Posted by Good123 > 2022-08-17 11:43 | Report Abuse

Makin + :)

MIDF stays positive on construction sector with encouraging developments in Sarawak | https://www.klsescreener.com/v2/news/view/1032229

Posted by Good123 > 2022-08-17 12:27 | Report Abuse

Makin cerah :)

My Say: Public private partnerships with Malaysian characteristics | https://www.klsescreener.com/v2/news/view/1032233

Posted by Good123 > 2022-08-17 13:06 | Report Abuse

Dah mau boom semula

#BHbisnes Jumlah aliran masuk bersih dana antarabangsa setakat tahun ini adalah sebanyak RM7.11 bilion

Posted by Good123 > 2022-08-18 08:19 | Report Abuse

KUALA LUMPUR (Aug 17): Senior Defence Minister Datuk Seri Hishammuddin Tun Hussein on Wednesday (Aug 17) announced a one-off special payout of up to RM500 to contributors, in conjunction with Armed Forces Fund Board's (LTAT) Golden Jubilee celebration.

He said the offer was the result of LTAT's transformation initiative, following the approval of the Armed Forces Fund (Amendment) Bill 2022 in the Dewan Negara recently.

He said the withdrawal application can be made through the MyWira application from Oct 10 to Dec 10, and the first phase payment will be made on Dec 19 to 23.

"This offer is a sign of appreciation for the services and sacrifices of Mindef (Ministry of Defence) staff, especially the contributors," he said after officiating the Jalur Gemilang flag launch in conjunction with his ministry's National Day celebration and LTAT's 50th Golden Jubilee celebration at Wisma Pertahanan here.

Hishammuddin also announced an additional fund of RM2 million to LTAT in conjunction with the 2022 Warriors' Day celebration from five local companies, namely Dhaya Maju Infrastructure Asia Sdn Bhd, Affin Bank Bhd, Boustead Holdings Bhd, Pharmaniaga Bhd and LBS Foundation.

Hishammuddin also outlined some of the excellent achievements of the ministry during the first six months of this year, despite being surrounded by controversy regarding the leak of the Royal Malaysian Navy's littoral combat ship (LCS) project scandal.

"The Royal Malaysian Air Force will receive two more CN235 aircraft this September. One aircraft has already been completed and is stationed under the No.1 Squadron at Kuching Air Base.

He also said that the first of five planned military polyclinics have been completed at Penrissen Camp in Kuching.

Related story:
No additional funds for first LCS, says Hishammuddin

Posted by Good123 > 2022-08-18 08:31 | Report Abuse

https://fb.watch/eZgrycnxGc/


JHEV ATM - MAJLIS PECAH TANAH PROJEK USAHASAMA YAYASAN...
2 Apr 2021 — KUALA LUMPUR, 2 APRIL 2021 – Yayasan Veteran ATM, Jabatan Hal Ehwal Veteran (JHEV) ATM, Kementerian Pertahanan dan Pasukhas Development

Posted by Good123 > 2022-08-18 08:33 | Report Abuse

https://youtu.be/LAgkgpfW5R0

BERNAMA on Twitter: ".@IsmailSabri60 lancar Majlis Pecah Tanah Projek ...
2 Apr 2021 — lancar Majlis Pecah Tanah Projek Usahasama Yayasan Veteran ATM dan Pasukhas Development Sdn Bhd yang

