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2016-01-19 19:30 | Report Abuse
With reference to the Company's announcement dated 11 August 2015 whereby BTM Marketing & Trading Sdn. Bhd.("BTM Marketing"), a wholly owned subsidiary of BTM has entered into a preliminary discussion with Pendragon Auto Sdn.Bhd.("Pendrogon Auto") of Lot 32,Jalan Teluk Sisek,25000 Kuantan,Pahang Darul Makmur with the aim to eventually cumulated into a definitive Shares Sale Agreement or a Shares Subsription Agreement resulting in BTM Marketing acquiring or holding an effective stake of no less than 51% in Pendragon Auto.
The Board of Directors of BTM wishes to announce that BTM Marketing will no longer to hold discussion with Pendragon Auto on Shares Sale Agreement or Shares Subsription Agreement as on 15 January 2016 ,BTM Marketng has received a letter from Pendragon Auto indicating that thay are unable to proceed with Shares Sale Agreement or Shares Subscription Agreement.
2016-01-18 23:10 | Report Abuse
US market closed today for Martin Luther King Day
2016-01-15 15:20 | Report Abuse
Not quarter report no good. The quarter report not out yet. Just the bad market sentiment. Be patient.
2016-01-15 14:21 | Report Abuse
Let wait for the quarter report to come out the earliest today.
2016-01-13 23:42 | Report Abuse
That useless lame fish cannot even press down the price. the worse is that he is hiding now to avoid being investigated by the authority. sigh, cannot get more cheaper hevea.
2016-01-13 22:40 | Report Abuse
For sure, MRT2,LRT3,Pan Borneo Highway,DASH and other planned projects won't be affected.this projects are on going to make sure our country GDP 4-5% achieved in 2016.
2016-01-13 22:29 | Report Abuse
No worry.hevea management know who is this Robert and sure they can find him
2016-01-13 21:38 | Report Abuse
KUALA LUMPUR (Jan 13): Prime Minister Datuk Seri Najib Razak is set to announce the revisions to Budget 2016 on January 28, Treasury secretary-general Tan Sri Mohd Irwan Siregar Abdullah said today.
He said the planned tweaks would not see cuts in the salaries of some two million civil servants.
"The prime minister will announce the revised budget on January 28 ... let’s wait for his announcement to see what the details are," he said at the launch of the World Bank's office in Kuala Lumpur today.
In his speech earlier, Irwan said the revision was necessary due to the drop in oil revenue and the ringgit's lower value.
However, he said the revision would not affect the previously planned projects.
Last week, Najib announced Budget 2016 would be revised to take into account Malaysia's falling revenue from lower oil prices and uncertainties in the global economy.
The national budget tabled last October should be more "realistic" and in line with the current economic situation, he said.
Budget 2016 was tabled when oil was US$48 per barrel. The price has now fallen to below US$33 per barrel.
2016-01-13 21:34 | Report Abuse
There won't any delay on the mega project. Our country growth depends on this mega project. Our government cannot afford to delay it.
2016-01-13 20:45 | Report Abuse
HeveaBoard says allegations on online portal 'untrue, defamatory and malicious'
KUALA LUMPUR (Jan 13): HeveaBoard Bhd has again refuted several allegations against the company posted on an online stock investor portal as untrue and defamatory.
This time, in a filing with Bursa Malaysia today, Heveaboard said it reserves all rights to take legal action.
"The contents made in those articles are untrue, defamatory and malicious in nature," the company said.
The Edge Financial Daily had yesterday written about a report by CIMB Investment Bank that detailed HeveaBoard management's explanations to the allegations via a conference call between the company and institutional investors.
The blog had alleged that a civil suit has been filed against the company's managing director over the non-payment of dividends.
HeveaBoard said today as the suit did not involve the company and was at the shareholders' level, it was a private matter and there was no legal requirement for the company to make any announcements to Bursa on the matter.
The company also said the suit had no bearing on the governance of the company.
