FOCUS DYNAMICS GROUP BERHAD

KLSE (MYR): FOCUS (0116)

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Last Price

0.015

Today's Change

0.00 (0.00%)

Day's Change

0.015 - 0.015

Trading Volume

13,000

Overview

Market Cap

96 Million

NOSH

6,372 Million

Avg Volume (4 weeks)

1,898,252

4 Weeks Range

0.015 - 0.02

4 Weeks Price Volatility (%)

0.00%

52 Weeks Range

0.015 - 0.055

52 Weeks Price Volatility (%)

0.00%

Previous Close

0.015

Open

0.015

Bid

0.015 x 23,931,400

Ask

0.02 x 20,226,700

Day's Range

0.015 - 0.015

Trading Volume

13,000

Financial Highlight

Latest Quarter | Ann. Date

30-Jun-2022 | 30-Aug-2022

Next QR | Est. Ann. Date

30-Sep-2022 | 29-Nov-2022

T4Q P/E | EY

-1.08 | -92.19%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.03 | 0.59

T4Q NP Margin | ROE

-122.93% | -54.23%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: TRAVEL, LEISURE & HOSPITALITY

Subsector: TRAVEL, LEISURE & HOSPITALITY

Description:

Focus Dynamics Group Bhd is an investment holding company. The business activity of the group is operated through three segments namely Food and beverage, Manufacturing and Engineering services of which it derives the majority of revenue from Food and beverage segment which is engaged in operation and management of food and beverage outlets. In addition, the firm also manufactures speed drives and instruments for control of industrial machines and processes and provides engineering services for energy efficiency systems. Geographically all the activities are functioned from the regions of Malaysia.

Discussions
9 people like this. Showing 50 of 7,579 comments

Good123

Biasanya puak hidden hand tak peduli corporate governance dan banyak isu perakaunan kan?? Berwaspada ya!

2022-06-15 10:29

Good123

Banyak taik kot? Tukar tak terhingga :)

Change of Registrar - WORKSHIRE SHARE REGISTRATION SDN BHD | https://www.klsescreener.com/v2/announcements/view/3564947

2022-06-15 11:00

Good123

Hidden hand punya sykt akan delisted satu per satu jika tiada juruaudit luaran berani audit bagi mereka. Kini, AOB of SC akan audit external auditors bagi listed companies.

Jika sykt milik hidden hand tak sedar, mampuslah mereka dengan poor corporate governance , hanky panky dengan related party transactions tak mau disclose, akauntan cap ayam macam mlabs qualified audited accounts oleh external auditor nya dan banyak lagi

2022-06-15 14:02

Good123

External auditor focus pasti diaudit oleh AOB anytime :)

https://www.sc.com.my/aob

2022-06-15 14:04

Good123

Jadi, beli syer hidden hand ada risiko audit, tiada external auditor berani jadi auditor mereka. Sykt2 hidden hand mungkin delisted satu per satu

2022-06-15 14:06

Good123

tell all your invested/related companies to comply with corporate governance and financial reporting and declare all related party transactions... otherwise, semua external auditor cabut satu per satu... takut diaudit oleh AOB of SC dan lesen audit digantung dan kena denda hahaha

2022-06-16 08:42

Good123

Tiada external auditor & akauntan berani bekerja dengan focus jika tak mau comply financial reporting standards, related party transactions & corporate governance. Cheng & co dah jadi mangsa dah :)

KUALA LUMPUR (Aug 19): Messrs Chengco PLT (formerly known as Cheng & Co) and its partners have been barred by the Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) from accepting public interest entities (PIEs) or schedule funds as clients and from auditing their financial statements for 12 months.

This followed the dismissal of Hong, Liew and Yap's appeal against the AOB’s decisions to prohibit the firm, Hong and Liew on Aug 6.

In a statement today, the AOB said the firm and its partners concerned were found to have multiple instances of non-compliance with the international auditing standards, which were discovered in two inspections conducted by the AOB in 2016 and 2018 respectively.

