The Change of Auditors was necessary because the former Auditors Siew Boon Yeong was fined and repriminded by the Securities Commission on Oct. 2018 and thus Fintec took the neccessary step to change Aiditors to PKF International Malaysia who is a more reowned and well accepted auditors worldwide. You must see the reason why they changed Auditors. See below link.
AOB ACTS AGAINST AUDITORS
19 October 2018 | Kuala Lumpur
The Securities Commission Malaysia’s Audit Oversight Board (AOB) fined Siew Boon Yeong & Associates and its Managing partner Dato’ Siew Boon Yeong RM227,000 and RM81,000 respectively for failing to comply with the requirements of the approved standards on auditing in Malaysia. The AOB also prohibited the firm and Siew from auditing the financial statements of a public interest entity (PIE) and schedule fund for nine months.
In addition, AOB prohibited a former partner of Siew Boon Yeong & Associates, Lim Teik Ee, from auditing the financial statements of any PIE for nine months after he was found to have failed to carry out his role as an Engagement Quality Control Reviewer (EQCR) for three public listed companies effectively. The EQCR plays an important role in the quality control process of an audit and is key to safeguarding audit quality. This is the first time the AOB has taken enforcement action against an auditor who was an EQCR.

On 5th March 2019, FINTEC announced the following. https://www.theedgemarkets.com/article/stretched-resources-forces-sby-quit-auditors-fintec

https://klse.i3investor.com/blogs/savemalaysia/2021-01-07-story-h1539206443-Penny_Stock_A_once_in_two_decade_penny_stock_fever.jsp

Fintec recorded a “fair value gain on investment securities” of RM714.2 million — nearly 10 times the RM73.6 million it recorded a year earlier in 2QFY2020. On its balance sheet as at Sept 30, 2020, it had RM1.23 billion in investment securities, almost four times the RM358.1 million recorded six months earlier on March 31.

Fintec did not reveal the details of the investment portfolio as it is not required under Bursa Malaysia’s listing rules. However, based on the disclosure of companies’ shareholdings through its wholly-owned subsidiary Asiabio Capital Sdn Bhd, Fintec holds shares in Saudee Group Bhd, VSolar Group Bhd, Komarkcorp Bhd, Focus Dynamics Group Bhd, Seacera Group Bhd and AT Systematization Bhd — all penny stocks. In a nutshell, the large gains were due to the surge in the market values of its investments.

I support buying at 16.5 sen level. Please support too and I also hope MK Land management also do their own support as well. Many Thanks to all if you do. Thank you. Unity is strength. Cheers. We want it to stay above 20 sen.

Got caught into the Sea of Red. No thanks to all the instability caused by our political goons and people who gave all their supports to the PH govt in the last election that helps created all this political instability today. We have to accept that we, as rakyat are deceived by all the political promises and goodies of a swift and a clean government ahead. Instead we receive all the instabilities we are receiving today. Everyday we got shocks and awes for someone aiming to be the coming Prime Minister. Really disgusting to hear to our ears as an investors in the Bursa.

Fintec huge profits declared in the last 2 Qtrs really awesome. No common group of companies in Malaysia can do such a feat. I believe the Auditors do not simply approved and verified such 2020 Audited Financial Reports. Doing such is against the rules set by the MIA and all the relevant Authorities. But I do understand investing into Quoted and Open Market Securities do have risks but such risks are subject to the rise and fall of each individual shares and portfolio. The Auditors and their Accountants are using the fair value accounting to report the profits. Fair value accounting do not cause the financial crisis (if any), but the crisis may have been aggravated by common mis-perceptions about fair value accounting standards. If we can make these accounting complexities clearer by adopting a dual dimensional approach using one fair value accounting and one historical cost accounting to our financial reporting, then both companies and stakeholders are then be better equipped to respond intelligently whenever any financial markets are next thrown into turmoil again and again and again. Based on my observations on the latest Qtr Report of Fintec, I know this risk and I fully accept what the investing public think about Fintec at the moment. Investing in Fintec now at 8 sen is the lowest if compared to what Fintec has reported such a huge profit. I believe one day Fintec would make a big dividend payout and the investing public will be awed. I invest in Fintec around 2 to 4 million shares only. Do not want to go in too deep, afraid the public fear may be correct because even the Directors of Fintec do not own any substantial shares. This is my only worry about Fintec. Do invest into Fintec and do not go in too deep. That's my advice.

Thanks kenie for your feedback and reply to my question on Fintec huge profits announcement. Sure sound feverish with such a huge amount. But why keep adding new right issues and warrants and icps when they can sell off their quoted shares for quick money. Funny really.

