Major Reasons For Companies/Firms to Fail
Extracted from Bursa Saham Malaysia, the total PN 17 companies/firms:
(List updated as at 13 July 2010)
ARK RESOURCES BHD 1
AKN TECHNOLOGY BERHAD 2
AXIS INCORPORATED BERHAD 2
EVERMASTER GROUP BERHAD 2
FOUNTAIN VIEW DEVELOPMENT BERHAD 3
HAISAN RESOURCES BERHAD 3
HO HUP CONSTRUCTION BERHAD 2
HOCK SIN LEONG GROUP BERHAD 3
GULA PERAK BHD 3
IBRACO BERHAD 3
JPK HOLDINGS [...]
Zhulian Corp Bhd, a public listed direct selling company has proposed:
• A one-for-three bonus issue of 115 million shares of 50 cents each
• As at 30 th April 2010, Zhulian’s issued and paid-up capital stood at Rm172.5mil comprising 345 million shares and with the proposed bonus issue enlarging the issued and paid-up capital to Rm230mil
• The [...]
Accounting fraud in malaysia:DIS Technology Holding Bhd
DIS Techology Holding Bhd (DIST)(0063) which is listed on Bursa Malaysia’s ACE Market, intend to reinstate its financial results in the past few quarters due to an alleged sales fraud in Hong Kong. The fraud is pertaining to billing to an external customer Starlight Marketing Ltd located in Hong [...]
Conventional FD vs Placing into Tax Exempt Fund to increase interest yield
One of the way we can increase the net interest yield of our company’s surplus cash fund is to place them under a tax exempt fund of a professional run investment management company. The logic is simple as the tax exempt fund is fully exempted [...]
Group treasurer job and job description
Normally a group treasurer job includes some of the following:
Ensure existing treasury procedures comply with group Head Office
Cash flow management: cash forecast or projections
Placement and investment policy
Foreign exchange management: mitigation FX risk
Minimize borrowings cost and ensure availability of correct quantum and cheap fund
Maintaining close relationship with bankers and lenders of [...]
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