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The AOB also noted that the firm had failed to remedy a recurring finding identified in the first inspection.

"As a result, the firm and the partners, Hong Thuan Boon and Liew Kwai Choy, were prohibited from accepting PIEs or schedule funds as clients and auditing their financial statements for 12 months," it added.

Hong and Liew were engagement partner and engagement quality control reviewer respectively, for the audit.

The firm was also fined RM175,000, while Hong was fined RM57,000.

Another of the firm’s partner, Yap Peng Boon, was also fined RM44,000 for non-compliance of audit procedures.

Chengco’s listed clients include Smile-Link Healthcare Global Bhd, Kawan Food Bhd, PNE PCB Bhd, YGL Convergence Bhd and M3 Technologies (Asia) Bhd.

2022-06-16 08:55

Good123

Focus juga ada ? :)
Ada akaun begini tak? Hahahaha

https://www.thestar.com.my/news/nation/2022/06/16/ahmad-zahid-referred...

2022-06-16 16:58

Good123

Firma audit mungkin tak berani jadi auditor focus takut lesen audit digantung selepas diaudit oleh AOB, unit SC untuk mengaudit firma audit wakaka


KUALA LUMPUR: PJBumi Bhd has received a notice in writing from Messrs Afrizan Tarmili Khairul Azhar PLT on their resignation as external auditors of the company.

In a filing with Bursa Malaysia, the engineering and construction services provider said the auditors were re-appointed at the last annual general meeting (AGM) of the company held on Dec 17, 2021 to hold office until the conclusion of the next AGM of the company.

“The auditors had tendered their resignation because the Audit Oversight Board (AOB) had notified the auditors that they are prohibited to perform audit of public interest entities for 12 months commencing from Dec 10, 2021,” PJBumi said.

PJBumi is in the midst of identifying the new auditors to be appointed pursuant to Section 271(2)(b) of the Companies Act 2016.

2022-06-17 09:28

Good123

sangat penting/

The case for change
Independence is the cornerstone of a well-functioning audit committee. The
ability of its members to exercise their judgment in an informed and impartial
manner is important to the fulfilment of the audit committee’s mandate,
especially in overseeing the areas of financial reporting, related party
transactions and conflicts of interests, internal control environment, internal
audit and external audit process.
It should be noted that the core functions of audit committees set out in many,
if not all global authoritative governance documents are expressed in terms of
“evaluation”, “assessment” or “review” of the aforementioned areas. The
undertaking of such responsibilities would naturally necessitate audit committee
members to critically and objectively apply a probing view on pertinent matters,
particularly in areas which involve a high degree of judgment. In many instances,
audit committee members are expected to take tough, constructive or even
unpopular stances, all of which calls for independence in “thought and
action”.
As a former Senator of the United States, Howard Metzenbaum puts it, “audit
committees that lack independence frequently have a fealty to the management
that an audit committee shouldn’t have”1. To coin it differently, audit
committees should not be having a "debt" to the management which is then
"repaid" when a tough issue (e.g. financial reporting issue) arises.
Recognising that objectivity is essential to the proper functioning of the audit
committee, regulators have outlined provisions on the composition of the audit
committee with due regard to the element of independence.

2022-06-17 16:46

Good123

focus tak ok sebab isu ini ka?

There is an effective and independent audit committee.
The board is able to objectively review the audit committee’s findings and
recommendations. The company’s financial statement is a reliable source of
information.

2022-06-17 16:51

Good123

sangat penting bila menilai focus

Several research studies have shown that the value of having an audit committee
comprising solely of independent directors can be particularly evident when a
company is undergoing financial distress.
For example, a prominent research performed by Bronson et.al highlighted that wholly
independent audit committees are more likely to protect external auditor’s
independence during a dispute with the management of a financially distressed
company. The research highlighted that given the negative consequences associated
with a going-concern report (an opinion by the auditors that the company may not be
viable in the foreseeable future), management may try to pressure the external auditor
into not issuing the said report when one is warranted. In such a scenario, having a
fully independent audit committee would more likely lead to objective support for the
external auditor and mitigate pressure from management relating to the going concern
reporting decision. Conversely, audit committees with members who are affiliated to
management were found to be more likely in replacing the external auditor in such a
circumstance

2022-06-17 16:53

Good123







Wait for new govt to take action
Current govt tak boleh pakai haha
@
cpo_

Why up? I3 all conmen is true why not banned instead?