HamsterHuat. Wait one day Fintec declares big dividend. Fintec shoot up like nobody's business. Those not owning any Fintec shares will be left behind. Buy small will be OK. I too notice that Fintec has no big shareholders and has no dividend record. That's bad actually. A red flag though.

Yes. Wishing all of us HAPPY NEW YEAR 2021 and a bright one for all KLSE investors. Make MK Land back to 40 sen a share in 2021. Cheers.

Attention everybody. FINTEC reported 3Q 2020 Net Profit amtg RM720 Million and 2Q 2020 amtg RM151 Million. Such a huge profits achieved, nobody believes? Fintec NTA now is 91.76 sen a share. Why can buy at 8 sen now? Wondering why? So cheap still got people sell.

No Thanks to Lim Guan Eng. The one who made no mistake therefore NO APOLOGY FROM HIM.

Bursa Master is right. He highlighted MK Land on the 21 Sept 2020. Today MK Land has risen above 21 sen. Excellent job Bursa Master. https://klse.i3investor.com/blogs/Bursa_Master/2020-09-21-story-h1514236782-THIS_STOCK_IS_TRADING_WAY_BELOW_ITS_NTA_BIG_UPSIDE_POTENTIAL_POSSIBLE.jsp

Yes. MK Land can do it and MK Land is moving towards its NTA of RM1-00 price. Today 29/12/2020, MK Land closed at 21 sen after breaching 22 sen half an hour before close. Congratulations rhboskres for highlighting MK Land. Thank you very much.

Yes. MK Land can do it and MK Land is moving towards its NTA of RM1-00 price. Today 29/12/2020, MK Land closed at 21 sen after breaching 22 sen half an hour before close. Congratulations to Bursamaster for highlighting MK Land. Thank you very much. BURSAMASTER. You are excellent.

Yes. MK Land can do it and MK Land is moving towards its NTA of RM1-00 price. Today 29/12/2020, MK Land closed at 21 sen after breaching 22 sen half an hour before close. Congratulations to Bursamaster for highlighting MK Land. Thank you very much. You are excellent.

Thanks for the strong support today reaching 22 sen at 16.30 hrs. Musang King supports MK Land to at least 50 sen if possible. Congrats nemesis and all supporters here. With MK supporters coming in the afternoon session, MK Land is poised to have a very bright future from now on. Keep it up MK Land investors.

Nemesis. Who is buying? P&C. I know you are buying. I am buying this super under-valued stock MK Land. Congratulations to all buyers of MK Land shares. Together we remain united and strong. Today transacted at 21sen. Still super under-valued. 470% undervalued if compared to their paid up RM1-00 or current NTA ( Current Net Worth per share ) of RM0.99. SUPER VALUE TO BUY NOW.

OK I will accumulate more before the big players come back after their year end holidays.

If we take a look at the Property Counter, there are hardly any public listed companies with a Paid Up RM1-00 Share except MK Land. They are mostly 10 sen shares or 20 sen or 50 sen counters. Take for example JKG Land who happens to be a 10 sen paid up share. If JKG Land shares are trading at 9 sen each, it means it is trading at 90 sen a share if we convert JKG Land shares back to RM1-00 share like MK Land. Take for instance, if MK Land can do a little share restructuring exercise and announce a share split from RM1-00 to RM0.10 restructuring, MK Land shares are now actually trading at 1.9 sen a share. Tell me, where can you find a 1.9 sen good counter shares in the world. If really MK Land did a share split exercise from RM1.00 share to 10 sen share, I am very sure MK Land can easily be trading at 4 or 5 sen at any time of the year if convert back to RM1.00 share again, will be easily mean MK Land can fetch 40 or 50 sen a share today.

Yes. Hippocrates are made on Earth.

Nemesis. I love to support you to make MK Land returns back to its former glory not at RM1.00 a share but to the highest glory of RM3.60 a share like in the year 2000. This is possible provided the whole KLCI rally up to above 2000 points together. Without the KLSE general public support plus the Foreign Investors coming in like in 1996, going up to this level is quite impossible. I fervently hope that The World Shares and Stocks notice that MK Land shares are now heavily under-valued and it is time that the US Investors notice that MK Land shares ( a confirmed stable, undervalued and strong company ) are now trading at the lowest of all stocks in the KLSE today at RM0.19 which is still 520% below the real intrinsic value of RM1-00.

