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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 [...] For those who are involved with corporate restructuring and other,it is noteworthy to note that our Malaysian Foreign Investment Committee(FIC) which was previously in charge of ensuring the 30% bumiputra quota shareholding requirement in listed companies and property transfer,etc has been officially disbanded on 30 th June 2009. This was announced by our Prime [...] Latest hit for De-listing procedure by Bursa Malaysia was KL Infrastructure Group Berhad under the Amended Practice Note No. 17/2005 (“Amended-PN17”). The Company has failed to comply with the extended timeframe granted by Bursa Securities to submit its regularisation plans to the Securities Commission and other relevant authorities for approval by 31 August 2007 As [...] As an accountant,one of the basic fundamental convention we alway adhere to is the going concern concept. How then can we see tell-tales of your company not as a going concern outfit? Some indications and tell-tales are: loan repayments are falling due in the near future and refinancing facilities are not immediately available high [...] On Jan 30,Lafarge Malayan Cement Bhd has proposed the following corporate restructuring: · proposed for capital repayment on the basis of 20 sen for every 50 sen share held by reducing the share capital of 50 sen each to 30 sen each. (Based on the paid-up of RM1.41 billion as at [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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