2 days ago

2022-06-17 17:03

Good123

accounts staff cabut.. accounts delayed... major issues facing facus now...

What are some of the key questions that the audit committee members
should ask management in relation to the matters under its purview?
Audit committee members must achieve an adequate understanding of the
representations made by management and scrutinise these matters
accordingly. If necessary, the audit committee should consult with external
counsel and experts to gain further insights.
Some of the key questions that should be posed to management include:
• What is your assessment of the overall control environment?
• What processes do you have in place to ensure material errors will not occur?
• What materiality level did you employ in assessing whether the financial reports
presented are of a true and fair view?
• What are the most significant estimates and judgments you made in preparing the
financial report? What was the range of values used in those estimates? Justify
the appropriateness of the underlying assumptions and the reliability of
information/ methodologies/tools used.
• What are the nature and size of year-end adjustments and related party
transactions?(note: example of matters to be tabled to the audit committee on
related party transactions are outlined in Appendix III of this Pull-out)
• Did any non-recurring transactions materially impact the financial results? If so,
what were they and what was the impact?
• What were the major financial reporting standards and regulatory changes
instituted during the year and what was their impact?
• What are the significant differences existing in the financials between the current
and prior period? Why have these variances occurred?
• Is the financial result significantly different from the budget? If so, why?
• Which aspects of the company’s financial viability and sustainability do you feel
least comfortable with?
• Have there been any disagreements between management and the internal or
external auditors? If so, what were they and how were they resolved?

2022-06-17 17:25

Good123

sungguh serius yang ini

What are the nature and size of year-end adjustments and related party
transactions?

2022-06-17 17:25

Good123

Mungkin semua pengarah akan menerima hukuman penjara jika delisted kerana isu financial reporting, corporate governance & undeclared related party transactions kelak? Haha

2022-06-18 07:48

Good123

separuh mati dah, tunggu isu perakaunan kian serius

2022-06-21 16:29

Good123

Tangkap dan siasat semua. Sanggup?

Liew Chee Yoong of the Center for Market Education said poor performance would continue, from a combination of the ringgit’s depreciation, scandals in corporate governance, and weak legal enforcement in the capital markets.

2022-06-22 08:45

whistlebower99

FOR NEWBIES

LKL and IMPIANA are the latest high NOSH penny stock to join the list of share consolidation stocks.
https://www.klsescreener.com/v2/announcements/view/3567035

2022 - LKL, IMPIANA, YONGTAI, VSOLAR, FAST, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX,

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

====================
TAYOR, set realistic target

2022-06-30 16:43

Good123

ya ya directors ada risiko masuk penjara sebab manipulasi syer kan? :)

2022-07-01 20:53

Noni

Tak paksa beli, tak paksa jual.......

2022-07-02 09:26

MaluNegaraKu

Stock ini bagus dibeli murah . Dan Nanti Boleh jual lagi murah .

2 months ago

Good123

Auditlah:)

Company A holds shares in Company B, Company B holds shares in Company C...dll


Satu kitaran tipu menipu tak jelas tentang related party transactions

SPRM, bursa , sc dll perlu menyiasat kecuali mereka dah makan suapan, dll

2 months ago

Good123

Sabar ya! Jika pihak berkuasa buat kerja dengan betul, tak lama lagi geng lain di Malaysia akan dihukum, dll macam di singapura juga :)

https://www.theedgemarkets.com/article/soh-chee-wen-manipulation-penny...

2 months ago

Good123

Banyak isu untuk memudaratkan pemegang syer minoriti :)

KUALA LUMPUR (Aug 5): Bursa Securities has rejected Focus Dynamics Group Bhd's proposed one-to-three share split, in view of the group's low adjusted share price of 1.5 sen.

