OTHERS LB ALUMINIUM BERHAD ("LBALUM" or "the Company") - PROPOSED CHANGE OF AUDITORS
The Board of Directors of LBALUM wishes to inform that the Company had on 17 August 2017 received a notice of nomination from Datuk Leow Chong Howa, a major shareholder of the Company, of his intention to nominate Messrs BDO for appointment as Auditors of the Company in place of the outgoing Auditors, Messrs Crowe Horwath at the forthcoming Annual General Meeting ("AGM"), and to hold office until the conclusion of the next AGM of the Company, at a remuneration to be determined by the Directors ("Proposed Change of Auditors").
The Proposed Change of Auditors is subject to the shareholders' approval at the forthcoming AGM to be convened.
OTHERS LB ALUMINIUM BERHAD ("LBALUM" or "the Company") -CHANGE OF COMPOSITION OF REMUNERATION COMMITTEE ("the RC")
The Board of Directors of LBALUM wishes to announce that, with effect from 17 August 2017, Mr Yap Chee Woon ceased to be a member of the RC and in place thereof, Mr Chew Kat Nyap has been appointed as a member of the RC.
The composition of the RC after the change is as follows:-
No. Name Designation 1. Mr Neoh Lay Keong (chairman) Senior Independent Non-Executive Director 2. Dato' Dr Mohd Husni bin Ahmad (member) Independent Non-Executive Director 3. Mr Chew Kat Nyap (member) Independent Non-Executive Director
This announcement is dated 17 August 2017.
RECOMMENDATION. : ALL BOARD OF DIRECTORS SHOULD TAKE A PAY CUT FOR THE GROSS MISTAKE OF "UNDERPROVISION OF ALLOCATION FOR DEFERRED TAXES." RESULTING IN A NET LOSS OF 76% IN AN OUTPERFORMING QUARTERLY REPORT.
But, LBAlum must also break new high! Then only it's meaningful. Please don't come again with "underprovision for deferred taxes!" and incur unnecessary loss. Ha, ha, ha.
@meistsk3134 LB Aluminium Berhad is engaged in the business of manufacturing, marketing and trading of aluminum extrusion and ceiling metal tee products.
ya..they have to buy the raw material and mostly from his sister company A-rank..if the raw material is way too high will definitely lead to highest base cost for manufacturing yet they have to sell more expensive for the final products.
At least some hope thought already hopeless n helpless. Today the candle body cross over 50 E/SMA. Good sign. Some hope for coming trading session luckily I didn't dump yesterday thinking of change counter liao.
If price near 0.90 i will chop out this share. Good value but not exciting n not performing. Wasting other greater potential counter.
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kianno
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Posted by kianno > 2017-08-16 09:34 | Report Abuse
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