As long as nemesis lives, I wil make sure MK return back to its former glory at 1.00
21/12/2020 6:06 PM - Nemesis, are you "Tan Sri Datuk Mustapha Kamal" ? You sound like one. Hahahaaa . Tradesafely said : Musang King is tkl88 brother? No, I am not tkl88. But I love the way he supported MK Land. In fact, everywhere his posts are the same. Wow, Awsome !
Now MKLand already traded closing at 0.185 (-0.10) (-5.12 %) !
Keep going up MKLand ! Today, the whole KLCI is red. It is OK.

Huat ah ! Heng ah ! Ong ah !

Wow, Awsome !
Now MKLand already traded closing at 0.195 (+0.25) (+14.71 %) !
Keep it up MKLand !

Huat ah ! Heng ah ! Ong ah ! CHEERS UP EVERYBODY.

THE DAY PH DROPPED THE USAGE OF GST, I ALREADY KNEW THEY ARE A USELESS GROUP OF PEOPLE. THE WHOLE WORLD IS IN FAVOUR OF GST BUT THIS BUNCH OF NEW PH GOVERNMENT LEADERS ALL HAVE DESTROYED IT. NOW, THEY WANT TO BRING IT BACK SILENTLY BUT THEY STILL DO NOT ADMIT THEIR ERROR MADE. THEY ARE GREAT EGOISTIC POLITICIANS EVERYBODY KNOWS. WHAT A SHAME?

HOPELESS HARAPAN.

https://klse.i3investor.com/blogs/Bursa_Master/2020-09-21-story-h1514236782-THIS_STOCK_IS_TRADING_WAY_BELOW_ITS_NTA_BIG_UPSIDE_POTENTIAL_POSSIBLE.jsp

CONGRATULATIONS !!! MK Land investors. MK Land is our darling stock today. Having reached 18.5 sen today and stayed at 18 sen close. Record numbers of shares traded at 18 sen amounting to 6,960,600 shares out of the total shares done today of 17.22 million shares. MANY THANKS to our NEW supporters and also our usual MK Land supporters. With your supports, we have breached the 16.5 sen hurdle as our first target and we are heading to breach 19 sen tomorrow. Cheers up to all of you New and Old Supporters. Thank you. Together we are strong and united. WE CAN MAKE IT BACK TO 40 SEN LIKE BEFORE 2018 & 2019.

Even Genting Group so rich has to reduce so many work forces due to covid pandemic. You all better do not go to Genting for the time being because their staffs are so demoralised and they can lock up all the slot machines to the hardest level in order to gain back some money for the group.

To save cost, company has to terminate some staffs. That's very effective cost efficiency exercise. Why should a company carries more burden if some employees are not considered necessary like those affected by the tourism and leisure industry during this covid era. That's why I said, MK Land is very prudent and cost conscious company. Good work done. We should pat the shoulders of the management for saving company expenses and costs.

https://www.malaymail.com/news/money/2020/12/14/malaysian-property-market-may-rebound-in-2021-outlook-neutral-says-property/1931785

Hope MK Land can go back to 40 sen like before before 2019.

Huayang, right?

Please join me in my quest to accumulate MK Land shares for a Faithful and Religious Retirement Plan I am advocating. In history, the highest price per share for MK Land was RM3.60 happened in Feb 2000. Today, the price is only RM0.15 or merely 15 sen a share, and yet people just shy away from this counter. I promise I shall be accumulating MK Land from now for my old age retirement plan. I honestly believe MK Land has already gained great and vast amount of land banks and MK Land does not need to acquire anymore loan from the banks as the huge land banks are good for sale to any potential buyers. I shall keep MK Land shares for long term hoping MK Land directors to propose more dividends in the future year after year. To me, MK Land group is a very prudent group that believes in saving and providing affordable living properties to the people all across the country. In records, MK Land maintains its profits year after year for all the years in the past.

Invest in MK Land now for a better future. Buying now at 660% discount at the price of 15 sen against the NTA of RM1-00 per share. This group constantly making profits since its inception and even throughout the covid-19 period, the group still can produce a positive result as shown in the last quarterly report 2020.

CHINESE SAYS : SUDAH MATI TAPI MASIH MAU PEGANG PASIR DENGAN TANGAN.