The group, which had 6.15 billion issued shares at Dec 29, 2020, proposed in January to split each of its shares into three to improve its trading liquidity.

Focus Dynamics also had 3.07 billion warrants at the time, as well as 1.99 billion irredeemable convertible preference shares. The proposal would have raised its share base to between 18.45 billion and 33.6 billion shares.

"Bursa Securities had, vide its letter dated Aug 5, 2021, rejected the proposed share split, in view that the price of Focus shares as at July 29, 2021 was 4.5 sen and the proposed share split, if approved and implemented, would result in an adjusted price of 1.5 sen post proposed share split," the company filing said.

Focus Dynamics just completed in October last year a one-to-three share split it proposed two months earlier in August. At the time, which was also the height of the penny stock fever, its share price surged past RM2.60 right before the stock split.

Following the share split, the counter, which was trading at over 80 sen in November, has since lost 95% in value to settle at four sen today. The latest share price gives the group a market capitalisation of RM254.89 million.

Tan Choe Choe

2 months ago

Good123

Moving towards delisting.... Takda atau orang takut buat akaun untuk fokus , terlalu banyak taik kot??? Banyak related parties tipu helah kan?????

Change in Financial Year End
FOCUS DYNAMICS GROUP BERHAD

Old financial year end 31 Dec 2021
New financial year end 30 Jun 2022



Remarks :
The Directors of Focus has approved the change of financial year end from 31 Dec 2021 to 30 June 2022 ("Change"). The COVID-19 pandemic is causing unexpected disruption in the workplace and due to shortage of manpower which has affected the timeline for preparation and audit of the financial statements of the Company and its subsidiaries. The first set of accounts after the Change shall be for a period of 18 months from 1 Jan 2021 to 30 June 2022.

Announcement Info
Company Name FOCUS DYNAMICS GROUP BERHAD
Stock Name FOCUS
Date Announced 26 Apr 2022
Category Change in Financial Year End
Reference Number CFY-26042022-00002

2 months ago

Good123

Oversea senasib dengan focus dibawah benson sebagai pengarah barangkali:)

Moving towards delisting.... Takda atau orang takut buat akaun untuk fokus , terlalu banyak taik kot??? Banyak related parties tipu helah kan?????

Change in Financial Year End
FOCUS DYNAMICS GROUP BERHAD

Old financial year end 31 Dec 2021
New financial year end 30 Jun 2022



Remarks :
The Directors of Focus has approved the change of financial year end from 31 Dec 2021 to 30 June 2022 ("Change"). The COVID-19 pandemic is causing unexpected disruption in the workplace and due to shortage of manpower which has affected the timeline for preparation and audit of the financial statements of the Company and its subsidiaries. The first set of accounts after the Change shall be for a period of 18 months from 1 Jan 2021 to 30 June 2022.

Announcement Info
Company Name FOCUS DYNAMICS GROUP BERHAD
Stock Name FOCUS
Date Announced 26 Apr 2022
Category Change in Financial Year End
Reference Number CFY-26042022-00002

2 months ago

Good123

Jumlah syer focus 6 bil ++ dah diwujudkan untuk memerangkap mereka yang jahil kot? :)

2 months ago

Good123

Sayorana focus bai bai wakaka

2 months ago

Good123

Selepas delisting, lebih senang untuk menelan baki tunai dalam focus kot? :)

2 months ago

whistlebower99

FOR NEWBIES

Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

List of penny stocks with shares consolidation:-

2022 - LKL, IMPIANA, YONGTAI, VSOLAR, FAST, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX,

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

====================
TAYOR, set realistic target

2 months ago

Good123

Dielah

Common directors as executive or independent directors and buying one another share below 5% among their gang punya companies to escape scrutiny by the authorities... Many related party transactions or deals are hidden or not reported...

Nanti kena terbongkar semua. Sabar ya!!!

