Posted by Vincent8864 > 2023-04-02 10:00 | Report Abuse

Serbak case dramatically ended up with a few million fine for accounting fraud.

Posted by Income > 2023-04-02 11:54 | Report Abuse

Crash Detection optimizations on…

Posted by Income > 2023-04-02 12:56 | Report Abuse

…an issue where Ask to Buy requests from children may fail detected by the parent. So what should I do?

Posted by Vincent8864 > 2023-04-02 12:59 | Report Abuse

My advice cutloss and move on the next stock

Posted by Yu_and_Mee > 2023-04-02 13:27 | Report Abuse

0.05 i will buy to fight

Posted by Income > 2023-04-02 14:01 | Report Abuse

Very good suggestion.

Posted by pang72 > 9 minutes ago | Report Abuse

If parent realise the children gambling quietly may use rottan to cane his backside, I suggest

Posted by Income > 2023-04-02 14:06 | Report Abuse

Gambling not allowed for the underage.

Posted by Income > 2023-04-02 14:08 | Report Abuse

No more golden goose eggs… Goose slaughtered long long time ago I assume?

Posted by joyvest > 2023-04-02 14:11 | Report Abuse

Don't be silly.

The auditors were fired because they failed to perform their duty of care in the conduct of their audit in the past.

They failed to detect the irregularities,one of which was the purchase/sale of company car without board resolutions etc etc.

New auditors will be appointed in due course. No cause of concern

Posted by Besafe > 2023-04-03 09:39 | Report Abuse

Cheat cheat cheat end up stocks became penniless. This 3 useless Ngs pls remember their faces! If you all see them in any of the new set up, boycott them and make sure everyone know their dirty practices. Hahaha

Posted by joyvest > 2023-04-03 09:49 | Report Abuse

The 3 Ngs have been laughing at those who have believed them by still holding their shares since RM 2.00....

Posted by neonstrife > 2023-04-03 10:14 | Report Abuse

Eddie Ng having connections and the duo having skill and perform. Without EN aldi die half . Now 3 Ng also dont have. Revenue either is dead game or a new game.

Posted by Newtoshareworld > 2023-04-03 10:35 | Report Abuse

0.25,0.255,0.26,0.265............Seem new game now

Posted by nelsonlim > 2023-04-03 10:43 | Report Abuse

Seems like many here dunno the background and biz the new boss did. Revenue is a perfect shell for them

Posted by nelsonlim > 2023-04-03 10:44 | Report Abuse

Auditor resign then? Biasa la…. Adui most auditor get job becoz of…….. u think so easy meh. Now ownership change, auditor ma change lo

Posted by joyvest > 2023-04-03 12:00 | Report Abuse

Previous auditors were said to be negligent in that they failed to verify with due professional care that the close related transactions ( not done at arm length) were reasonable , justifiable and in compliance with the internal procurement procedural policy and relevant corporate governance. The auditors also failed to ensure that the assets of the company were properly accounted for in the financial report otherwise the purchase /sale of the company car without board resolutions would not have happened. It is believed that a lot of issues were highlighted to justify to remove the auditors. To save their own face, they chose to resign.

Posted by nelsonlim > 2023-04-03 12:10 | Report Abuse

Could be many reasons. But with recent events, u know i know lo

Posted by joyvest > 2023-04-03 12:16 | Report Abuse

Usually, New BOD prefer to use their own " preferred Auditors " which is normal in the normal course of business .No big deal.

Posted by Vincent8864 > 2023-04-03 13:02 | Report Abuse

If the auditor found negligent in their audit job in Revenue why new BOD not sue the auditor? Why let the auditor go peacefully by resignation?

Auditor resignation has impact to the market confident and company image. Listed companies don't just change auditor as they wish.

Posted by joyvest > 2023-04-03 14:16 | Report Abuse

It is up to the company whether they want to remove the auditors or sue the auditors depending on the seriousness of the case , quantum of economic loss and benefit and cost consideration The Company has opted for the former. Auditors are at liberty to resign and by the same token, the company is at liberty to remove and /or not to re-engage for another term at the AGM. Before the auditors are removed , it is better for them to resign to save their reputation. No big deal

Posted by joyvest > 2023-04-03 14:20 | Report Abuse

Auditors need not be permanently engaged. They only serve one term subject to re-appointment at the next AGM. The change of auditors will not have impact on the market confidence and the image of the company. It is a commonplace like the change of lawyers and other professionals. If the Auditors are not up to the job, then change for another one. No big deal.

Posted by i3lurker > 2023-04-03 14:23 | Report Abuse

This had gone on long enough ..........

some companies dun have Limits of Authorities so buying a car does not need Board approval if not specifically stated.

the case becomes I think you think, my opinion your opinion need Board approval.

goes to Court sure lose if there is no LA stated.