Posted by Good123 > 2022-08-18 08:35 | Report Abuse

https://www.thesundaily.my › local
MAF Veterans Foundation project to generate annual income of RM3 mil
4 Feb 2021 — Ismail Sabri said with the fixed income, it could reduce ATM Veterans Foundation's financial dependency on the government.
https://www.nst.com.my › 2021/03
Pasukhas aims to launch flagship property project with GDV of RM338 ...
17 Mar 2021 — Pasukhas Group Berhad aims to raise at least RM10 million or more from ... with Yayasan Veteran Angkatan Tentera Malaysia (YVATM) to develop ...
https://surgaroute.com › diingatkan-...
Rakyat diingatkan tidak rentas daerah & negeri bagi sambutan Aidiladha 1442H
18 Jul 2021 — ... Usahasama Yayasan Veteran ATM dan Pasukhas Development Sdn. Bhd. di Jalan Bernama hari ini. --fotoBERNAMA (2021) HAK CIPTA TERPELIHARA.
https://malaysiastock.biz › Company...
PASUKHAS GROUP BERHAD - EXECUTION OF JOINT VENTURE ...
EXECUTION OF JOINT VENTURE AGREEMENT BETWEEN YAYASAN VETERAN ATM ("YAYASAN") AND BUNGAR MAJUJAYA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PASUKHAS GROUP BERHAD (" ...
https://varnam.my › breaking-news
Movement Control Order Enforced In Six Selangor Districts Beginning 6th May ...
4 May 2021 — ... Usahasama Yayasan Veteran ATM dan Pasukhas Development Sdn. Bhd. di Jalan Bernama hari ini.

Posted by Good123 > 2022-08-18 08:35 | Report Abuse

MAF Veterans Foundation project to generate annual income of RM3 mil
4 Feb 2021 — Ismail Sabri said with the fixed income, it could reduce ATM Veterans Foundation's financial dependency on the government.
https://www.nst.com.my › 2021/03
Pasukhas aims to launch flagship property project with GDV of RM338 ...
17 Mar 2021 — Pasukhas Group Berhad aims to raise at least RM10 million or more from ... with Yayasan Veteran Angkatan Tentera Malaysia (YVATM) to develop ...
diingatkan-...
Rakyat diingatkan tidak rentas daerah & negeri bagi sambutan Aidiladha 1442H
18 Jul 2021 — ... Usahasama Yayasan Veteran ATM dan Pasukhas Development Sdn. Bhd. di Jalan Bernama hari ini. --fotoBERNAMA (2021) HAK CIPTA TERPELIHARA.
https://malaysiastock.biz › Company...
PASUKHAS GROUP BERHAD - EXECUTION OF JOINT VENTURE ...
EXECUTION OF JOINT VENTURE AGREEMENT BETWEEN YAYASAN VETERAN ATM ("YAYASAN") AND BUNGAR MAJUJAYA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PASUKHAS GROUP BERHAD
Movement Control Order Enforced In Six Selangor Districts Beginning 6th May ...
4 May 2021 — ... Usahasama Yayasan Veteran ATM dan Pasukhas Development Sdn. Bhd. di Jalan Bernama hari ini.

Posted by Good123 > 2022-08-18 08:39 | Report Abuse

Pasukhas Green Assets Sdn Bhd (ASEAN Green SRI Sukuk) RM200 ...
9 SECTION 3 – CORPORATE INFORMATION OF PASUKHAS GROUP BERHAD . ... (“JV Agreement”) with Yayasan Veteran ATM (“Yayasan”) in collaborating in a joint venture ...

Jangan abai veteran ATM, tegas Anwar - Utusan Malaysia
6 Jun 2022 — PERHIMPUNAN aman veteran ATM di Tugu Negara hari ini. ... suara dan nasib para veteran Angkatan Tentera Malaysia (ATM) yang banyak berjasa ...
Missing: pasukhas ‎| Must include: pasukhas

PATRIOT 1-2021 - Membalik Buku Halaman 1-32 | AnyFlip
16 Aug 2021 — ATM, Jabatan Hal Ehwal Veteran (JHEV) ATM, Kementerian Pertahanan dan Pasukhas Development

Posted by Good123 > 2022-08-18 09:04 | Report Abuse

Ada Projek dalam pasukhas melibatkan veteran ATM, barangkali, ada GLC mau ambil alih pasukhas terutamanya harga syernya sangat undervalued kini :)

Posted by Good123 > 2022-08-18 09:28 | Report Abuse

Offer price for privatisation, say, 6sen... ~rm104mil je, murah... Nta 12sen, p/b ~ 0.5