HeveaBoard explained that the civil suit filed in the High Court of Malaya in Seremban in September 2014 was a suit brought by the minority shareholders of HeveaWood Industries Sdn Bhd against the majority shareholders of HeveaWood, namely Yong Kian Seng @ Yoong Tein Seng, Yoong Hau Chun, Tenson Holdings Sdn Bhd, Firama Holdings Sdn Bhd and HeveaWood.
"The minority shareholders alleged that they have been oppressed by the majority shareholders, and non-payment of dividends by HeveaWood was one of the allegations made," the statement said.
It added that HeveaBoard had not paid any dividends during the financial years ended 2009 to 2012 due to its financial position during that period of time.
It said HeveaWood should not be confused with HeveaBoard.
HeveaWood is a substantial shareholder of HeveaBoard and is a private limited company.
The company also said that the High Court has decided in favour of the defendant in the suit, but the minority shareholders have subsequently filed an appeal against the decision of the Seremban High Court.
The blog had also highlighted some issues pertaining to the company's containers of particleboard in South Korea, and discrepancies in HeveaBoard's inter-company loan.
HeveaBoard reiterated today that the South Korean authority had changed its standard of panel products from E2 to E1 boards. As the South Korean E1 testing standards differed slightly, HeveaBoard had delayed shipment to South Korea pending clarification of its new testing standards.
The issue has since been resolved, it said.
On the discrepancies in inter-company loans, HeveaBoard said that, in addition to the amount it owed to HeveaWood, there were other amounts due from other related parties to HeveaWood.
"Hence, the alleged discrepancies," it said adding that the amount owing to HeveaWood is intended to be repaid in 2016.
HeveaBoard shares closed two sen or 1.29% higher at RM1.57, with a market capitalisation of RM714.02 million.
2016-01-13 20:18 | Report Abuse
wow. he is hiding now. get him jailed is the best solution. everyday eat curry rice there is the best choice for him.
2016-01-13 20:00 | Report Abuse
Should be jobless now. oil and gas so bad. so he was paid to write bad things on hevea.
2016-01-13 19:49 | Report Abuse
No more noise from Robert group? Bursa so power.
2016-01-13 19:42 | Report Abuse
Saltedfish has to eat curry rice in jail?
2016-01-13 19:31 | Report Abuse
Yes, he should learn how to behave.many people richer than him also won't act like him. Be humble.
2016-01-13 19:18 | Report Abuse
No worry on hevea. The management will manage them. Also Bursa come into play.Let Bursa investigate them if there are more action from them. All I know is that hevea next quarter will be very good.
2016-01-13 19:16 | Report Abuse
Woe target price 2.54. Good good.
2016-01-13 18:58 | Report Abuse
Official Statement by HeveaBoard Berhad
This announcement is made in relation to the article published in TheEdge Financial Daily on 13 January
2016) titled “HeveaBoard rebounds as allegations against it dismissed” in relation to certain articles
posted by certain parties on an online stock investor portal known as I3investor recently:
(a) “HEVEA, Internal Cracks Emerging” dated 6 January 2016;
(b) “HEVEA: 700 Containers Stranded in Korean Port” dated 7 January 2016; and
(c) “HEVEA” Ingenuity Accounting (Bomb No.1) dated 10 January 2016.
The contents made in those articles are untrue, defamatory and malicious in nature.
The Company states the following:
1. It is business as usual at the Company and its subsidiaries (collectively, the “Group”).
2. Business operations of the Group have not been interrupted as a result of the allegations
contained in the abovementioned articles.
3. The civil suit (“Suit”) filed in the High Court of Malaya in Seremban (“Seremban High Court”)
in September 2014 is a suit brought under Section 181 of the Companies Act 1965 by the
minority shareholders of HeveaWood Industries Sdn Bhd (“HeveaWood”) against the majority
shareholders of HeveaWood (i.e. Yong Kian Seng @ Yoong Tein Seng, Yoong Hau Chun, Tenson
Holdings Sdn Bhd, Firama Holdings Sdn Bhd and HeveaWood Industries Sdn Bhd). The minority
shareholders alleged that they have been oppressed by the majority shareholders, and non
payment of dividends by HeveaWood was one of the allegations made. On a separate note, the
Company had not paid any dividends during the financial years ended 2009 to 2012 due to its
financial position during that period of time.
