Reported in The Edge, Malaysia,(20/9/06) Ireka Corporation Bhd’s executive director Lai Voon Hon had announced some turnaround strategies hoping to the turn the company’s bottom-line back to profitability. Earlier, the company has incurred a net loss of RM7.51 million in the first quarter to June 30, 2006 due maintly to its construction subsidiaries adversely affected by [...]
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If you have a subsidiary in China which is under-performing, do you like to know more about any probable way of transforming/restructuring it into a successful venture. Reported in The Star (18/9/06) a ex-Malaysian banker, Datuk Teo Tong Kooi , CEO of Singapore’s Hong Leong Asia Ltd (HLA) apparently has managed to transform a formerly state owned [...] As at yesterday, there were a total of 17 PN17 companies, which represents 1.65 per cent of the total 1,030 companies listed on Bursa Malaysia. Bursa Malaysia Bhd has started delisting procedures against Polymate Holdings Bhd, where the plastic product manufacturer was served with a notice yesterday. Polymate has five market days [...] Proton Holdings Bhd as the national car maker should deserve some news on its restructuring. Reported in The Edge Malaysia:- “ Bukit Katil Resources Bhd is in talks with a few new potential white knights after failing at its first attempt to rescue the financially distressed (PN4 status) company, its executive director S Ganesan said. Speaking to reporters after its EGM in Petaling Jaya on July 21 he said: “The obvious direction [...] |
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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