I wonder why Anzo did not publish the reply to Bursa? Are they planning some strategic corporate plan which can't be published now or they are giving lousy and generic responses to Bursa?
he Board of Directors of Anzo wishes to inform that the Company had on 5 May 2022 submitted a written representation to Bursa Securities in relation to:
a) Why a suspension should not be imposed on the trading of the securities of the Company; and
b) Why the securities of the Company should not be de-listed from the Official List of Bursa Securities.
Further announcement(s) will be made to Bursa Securities immediately upon any development/update in respect of the above.
Possible all planned in concert that the reply by KLSE to show cause will be announce along or near the unexpected qtr result for 31-3-2022….Anzo limit up to test NTA 11cts likely…..?
Anzo and Bursa still keeping mum on the responses to Bursa. Two possibilties: 1. Anzo has nothing solid plan in place and just reverted generic response to Bursa for extension e.g. The company is looking to new business to invest in. 2. Anzo has solid plan in place and replied to Bursa and seeking confidentiality for the response as the plan is yet to materialize and is commercially sensitive.
Anzo dah mau gulung tikar. Orang kuat umno pun cabut kan? Wakaka
Change in Nomination and Remuneration Committee ANZO HOLDINGS BERHAD
Type of Board Committee Nomination and Remuneration Committee Date of change 30 May 2022 Salutation DATO' SERI Name ABDUL AZIM BIN MOHD ZABIDI Age 62 Gender Male Nationality Malaysia Type of change Cessation Of Office Designation Member of Nomination and Remuneration Committee Directorate Independent and Non Executive Composition of Nomination and Remuneration Committee(Name and Directorate of members after change) 1. Chong Khing Chung - Chairman, Independent Non-Executive Director 2. Low Poh Seong - Member, Independent Non-Executive Director
Announcement Info Company Name ANZO HOLDINGS BERHAD Stock Name ANZO Date Announced 31 May 2022 Category Change in Nomination and Remuneration Committee Reference Number C08-31052022-00018
INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD 31 Mar 2022 31 Mar 2021 31 Mar 2022 31 Mar 2021 $$'000 $$'000 $$'000 $$'000 1 Revenue 6,371 5,041 19,049 9,141 2 Profit/(loss) before tax -9,355 -927 -12,495 -1,865 3 Profit/(loss) for the period -9,336 -908 -12,456 -1,826 4 Profit/(loss) attributable to ordinary equity holders of the parent -9,336 -908 -12,456 -1,826 5 Basic earnings/(loss) per share (Subunit) -0.84 -0.09 -1.12 -0.19 6 Proposed/Declared dividend per share (Subunit) 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 attributable to ordinary equity holders of the parent ($$) 0.1030 0.1141
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.
Anzo NTA around 10cts..revenue now around 27% of share capital as 2021 compared to less than 5% in 2019…What kind of RP needed by KLSE ?…indirectly still linked to Ah Jib…
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....
chromium
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Posted by chromium > 2022-05-05 13:32 | Report Abuse
Que 0.005 sen