HeveaWood should not be confused with the Company. HeveaWood is a substantial
shareholder of the Company and is a private limited company.
This Suit had been decided by the Seremban High Court in favour of the majority shareholders.
The minority shareholders have subsequently filed an appeal against the decision of the
Seremban High Court.
As the Suit does not involve the Company and is at the shareholders’ level, it is a private matter
and there is no legal requirement for the Company to make any announcements to Bursa
Malaysia Securities Berhad on the same. The Suit has no bearing on the governance of the Company.
4. As for the allegation of 700 containers of the Company being stranded in a port in South Korea
in October 2015 due to non-conformance of quality standards, the Company reiterates that this
is untrue. The South Korean authority had changed its standard of panel products from E2
boards to E1. As South Korean E1 testing standards differed slightly, the Company had decided
to delay its shipment to South Korea pending clarification on new testing standards applicable
to its products. As of to-date, this matter has been resolved.
5. In respect of the allegation of ingenuity accounting in that there were discrepancies between
the amounts owed by related parties to HeveaWood and the amounts owed by the Company
to related parties, the Company understands that in addition to the amount owing by the
Company to HeveaWood, there are other amounts due from other related parties to
HeveaWood. Hence, the alleged discrepancies. The amount owing to HeveaWood by the
Company is intended to be repaid in 2016.
The Company reserves all rights to take legal steps
2016-01-13 18:02 | Report Abuse
Official Statement by HeveaBoard Berhad
This announcement is made in relation to the article published in TheEdge Financial Daily on 13 January
2016) titled “HeveaBoard rebounds as allegations against it dismissed” in relation to certain articles
posted by certain parties on an online stock investor portal known as I3investor recently:
(a) “HEVEA, Internal Cracks Emerging” dated 6 January 2016;
(b) “HEVEA: 700 Containers Stranded in Korean Port” dated 7 January 2016; and
(c) “HEVEA” Ingenuity Accounting (Bomb No.1) dated 10 January 2016.
The contents made in those articles are untrue, defamatory and malicious in nature.
The Company states the following:
1. It is business as usual at the Company and its subsidiaries (collectively, the “Group”).
2. Business operations of the Group have not been interrupted as a result of the allegations
contained in the abovementioned articles.
3. The civil suit (“Suit”) filed in the High Court of Malaya in Seremban (“Seremban High Court”)
in September 2014 is a suit brought under Section 181 of the Companies Act 1965 by the
minority shareholders of HeveaWood Industries Sdn Bhd (“HeveaWood”) against the majority
shareholders of HeveaWood (i.e. Yong Kian Seng @ Yoong Tein Seng, Yoong Hau Chun, Tenson
Holdings Sdn Bhd, Firama Holdings Sdn Bhd and HeveaWood Industries Sdn Bhd). The minority
shareholders alleged that they have been oppressed by the majority shareholders, and non
payment of dividends by HeveaWood was one of the allegations made. On a separate note, the
Company had not paid any dividends during the financial years ended 2009 to 2012 due to its
financial position during that period of time.
HeveaWood should not be confused with the Company. HeveaWood is a substantial
shareholder of the Company and is a private limited company.
This Suit had been decided by the Seremban High Court in favour of the majority shareholders.
The minority shareholders have subsequently filed an appeal against the decision of the
Seremban High Court.
As the Suit does not involve the Company and is at the shareholders’ level, it is a private matter
and there is no legal requirement for the Company to make any announcements to Bursa
Malaysia Securities Berhad on the same. The Suit has no bearing on the governance of the Company.
4. As for the allegation of 700 containers of the Company being stranded in a port in South Korea
in October 2015 due to non-conformance of quality standards, the Company reiterates that this
is untrue. The South Korean authority had changed its standard of panel products from E2
boards to E1. As South Korean E1 testing standards differed slightly, the Company had decided
to delay its shipment to South Korea pending clarification on new testing standards applicable
to its products. As of to-date, this matter has been resolved.