Posted by Good123 > 2022-08-18 11:43 | Report Abuse

selepas pru 15 dah diumumkan, saya rasa bahawa tawaran untuk menswastakan pasukhas akan muncul...sabar ya,,,


Mungkin strategi puak ini, terbitkan banyak syer supaya harga syer rendah, kemudian sapu syer dengan esos, dll, strategi terakhir, telan syarikat pada harga tawaran rendah :)

Posted by sunsetbiz > 2022-08-19 15:06 | Report Abuse

aiyo ...the only hope u have while all ppl earning non stop outside....:)

Posted by Good123 > 2022-08-19 15:09 | Report Abuse

OTHERS PASUKHAS GROUP BERHAD ("PASUKHAS" OR "THE COMPANY") - APPOINTMENT OF AUDITORS
PASUKHAS GROUP BERHAD

Type Announcement
Subject OTHERS
Description PASUKHAS GROUP BERHAD ("PASUKHAS" OR "THE COMPANY")
- APPOINTMENT OF AUDITORS
Reference is made to the announcement dated 15 July 2022 pertaining to the Resignation of Auditors.



The Board of Directors of the Company wishes to announce that Messrs. UHY has given their consent to act as Auditors of the Company pursuant to Section 264(5) of the Companies Act 2016 via their letter dated 18 August 2022 and has been appointed as the Auditors of the Company with effect from 18 August 2022.

Posted by Good123 > 2022-08-19 15:11 | Report Abuse

Ok ok usah kasi pengarah2 curi hak pemegang syer minoriti lagi.

UHY
About UHY International
UHY, the network for doing business
UHY, a Malaysian Partnership, is a member of UHY. Established in 1986 and based in London, UK, UHY is a network of independent accounting and consulting firms with offices in nearly 300 major business centres in 100 countries. Our staff members, over 8,200 strong, are proud to be part of the 16th largest international accounting and consultancy network (by revenue).

The UHY network is a member of the Forum of Firms, an association of international networks of accounting firms. The Forum’s goal is to promote consistent and high quality standards of cross-border financial reporting and auditing practices worldwide, and the adoption of international auditing standards.

We’re connected
Consistent values wherever in the world you do business
It is the UHY culture that really makes the difference for our clients. Harness the power of our network to achieve your goals: we can deliver because we know each other well, we know about each member firm’s specialist sector knowledge, and we know about each other’s individual expertise. But, more than that, we know each other as people through meeting and working together regularly internally and cross-border.
Our commitment to quality is one of our network’s main values — because it is so important to us, we strive to achieve this in everything we do

NAT_Tender_map_150dpi.png

UHY has member firms in the countries coloured green

Global Skills
8,200 staff, 300 offices, 100 countries... one vision
The UHY network offers an exceptional competitive advantage — national capabilities enhanced by resources and attentive personal service with the capability to service major business centres globally.

UHY people pride themselves on their ability to combine local knowledge with national, regional and international skills sets.

We’ll help you grow
Together we can take your business to the next level
Find out how we can work with you: we share our clients’ aspirations and that is why clients like working with us. Our drive for professionalism, quality, integrity and innovation combined with global reach have realised substantial growth in our long-standing history for both clients and member firms.
We understand your business
lnformed thinking, whatever your focus
Tap into our global knowledge: our services focus on our client’ requirements with a good understanding of their needs. We work in collaboration with our clients and other member firms to ensure objectives are achieved. We share our clients’ aspirations and deliver customised, timely advice to help you make the right business decisions.
FACTS & FIGURES
The following data was reported for our network as of March 2019:
Countries: 99
Offices: 308
Total staff: 8,221
UHY is currently ranked 16th largest international audit, accounting, tax and consultancy network by fee income (source: International Accounting Bulletin, February 2019).
home | contact us

Posted by Good123 > 2022-08-19 16:16 | Report Abuse

KUALA LUMPUR: Pasaran ekuiti tempatan dijangka terus menjadi tumpuan pelabur asing pada tahun ini selepas merekodkan aliran masuk bersih kira-kira RM6.2 bilion dari Januari hingga Julai lalu.

