The Last Annual Report 2017 was issued on 30 April 2018 and had indicated the Directors' and Substantial Shareholdings as at (29 March 2018) as follows: -
DIRECTORS’ SHAREHOLDINGS (as per register of directors’ shareholdings) Direct Interest Indirect Interest Name No. of Shares % No. of Shares % Datuk Mansor Bin Masikon 1,000,000 0.27 32,487,037 (a) 8.66 Encik Zulkarnin Bin Ariffin 30,645,541 8.17 28,860,499 (b) 7.69 Cik Norhanum Binti Nordin 500,000 0.13 - - Tuan Hj. Halim @ Ab Halim Bin Ismail 500,000 0.13 - - Puan Suheilah Binti Abu Bakar - - - - Encik Fazillah Bin Kamaruddin - - - - 32,645,541 8.70 61,347,536 16.35 Note: (a) Deemed interest by virtue of Section 8 of the Act pursuant to his substantial interest in Noble Summer Sdn. Bhd. (b) Deemed interest by virtue of Section 8 of the Act pursuant to his substantial interest in Synergy Platform Sdn. Bhd. and deemed interest by virtue of Section 221(9) through shares held directly by his spouse. 95 annual report 2017 analysis of shareholdings (continue) as at 29 MARCH 2018 3. SUBSTANTIAL SHAREHOLDERS (as per register of substantial shareholders) Direct Interest Indirect Interest No. Name No. of Shares % No. of Shares % 1. Duta Global Sdn Bhd 90,000,000 23.98 - - 2. Datuk Hj Ismail Bin Othman 500,000 0.13 90,000,000 (a) 23.98 3. Noble Summer Sdn. Bhd. 32,487,037 8.66 - - 4. Datuk Mansor Bin Masikon 1,000,000 0.27 32,487,037 (b) 8.66 5. Synergy Platform Sdn Bhd 28,390,499 7.56 - - 6. Encik Zulkarnin Bin Ariffin 30,645,541 8.17 28,390,499 (c) 7.56 183,023,077 48.77 150,877,536 40.20 Note: (a) Deemed interest by virtue of Section 8 of the Act pursuant to his substantial interest in Duta Global Sdn. Bhd. (b) Deemed interest by virtue of Section 8 of the Act pursuant to his substantial interest in Noble Summer Sdn. Bhd. (c) Deemed interest by virtue of Section 8 of the Act pursuant to his substantial interest in Synergy Platform Sdn. Bhd.
29th April 2019 - The Board of Directors of the Company had approved the change of financial year end of the Company from 31 December to 30 June. The next audited financial statements of the Company shall be for a period of 18 months, from 1 January 2018 to 30 June 2019. Thereafter, the financial year end of the Company shall end on 30 June for each subsequent year.The rationale for change in financial year end is to avoid the peak congestion financial reporting period in December.
Due to the above changes, will the Annual Report 2018 be issued tomorrow as it will be interesting to confirm and know the Directors' and Substantial Shareholdings as at (29 March 2019) or we will have to wait for another 6 months for the said report to be issued.
Zul must be a very lousy accountant Whose interest is only his self-interest Fall into PN17 for a measly RM253,541 debt Is like saying Tony Fernandes has no money to pay for lunch
Bursa Securities made one of the following enquiry on on 25 April 2019 on the JVA with AMAZING SYMPHONY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF OCR GROUP BERHAD whereby a tonne of aggregate (excavated from the JVA land) is to be sold to OCR at RM1.20 per tonne.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:
To state the basis of arriving at the rate of RM1.20 per tonne of aggregate sale, and justifications for the rate. To also quantify the market price for 1 tonne of aggregate.
The Board's reply to Bursa Securities on the same day was: -
To state the basis of arriving at the rate of RM1.20 per tonne of aggregate sale, and justifications for the rate. The basis of arriving at the rate of RM1.20 per tonne of aggregate sale is based on offered received from several potential quarry operators between RM1.00 to RM1.50 per tonne.
To also quantify the market price for 1 tonne of aggregate. The average market prices for quarry products are as follows: Quarry Products Price per tonne (RM) Crusher Run 25.00 - 31.00 Quarry Dust 26.00 – 27.00 3/4 Aggregate 28.00 – 35.00
Prices are subject to location of the quarry, distance of delivery site and market demand.
Please compare the market price of aggregate and the price offered to be sold under the JVA. Based on this term of in the JVA alone, do you think the BOD is looking after the company's and shareholders' interest?
Do not dare to reveal the latest shareholdings as at 29 March 2019? Do not dare to hold the 34th AGM on June 2019? So change the financial year to 30th June. Buy time for another 6 months?
TWL looks like he’s poorly advised or has a poor understanding of corporate strategy. He’s being outmanoeuvred. My money’s on the current management. Anyways, at the end of the day, i think the retailers will benefit regardless, their assets are valuable and will be monetised eventually under both sides
On sunday I had already said it wont drops too much because old and new boss are fighting to accumulate to control the company, while others are crying limit down.
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....
chongkahagent
266 posts
Posted by chongkahagent > 2019-04-29 09:45 | Report Abuse
Zul 1%
Tan tiger 51%
Pn17 short lifed