Page 36 - Practice Note News Today

ASIA Media Group (AMG) is likely to be in the spotlight for the near term, with the appointment of legal advisers and forensic auditors at the company. According to AMG’s announcement to Bursa Malaysia, it had appointed law firm Krish Maniam & Co “to investigate the possibility of losses caused by certain individuals with decision-making powers prior to the entry of the current board of directors. Essentially, the review is linked to the write-downs and depreciation of the company’s asset...

Youth, Peace and Security - A Programming Handbook Format Executive summary Youth, Peace and Security: A Programming Handbook, developed by the United Nations with the generous support of the Folke Bernadotte Academy – the Swedish Agency for Peace, Security and Development – seeks to contribute to the operational readiness and capacity of United Nations practitioners to implement the youth, peace and security (YPS) agenda. For the United Nations, the development of the handbook was led by t...

Unified Funds Tax Exemption Ordinance") and sets outs intended IRD practice in administering the Unified Funds Tax Exemption which came into effect on April 1, 2019. The Unified Funds Tax Exemption The Unified Funds Tax Exemption seeks to exempt hedge funds, including OFCs and LPFs, from Hong Kong profits tax. This exemption may apply regardless of the fund structure, location of the funds central management and control, fund size or fund purpose provided that prescribed conditions are satisfie...

KUALA LUMPUR (Jan 15): Based on corporate announcements and news flow today, stocks that may be in focus on Monday (Jan 18) include: KNM Group Bhd, Kanger International Bhd, SKP Resources Bhd, Batu Kawan Bhd, Chemical Company of Malaysia Bhd (CCM), Daya Materials Bhd, Samaiden Group Bhd, MESB Bhd, Seacera Group Bhd, AT Systemization Bhd, Notion-VTec Bhd, Tenaga Nasional Bhd (TNB), Genting Malaysia Bhd (GenM) and FGV Holdings Bhd. KNM Group Bhd plans to raise up to RM54.93 million via a private ...

WHEN Transmile Group Bhd founder and former CEO Gan Boon Aun was found guilty in August of deceiving with intent and furnishing misleading financial statements to Bursa Malaysia, prosecutors expected the court to hand him a custodial sentence of 18 to 24 months and a fine of RM2 million to deter potential offenders. But Sessions Court Judge Tuan Hasbullah Adam fined Gan RM2.5 million (in default 18 months’ imprisonment), and sentenced him to one day behind bars. Under Section 122B(a)(bb) of t...

KUALA LUMPUR (Jan 13): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 14) include: Eco World Development Group Bhd, UEM Sunrise Bhd, George Kent (Malaysia) Bhd, Chin Hin Group Property Bhd, WCT Holdings Bhd, Greatech Technology Bhd, HeiTech Padu Bhd, Aeon Credit Service (M) Bhd, Dayang Enterprise Holdings Bhd, Landmarks Bhd, Petronas Dagangan Bhd, Maxis Bhd, Genting Malaysia Bhd, AE Multi Holdings Bhd, PNE PCB Bhd and Wintoni Group Bhd. Eco World...

Wintoni Group Bhd has been granted a further extension of time to appoint a replacement sponsor and submit its regularisation plan. The Practice Note 17 (PN17) said Bursa Malaysia Securities has now granted the company up till June 30 to submit its regularisation plan to the relevant authorities, subject to the appointment of a sponsor by March 1

WHAT was communicated in the 11-minute telephone conversation between Supermax Corp Bhd founder Datuk Seri Stanley Thai and his remisier Tiong Kiong Choon 13 years ago, and was it safe to convict the former of insider trading in APL Industries Bhd (APLI) shares based on what may have been said? In September, the Kuala Lumpur High Court ruled that it was not safe, and acquitted him of insider trading. On the same basis, judicial commissioner Datuk Azhar Abdul Hamid also reversed Tiong’s convic...

TWO former top executives of Silver Bird Group Bhd may have been acquitted by the Court of Appeal (COA) last June on 134 counts of cheating and using forged documents to cheat Malayan Banking Bhd (Maybank) of almost RM67.4 million, but they are not totally off the hook yet. Even though this was the prosecution’s final appeal, Datuk Jackson Tan Han Kook and Derec Ching Siew Cheong will still have to stand trial on charges levelled against them by the Securities Commission Malaysia for furnishi...

KUALA LUMPUR (Jan 8): Based on corporate announcements and news flow today, companies in focus on Monday (Jan 12) may include: APFT Bhd, SKP Resources Bhd, Top Glove Corp Bhd, VS Industry Bhd, Bintai Kinden Corp Bhd and Sentoria Group Bhd. APFT Bhd will be delisted from Bursa Malaysia on Jan 13, after the bourse dismissed the company’s appeal for an extension of time to submit its regularisation plan for approval. Bursa Malaysia said today that upon APFT’s delisting, the Practice Note 17 co...