeveaWood”) against the majority shareholders of HeveaWood (i.e. Yong Kian Seng @ Yoong Tein Seng, Yoong Hau Chun, Tenson Holdings Sdn Bhd, Firama Holdings Sdn Bhd and HeveaWood Industries Sdn Bhd). The minority shareholders alleged that they have been oppressed by the majority shareholders, and non payment of dividends by HeveaWood was one of the allegations made. On a separate note, the Company had not paid any dividends during the financial years ended 2009 to 2012 due to its financial position during that period of time. HeveaWood should not be confused with the Company. HeveaWood is a substantial shareholder of the Company and is a private limited company. This Suit had been decided by the Seremban High Court in favour of the majority shareholders. The minority shareholders have subsequently filed an appeal against the decision of the Seremban High Court. As the Suit does not involve the Company and is at the shareholders’ level, it is a private matter and there is no legal requirement for the Company to make any announcements to Bursa Malaysia Securities Berhad on the same. The Suit has no bearing on the governance of the Company.
4. As for the allegation of 700 containers of the Company being stranded in a port in South Korea in October 2015 due to non-conformance of quality standards, the Company reiterates that this is untrue. The South Korean authority had changed its standard of panel products from E2 boards to E1. As South Korean E1 testing standards differed slightly, the Company had decided to delay its shipment to South Korea pending clarification on new testing standards applicable to its products. As of to-date, this matter has been resolved. 5. In respect of the allegation of ingenuity accounting in that there were discrepancies between the amounts owed by related parties to HeveaWood and the amounts owed by the Company to related parties, the Company understands that in addition to the amount owing by the Company to HeveaWood, there are other amounts due from other related parties to HeveaWood. Hence, the alleged discrepancies. The amount owing to HeveaWood by the Company is intended to be repaid in 2016. The Company reserves all rights to take legal steps
If compare to icon8888, robert is nothing la...icon8888 one article out, comcorp kaboom boom boom up 100% in 1.5 days...robert write 10 article, hevea only drop few cent. ZZZZZ
No worry on hevea. The management will manage them. Also Bursa come into play.Let Bursa investigate them if there are more action from them. All I know is that hevea next quarter will be very good.
Heard a report has been made . They r taking action to track down Robert aka Saltedfish. Email address & surfing sport can be traced . He may lose his job n send to jail .
Thanks hevea for taking legal action , means hevea can't tolerate price to drop . So all don't worry , the management want to see the price move up, hence take legal action . Hevea all the way to RM2
Saltedfish background , so easy to track him down with his ugly face . - Worked as a chief accountant in an international trading firm based in Hong Kong for 2 years. Presently a director in a Russian oil and gas company listed in SGX. Hailed from Kuantan, hence the pseudonym "saltedfish"
As the Suit does not involve the Company and is at the shareholders’ level, it is a private matter and there is no legal requirement for the Company to make any announcements to Bursa Malaysia Securities Berhad on the same. The Suit has no bearing on the governance of the Company.
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....
chshzhd
1,908 posts
Posted by chshzhd > 2016-01-13 17:20 | Report Abuse
完了完了!。。我真的买很多很多hevea RM1.60以上。。。救命啊!:):):)这次真的完了。。。