5. In respect of the allegation of ingenuity accounting in that there were discrepancies between
the amounts owed by related parties to HeveaWood and the amounts owed by the Company
to related parties, the Company understands that in addition to the amount owing by the
Company to HeveaWood, there are other amounts due from other related parties to
HeveaWood. Hence, the alleged discrepancies. The amount owing to HeveaWood by the
Company is intended to be repaid in 2016.
The Company reserves all rights to take legal steps
2016-01-13 18:01 | Report Abuse
Official Statement by HeveaBoard Berhad
This announcement is made in relation to the article published in TheEdge Financial Daily on 13 January
2016) titled “HeveaBoard rebounds as allegations against it dismissed” in relation to certain articles
posted by certain parties on an online stock investor portal known as I3investor recently:
(a) “HEVEA, Internal Cracks Emerging” dated 6 January 2016;
(b) “HEVEA: 700 Containers Stranded in Korean Port” dated 7 January 2016; and
(c) “HEVEA” Ingenuity Accounting (Bomb No.1) dated 10 January 2016.
The contents made in those articles are untrue, defamatory and malicious in nature.
The Company states the following:
1. It is business as usual at the Company and its subsidiaries (collectively, the “Group”).
2. Business operations of the Group have not been interrupted as a result of the allegations
contained in the abovementioned articles.
3. The civil suit (“Suit”) filed in the High Court of Malaya in Seremban (“Seremban High Court”)
in September 2014 is a suit brought under Section 181 of the Companies Act 1965 by the
minority shareholders of HeveaWood Industries Sdn Bhd (“HeveaWood”) against the majority
shareholders of HeveaWood (i.e. Yong Kian Seng @ Yoong Tein Seng, Yoong Hau Chun, Tenson
Holdings Sdn Bhd, Firama Holdings Sdn Bhd and HeveaWood Industries Sdn Bhd). The minority
shareholders alleged that they have been oppressed by the majority shareholders, and non
payment of dividends by HeveaWood was one of the allegations made. On a separate note, the
Company had not paid any dividends during the financial years ended 2009 to 2012 due to its
financial position during that period of time.
HeveaWood should not be confused with the Company. HeveaWood is a substantial
shareholder of the Company and is a private limited company.
This Suit had been decided by the Seremban High Court in favour of the majority shareholders.
The minority shareholders have subsequently filed an appeal against the decision of the
Seremban High Court.
As the Suit does not involve the Company and is at the shareholders’ level, it is a private matter
and there is no legal requirement for the Company to make any announcements to Bursa
Malaysia Securities Berhad on the same. The Suit has no bearing on the governance of the Company.
4. As for the allegation of 700 containers of the Company being stranded in a port in South Korea
in October 2015 due to non-conformance of quality standards, the Company reiterates that this
is untrue. The South Korean authority had changed its standard of panel products from E2
boards to E1. As South Korean E1 testing standards differed slightly, the Company had decided
to delay its shipment to South Korea pending clarification on new testing standards applicable
to its products. As of to-date, this matter has been resolved.
5. In respect of the allegation of ingenuity accounting in that there were discrepancies between
the amounts owed by related parties to HeveaWood and the amounts owed by the Company
to related parties, the Company understands that in addition to the amount owing by the
Company to HeveaWood, there are other amounts due from other related parties to
HeveaWood. Hence, the alleged discrepancies. The amount owing to HeveaWood by the
Company is intended to be repaid in 2016.
The Company reserves all rights to take legal steps
2016-01-13 17:56 | Report Abuse
Official Statement by HeveaBoard Berhad
This announcement is made in relation to the article published in TheEdge Financial Daily on 13 January
2016) titled “HeveaBoard rebounds as allegations against it dismissed” in relation to certain articles
posted by certain parties on an online stock investor portal known as I3investor recently:
(a) “HEVEA, Internal Cracks Emerging” dated 6 January 2016;
(b) “HEVEA: 700 Containers Stranded in Korean Port” dated 7 January 2016; and
(c) “HEVEA” Ingenuity Accounting (Bomb No.1) dated 10 January 2016.
The contents made in those articles are untrue, defamatory and malicious in nature.
