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 [...]
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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 [...] 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. Reported in The BT (5/8/06) that Bursa Malaysia Bhd has started delisting procedures against Polymate Holdings Bhd,where the plastic product manufacturer was served with a notice yesterday. Polymate [...] Proton Holdings Bhd as the national car maker should deserve some news on its restructuring. Nothing seems to be going right since the departure of the ex-CEO,Tengku Mahaleel and the constructive criticisms from our ex-Prime Minister. Like any GLC,it seems that Proton needs a shot in the arm to move faster with its [...] 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 [...] |  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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