2 months ago

ncy810116

50% first half ... lol

2 months ago

BLee

@Good123: Dielah
Common directors as executive or independent directors and buying one another share below 5% among their gang punya companies to escape scrutiny…

BLee: Hi Bro @Good123, no need Dielah as Focus D last minute before lunch raised by 50% with very high volume.
On Directors reporting, even owning 1 share needs to be reported as per "Directors’ interests in shares -
The shareholdings in the Company and related corporations of those who were Directors at the end of the financial period,
as recorded in the Register of Directors’ Shareholdings kept by the Company under Section 59 of the Companies Act 2016 in
Malaysia"
Happy Trading and TradeAtYourOwnRisk

2 months ago

MaluNegaraKu

Focus on losing money and focus on cheating shareholder
Motto of Focus

2 months ago

Good123

Segalanya dah terbongkar, habis :)

2 months ago

MaluNegaraKu

Menipu budaya kita

2 months ago

Good123

Bila pengarah2 mau masuk penjara macam najib umno? Pakai dana Syarikat, beli syer penny related parties yang merugikan kan???? :)

Consolidated results for the financial period ended 30 Jun 2022
FOCUS DYNAMICS GROUP BERHAD

Financial Year End 30 Jun 2022
Quarter Other
Quarterly report for the financial period ended 30 Jun 2022
The figures have not been audited
Attachments
Focus - Quarterly Report - 6th Quarter.File1.pdf
308.3 kBFocus - Quarterly Report - 6th Quarter.File2.pdf
548.3 kB
Default CurrencyOther Currency
Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2022

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
Three Months
Three Months
Eighteen Months
Eighteen Months
01 Apr 2022
To
01 Apr 2021
To
01 Jan 2021
To
01 Jan 2020
To
30 Jun 2022
30 Jun 2021
30 Jun 2022
30 Jun 2021
$$'000
$$'000
$$'000
$$'000
1 Revenue
14,929
13,714
60,237
0
2 Profit/(loss) before tax
-72,231
3,016
-72,567
0
3 Profit/(loss) for the period
-71,366
2,081
-74,707
0
4 Profit/(loss) attributable to ordinary equity holders of the parent
-71,660
2,248
-75,147
0
5 Basic earnings/(loss) per share (Subunit)
-1.12
0.04
-1.18
0.00
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 ($$)
0.0255
0.0288

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

Announcement Info
Company Name FOCUS DYNAMICS GROUP BERHAD
Stock Name FOCUS
Date Announced 30 Aug 2022
Category Financial Results
Reference Number FRA-30082022-00046

1 month ago

whistlebower99

FOR NEWBIES

MNC is the latest high NOSH low price penny stock proposing to do shares consolidation !!!

This announcement is dated 29 August 2022.

===================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

List of penny stocks with shares consolidation :-

2022 in progress - MNC, MERIDIAN, LKL, IMPIANA, FAST, VSOLAR

2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX,

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

====================
TAYOR, don't be caught in share consolidation exercise

1 month ago

whistlebower99

FOR NEWBIES

NOSH = 6,372,205,736
PA = 903,363,292
WD = 3,066,399,051

================
More than 10 BILLION shares, PA and warrant combined
Too heavy to push price up

================
Remember directors have power to propose shares consolidation to trim the NOSH and implement rights issue to raise more fund

================
TAYOR, set realistic target

1 month ago

Good123

Dah mau mampus kot?


KUALA LUMPUR: Bursa Malaysia has reprimanded Pasdec Holdings Bhd and seven of its directors for breaching the Main Market listing requirements.

Bursa said in a statement that the seven directors were imposed total fines of RM468,000.

The directors included Tan Sri Zulkiple Kassim who was fined RM61,800, Datuk Sri Tew Kim Thin and Tew Kim Kiat with fines totalling RM79,500 each.

Other directors were Sharina Bahrin, Datuk Sri Sharifuddin Ab. Ghani, Dauk Kamarul Arifin Ahmad @ Abd Rahman and Datuk Mohd Faizal Jaafar who were all fined a total of RM61,800 each.