Posted by joyvest > 2023-04-03 14:38 | Report Abuse

In the case of Serba ( SD) , the Auditors ( KPMG) highlighted the irregularities found during the conduct of their normal audit, KPMG expected the Top Management of SD to address the said issues but the Mgt turned to deaf ears. Instead of addressing the issues raised within the timeframe ,SD condemned the auditors being difficult as a result of which SD removed and sued KPMG and engaged EY to conduct special audit. Having conducted the special audit, EY established the same facts as KPMG. SD was not pleased and removed and sued EY.

Both Auditors resigned in the above cases. Such audacious and unjustifiable action of the company is believed to have great impact on the market confidence and image of the company. Indeed, the Company has paid a heavy price of no return . The company is doomed to be wound up sooner than you and me could imagine.

Posted by joyvest > 2023-04-03 14:41 | Report Abuse

Unlike RGB , KPMG was up to the job in SD but was removed by SD for the obvious reason.

Posted by joyvest > 2023-04-03 14:56 | Report Abuse

In some cases, the Board resolution ( BR) is required but in some cases, the decision could be delegated to the lower level of authority where no BR is required , for instance, purchase of motor bike costing 10k can be approved by CEO without the need for BR.

In the case of RGB, the Company Motor vehicle involved was of " vellfire" which is worth a lot of money . Hence, I find it hard to believe such purchase could be proceeded without BR.

Posted by nicholas99 > 2023-04-03 15:00 | Report Abuse

revenue gg soon?

Posted by ChunWong93 > 2023-04-03 16:56 | Report Abuse

Ng brothers all resigned = farce is over?

Posted by tommypandaz > 2023-04-03 18:14 | Report Abuse

revenue is done, game over now

Posted by Income > 2023-04-03 18:19 | Report Abuse

The man said his grandfather kept the stone for 100 years.

Posted by Income > 2023-04-03 18:19 | Report Abuse

He said the stone was worth more than a million dollars.

Posted by Income > 2023-04-03 18:21 | Report Abuse

Cut it open…

Posted by Income > 2023-04-03 18:22 | Report Abuse

Oh! Just a Fancy junk stone!

Posted by kukubird88 > 2023-04-03 19:56 | Report Abuse

https://www.theedgemarkets.com/node/661902

Posted by haziqaz > 2023-04-04 06:05 | Report Abuse

Fail Forensik seleweng RM30.3 juta Caely Holding didedah, Mengapa Manoj Kurup AG belum dakwa Mafia Korporat Victor Chin Boon Long?

https://thecorporatesecret.com/blog/2023/04/04/fail-forensik-seleweng-rm30-3-juta-caely-holding-didedah-mengapa-manoj-kurup-ag-belum-dakwa-mafia-korporat-victor-chin-boon-long/

Posted by redhotpepper > 2023-04-04 10:09 | Report Abuse

when will drop to 15 sen? Or it is now already the bottom price ?

Posted by ChunWong93 > 2023-04-04 11:27 | Report Abuse

If no more drama news came out, then it alrdy reached bottom price ba

Posted by Besafe > 2023-04-04 15:38 | Report Abuse

Mafia gang no action taken against any of them. One hand can covered the whole sky. No wonder Eddie Ng joined them on this dirty trading.

Posted by joyvest > 2023-04-04 18:17 | Report Abuse

No news means good news.
No tussle no tearing apart
No hard feelings no plunge
No "P" messing around no fun.

Posted by joyvest > 2023-04-04 19:07 | Report Abuse

Who is the "P"?.

the "Peace" or the "Pissed off"?

Posted by Stock beginner > 2023-04-04 19:29 | Report Abuse

question if really got accounts fraud, is auditors still accountable for their incompetency?

Posted by stncws > 2023-04-04 20:56 | Report Abuse

next month will be dangerous....could be 20c below

Posted by Besafe > 2023-04-04 21:33 | Report Abuse

Hong seng, gpacket, revenue, mmag all this con counters under mafia gang the price penniless. Yet no action taken against any of this conmen. Sometimes, Malaysia government talk very loud but end up this kind of conmen still around. Haha

Posted by joyvest > 2023-04-04 23:40 | Report Abuse

No sight of false accounting. No hanky panky in accounting.

The resignation of auditors was due to the fact that the company didn't seek to continue the reappointment of the incumbent auditors.

The new BOD has the auditors of their choice.

Posted by Newtoshareworld > 2023-04-05 09:05 | Report Abuse

Flying.....

Posted by nicholas99 > 2023-04-05 09:15 | Report Abuse

boss don't give fly. :P

Posted by nelsonlim > 2023-04-05 09:22 | Report Abuse

Kakkakakakaka revenue will be fine yo

Posted by joyvest > 2023-04-05 09:22 | Report Abuse

Flying to the moon........

Posted by nicholas99 > 2023-04-05 09:24 | Report Abuse

cepat joyvest. goreng ..

Posted by joyvest > 2023-04-05 09:28 | Report Abuse

TP is believed to be 1.00

Posted by Newtoshareworld > 2023-04-05 09:28 | Report Abuse

Berapa u ada...boss sure makan...0.27 , 0.275.....