The Company states the following:
1. It is business as usual at the Company and its subsidiaries (collectively, the “Group”).
2. Business operations of the Group have not been interrupted as a result of the allegations
contained in the abovementioned articles.
3. The civil suit (“Suit”) filed in the High Court of Malaya in Seremban (“Seremban High Court”)
in September 2014 is a suit brought under Section 181 of the Companies Act 1965 by the
minority shareholders of HeveaWood Industries Sdn Bhd (“HeveaWood”) against the majority
shareholders of HeveaWood (i.e. Yong Kian Seng @ Yoong Tein Seng, Yoong Hau Chun, Tenson
Holdings Sdn Bhd, Firama Holdings Sdn Bhd and HeveaWood Industries Sdn Bhd). The minority
shareholders alleged that they have been oppressed by the majority shareholders, and non
payment of dividends by HeveaWood was one of the allegations made. On a separate note, the
Company had not paid any dividends during the financial years ended 2009 to 2012 due to its
financial position during that period of time.
HeveaWood should not be confused with the Company. HeveaWood is a substantial
shareholder of the Company and is a private limited company.
This Suit had been decided by the Seremban High Court in favour of the majority shareholders.
The minority shareholders have subsequently filed an appeal against the decision of the
Seremban High Court.
As the Suit does not involve the Company and is at the shareholders’ level, it is a private matter
and there is no legal requirement for the Company to make any announcements to Bursa
Malaysia Securities Berhad on the same. The Suit has no bearing on the governance of the Company.
4. As for the allegation of 700 containers of the Company being stranded in a port in South Korea
in October 2015 due to non-conformance of quality standards, the Company reiterates that this
is untrue. The South Korean authority had changed its standard of panel products from E2
boards to E1. As South Korean E1 testing standards differed slightly, the Company had decided
to delay its shipment to South Korea pending clarification on new testing standards applicable
to its products. As of to-date, this matter has been resolved.
5. In respect of the allegation of ingenuity accounting in that there were discrepancies between
the amounts owed by related parties to HeveaWood and the amounts owed by the Company
to related parties, the Company understands that in addition to the amount owing by the
Company to HeveaWood, there are other amounts due from other related parties to
HeveaWood. Hence, the alleged discrepancies. The amount owing to HeveaWood by the
Company is intended to be repaid in 2016.
The Company reserves all rights to take legal steps
2016-01-13 01:00 | Report Abuse
Looking forwards RM3.00 soon after the quarter report out.
2016-01-13 00:59 | Report Abuse
Haha, SJSOON. Don't get serious with him. He is still a little boy.
2016-01-13 00:57 | Report Abuse
The more important is to find out who this Robert group and where are they. Get them sued and jailed.
2016-01-12 22:44 | Report Abuse
Thanks for sharing. I always enjoy reading your sharing
2016-01-12 22:42 | Report Abuse
Yes. collect collect collect
2016-01-12 22:39 | Report Abuse
Now it is another joker fortuneball from Robert group
2016-01-12 20:56 | Report Abuse
I put gadang in the freezer. After half year, I open it again
2016-01-12 20:53 | Report Abuse
This Robert group is the most stupid syndicate that I ever met in my life. Fail to manipulate the price, the worse is that nobody will trust them with their idiot acts full of cheat. Next time don't come to forum again. No one will trust you.
2016-01-12 20:37 | Report Abuse
I keep it in the freezer.after 1/2 year I would open it again
2016-01-12 19:28 | Report Abuse
Let catch the salted fish first.i want to eat curry fish head
2016-01-12 18:32 | Report Abuse
May be someone can take initiative to report to SC on this Robert group so that SC can investigate them.
2016-01-12 17:46 | Report Abuse
If they can be trusted,the pig also can climb the tree
2016-01-12 17:35 | Report Abuse
They also targeted liihen last tim.see the liihen price up 300% already
Stock: [HEVEA]: HEVEABOARD BHD
2016-01-24 10:36 | Report Abuse
It is funny and ridiculous that saltedfish talked on karma. All the things he had done previously will lead him to the hell. btw, a person will always say he is innocent even though he had done a lot of bad things.