Please join me in my quest to accumulate MK Land shares for a Faithful and Religious Retirement Plan I am advocating. In history, the highest price per share for MK Land was RM3.60 happened in Feb 2000. Today, the price is only RM0.15 or merely 15 sen a share, and yet people just shy away from this counter. I promise I shall be accumulating MK Land from now for my old age retirement plan. I honestly believe MK Land has already gained great and vast amount of land banks and MK Land does not need to acquire anymore loan from the banks as the huge land banks are good for sale to any potential buyers. I shall keep MK Land shares for long term hoping MK Land directors to propose more dividends in the future year after year. To me, MK Land group is a very prudent group that believes in saving and providing affordable living properties to the people all across the country. In records, MK Land maintains its profits year after year for all the years in the past. I am joining MK Land's noble struggle to be prudent, steady, honest and providing proper and affordable homes to their buyers. I pray that they can run the group well and steady and in return providing us investors a steady flow of increase in dividends and their share prices from year to year in the future. God bless MK Land Holdings Berhad, a very safe and sound future in its finance and in business ventures from now on. Long Lives to our Great Man and Mentor I always cherished and respected Tan Sri Datuk Mustapha Kamal. He is really a Down to Earth man and a very hard working entrepreneur, I know of. Greetings and well wishes to him I respect most and his whole current Board of Directors such as Puan Hjh Juliana Heather Ismail, Puan Felina, Mr Lau Shu Chuan, Madam Chew Cheng Im and his whole Management Team as well. May you all work happily, diligently, honesty and highest etiquette and professionalism. May you all be very successful in everything you all venture and endeavour on behalf MK Land Berhad and its shareholders. May Blessings be upon all of us together. _/\_ _/\_ _/\_.

I wonder anyone of you attended today's meeting. Looks like there is nothing to see in this AGM. Keep accumulating MK Land shares from now. An UNDER-VALUED GEM of 15 sen compared to the NTA (Net Worth) of 99 sen a share.

Today I cannot attend the AGM due to the reason that I have appointed the Chairman as my proxy. Initially I thought I can attend the video conferencing AGM organised by Tricor Tiih.online but Tricor called me by phone yesterday saying that I cannot attend after I have signed my proxy form apponting the Chairman to vote on my behalf. Next year, I would not appoint the Chairman again so that I can attend. Anybody has this problem so far. ( Actually, not attending deprives us a chance to see what is happening during the AGM). I know other companies AGM, they allow the shareholders attendance even after having appointed their proxies or anybody. So funny Tricor do not allow.

I hope Management proposes another dividend in March 2021. 1 sen or 2 sen like before.

From 2.0 sen to move up to 4 sen a piece is so so easy. Wow. That means it can goes up by few hundreds to 1,000 over % very easily.

OK. I have propose Allan Ding idea of share splitting for MK Land Holdings Directors to the tiih.online suggestion form which must be submitted before 10am on the 6th Dec 2020. I have submitted today 5th Dec 2020 just now. I hope the BOD will decide on this. If MK Land shares split to 10 for 1, meaning the number pf shares will increase 10 times and the price will be adjusted accordingly. Once adjusted, the stock prices will go up in tandom of half a sen (i.e. 0.05 sen). So if the current price is 16 sen, automatically it will be adjusted to 2.0 sen which is equivalent to 20 sen now.

Further more, Yong Tai profit and loss is zero while MK Land was showing profits after profits for all the years passed.

Nemesis. Agree with you 100%. If YT can go up, I do not know why MK Land cannot. It must twice at least better than YT as MK Land Balance Sheet, Profits, Land Banks and Cash are all solid. This is the reality, people prefer speculation stocks than solid undervalue stocks which is still available now today 4th Dec 2020. If the good upswing KLSE momentum continues till CNY, I am sure all good and undervalued stocks prices will be above RM1-00 a share which is still 20% of what happened in the year 1997 (pre-1998 time).

Let us grab MK Land shares kaw kaw before MK Land grabs it themself for share buy back. WE CAN DO IT. All property shares starting to go up today. See Yong Tai ( a small developer in Malacca) also steam today. Up more than 70% now.

I seconded. MK Land Holdings Berhad Directors, please take note of Ding HL Allan's idea. I too believe MK Land share prices will automatically be adjusted to at least 4 sen each if restructured by splitting 10 for 1. And average RM3/- to RM4/- per share if restructured 10 to 1 given an adjusted NTA ( Net Worth per Share ) of RM9.90 after consolidation exercise if any. Excellent idea. Yes. I agree.

SEMUA PEMBANGKANG PENIPU BETUL. SEKARANG TIPU SINI TIPU SANA. MACAM MANIFESTO PEMBANGKANG 2018.

SEMUA MP TIPU KUAT KUAT. MALU.

EXACTLY. BOTH ARE CORRECT.

OMG. No more election please. Covid19 is still very very active. Do the government wants Malaysia to be like USA where covid cases go up to 10 Million.?