Bursa noted Pasdec was reprimanded for failing to issue the annual report that included the audited financial statements together with the auditors' and directors' reports for the financial year ended Dec 31, 2019 (FY19) within the extended timeframe of July 31, 2020.

The company had only issued the annual report on October 27 2020, after a delay of 59 market days.

The company also failed to ensure that its fourth quarterly report for FY19 announced on Feb 28, 2020 took into account the adjustments stated in its announcement dated Oct 27, 2020.

"Pasdec had reported an unaudited loss attributable to owners of the company of RM16.362 million in the quarterly report announced on February 28, 2020 as compared to an audited loss attributable to owners of the company of RM27.502 million in the audited financial statements for FY19 announced on October 27, 2020.

"The difference of RM11.14 million represented a variance of 68.1 per cent," it said.

Bursa said Pasdec was required to carry out a limited review on its quarterly report submission.

"The limited review must be performed by the company's external auditors for four quarterly reports commencing no later from the quarterly report for the financial period ended September 30, 2022.

"In addition, Pasdec must ensure that all the seven directors and its relevant personnel attend a training programme in relation to compliance with the Main listing requirements pertaining to financial statements," it said.

1 month ago

whistlebower99

FOR NEWBIES

Consolidated results for the financial period ended 30/06/2022 | https://www.klsescreener.com/v2/announcements/view/3603103

=========
Another quarter of higher losses

1 month ago

MaluNegaraKu

Congrat for new low

1 month ago

lauys96

Tunggu mati saja

1 month ago

whistlebower99

FOR NEWBIES

NEXGRAM is the latest high NOSH low price penny stock proposing to do shares consolidation !!!

This announcement is dated 14 September 2022.

===================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

List of penny stocks with shares consolidation :-

2022 in progress - NEXGRAM, MNC, MERIDIAN, LKL, IMPIANA, FAST, VSOLAR

2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX,

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

====================
TAYOR, don't be caught in share consolidation exercise

3 weeks ago

Good123


KUALA LUMPUR: Bursa Malaysia has publicly reprimanded and fined six directors of Brem Holding Bhd for breaches of the listing rules.

In a statement, Bursa said the six directors had breached paragraph 8.23(2)(a)(i) read together with paragraphs 8.23(1)(a)(ii) & (iii) of the Main Market Listing Requirements (Main LR) as the latter failed to ensure that the payments/advances to GJH Prestige Sdn Bhd (GJHP).

"The payment totalling RM26.46 million (advances) were fair and reasonable to the company and not to the detriment of the company and its shareholders," it said.

"The finding of breach and imposition of the penalties on the directors of BREM were made pursuant to paragraph 16.19 (1)(b) of the Main LR," it said.

According to Bursa, the board of directors had totally relied on the managing director to ensure compliance of paragraph 8.23 of the Main LR and provided him with full authority.

This included not only to negotiate and finalise the terms and conditions of the acquisition of GJHP but also to make any payment to GJHP with no specific limit.

Bursa said a higher penalty was imposed on the managing director as he was in a key position to ensure that the advances complied with paragraph 8.23 of the Main LR in view of his primary

role/involvement in the negotiations and acquisition of GJHP and authorization/approval of the disbursement of the advances to GJHP.

"There was serious dereliction of duty by the managing director who not only failed to safeguard the interests of Brem and its shareholders.

"They also continued to approve the advances until August 22, 2019 without assessment and consideration of the requirements of the Main LR, including proper escalation and deliberation by the board if director," it said.

Bursa said a breach of paragraph 8.23 of the Main LR warranted deterrent penalties of a public reprimand and fine to underline the serious view taken by it.

3 days ago

BILLC

From 2 ringgit down all the way to 1 sen now,,,,

Bursa boleh,,,sc boleh,,,,focus bolehhhhhh,,,

3 days ago

651158

Malaysia boleh.!!!!!

3 days ago

lauys96

Pn17

3 days ago

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