Pengerusi Bursa Malaysia Bhd, Tan Sri Abdul Wahid Omar, bagaimanapun berkata di sebalik peningkatan itu, beliau percaya pasaran saham tempatan masih tidak mampu untuk kembali seperti ke prestasi sebelum pandemik COVID-19.

Katanya, walaupun pegangan saham asing dalam pasaran ekuiti tempatan kekal stabil di atas 20 peratus, angka itu telah berkurangan kepada 20.2 peratus pada tahun ini berbanding tahap prapandemik sebanyak 22.3 peratus pada 2019.

"Prestasi indeks penanda aras FBM KLCI, yang ketika ini hanya melepasi paras 1,500 mata juga perlu dipertingkatkan, bagi membolehkan pasaran kita yang lebih meluas menjadi menarik kepada pelabur.

"Berdasarkan ini semua, adalah jelas bahawa (syarikat) korporat Malaysia perlu menambah baik prestasi, terutama apabila persaingan global semakin sengit untuk menarik kehadiran pelabur asing ke sini," katanya.

Beliau berkata demikian pada majlis pelancaran Buku Panduan ke-3 dalam Program Transformasi Syarikat Senaraian Awam (PLC) berjudul 'Mengukuhkan Pengurusan Pemegang Taruh dan Perhubungan Pelabur' di sini, hari ini.

Yang turut hadir, Ketua Pegawai Eksekutif Bursa Malaysia, Datuk Muhamad Umar Swift.

Sementara itu, Abdul Wahid berkata, Program Transformasi PLC memberi tumpuan kepada lima tunjang iaitu yang mana PLC perlu mempunyai tujuan dan dipacu oleh prestasi; berkembang sebagai organisasi yang mampan.

Katanya, menjadi organisasi yang bertanggungjawab dari segi sosial dan beretika; mempunyai pengurusan pemegang taruh dan perhubungan pelabur yang lebih kukuh; didayakan secara digital dan akhir sekali, menyumbang ke arah pembinaan negara bangsa.

"Program Transformasi PLC termasuk penerbitan Buku Panduan digital, senaskhah untuk setiap satu daripada lima tunjang, yang akan menyediakan PLC dengan amalan terbaik, penanda aras dan kajian kes untuk membantu meningkatkan perjalanan transformasi mereka.

"Buku panduan ini boleh digunakan untuk PLC dari semua bentuk dan saiz, terutamanya yang disenaraikan baru-baru ini dan juga syarikat yang sudah mantap.

"Dari masa ke masa, kita telah melihat bagaimana perkembangan global dan permintaan pelanggan yang berubah-ubah mengubah landskap operasi industri. Oleh itu, adalah penting bagi semua syarikat untuk sentiasa meningkatkan dan memastikan mereka kekal relevan dan berdaya saing," katanya.

Beliau menambah, pengurusan pemegang taruh dan perhubungan pelabur yang kukuh adalah penting ke arah membina dan mengekalkan hubungan, kepercayaan dan keyakinan antara syarikat dan pemegang taruh serta pemegang saham.

"Oleh itu, keperluan untuk PLC berhubung dengan pelabur mereka dengan lebih baik, sama ada di dalam dan luar negara, tidak pernah menjadi lebih penting, terutamanya semasa tempoh ketidaktentuan atau prestasi hambar.

"Pemegang taruh hari ini mengharapkan lebih banyak daripada Lembaga Pengarah dan pengurusan PLC yang mereka laburkan. Hari di mana pelabur hanya melihat pendedahan kewangan PLC untuk membuat keputusan pelaburan telah lama berlalu.

"Pada masa ini, perhatian pelabur termasuk penelitian rapi terhadap pelan hala tuju strategi perniagaan syarikat untuk pertumbuhan mampan jangka panjang. Oleh itu, adalah penting bagi PLC menyedari keperluan untuk mempertingkat dan menambahbaik pendekatan mereka dalam naratif pengurusan pemegang taruh, komunikasi dan perhubungan pelabur," katanya.

Posted by Good123 > 2022-08-19 20:17 | Report Abuse

Buatlah bagi pasukhas :)


KUALA LUMPUR (Aug 19): Bursa Malaysia said the 60 listed companies participating in the Bursa Research Incentive Scheme (Bursa RISE) have seen their share price increase by 4% since the scheme was launched in late March.

The companies have shown an improved performance, despite the overall negative market sentiment, due to their participation in the scheme, said Bursa chief executive officer Datuk Muhammad Umar Swift.

“For a limited 60 companies that are selected and supported, we already saw an improvement in prices when the general market was negative,” Umar told the media at the launch of Guidebook 3 of the Public Listed Companies Transformation (PLCT) Programme.

Bursa RISE, which complements and supports the PLCT programme running until 2025, aims to improve the trading velocity and corporate profile of participating companies through research coverage and marketing activities.

The participating companies were selected based on a set of quantitative and qualitative criteria.

“We looked at what we thought were strong companies. We looked for better investor relations, so they could better position themselves,” Umar said.

Bursa’s head of investor development Stephanie Tan said Bursa RISE injected about RM25,000 per listed company per annum.

“The scheme is actually for under-researched companies, meaning those having two or less research analysts’ coverage. These are basically fundamentally good companies, but they are, right now, not really profiled in the market.

“That is the reason we try to facilitate the scheme. We give an incentive to research houses to write research reports on these companies. And for companies that require more investor relations assistance, we complement and provide investor relations training,” she said.

Tan added that upon the completion of the programme, Bursa hopes these companies will still be covered by the research houses.

She said Bursa also hopes that the companies will continue to develop their investor relations journey once they have strengthened their investor relations capability and grown an effective stakeholder management.

According to the stock exchange operator, there were 87 listed companies, including half of the FBM KLCI constituents, in the PLCT programme as of Aug 16.

Bursa expects to see at least 300 listed companies participating in the PLCT programme by 2025. As of June 30, there were 959 companies listed on Bursa.

Read also:
Bursa chairman: Foreign shareholding in Malaysian markets will rise but not to pre-pandemic levels

Posted by Good123 > 2022-08-22 11:48 | Report Abuse

KUALA LUMPUR: Foreign buying of local equity on Bursa Malaysia continued for the fifth consecutive week with net foreign inflow of RM615.5 million last week.

MIDF Research said this was 36.3 per cent higher than the RM451.7 million that they have net bought in the previous week.

The firm said last week saw net buying activities by the foreigners in every trading day.

"The amount of net inflows recorded was RM120.4 million on Monday, RM163.9 million on Tuesday, RM153.3 million on Wednesday and RM132.7 million on Thursday.

"Friday was also a net buying day, albeit at a lower rate of RM45.2 million," it said in its fund flow report today.

MIDF Research said local institutions continued to be net sellers every day last week with a total net weekly outflow of RM675.9 million.

Tuesday saw the highest net money outflow of RM193.1 million.

"Local institutions have been net sellers for 13 consecutive days since the week ended August 3, 2022," it said.

MIDF Research said local retailers remained as net buyers for the second consecutive week, with a total net inflow of RM60.4 million.

"They were net buyers last Monday to Wednesday, but turned net sellers last Thursday and Friday.

"To date, international investors were net buyers for 22 out of 33 weeks of 2022, with a total net inflow of RM7.72 billion," it said.

MIDF Research said local institutions were net sellers for 26 out of 33 weeks, with a total net outflow of RM9.48 billion.

Local retailers have been net buyers for 21 out of 33 weeks of 2022.

"Year-to-date, they have net bought RM1.76 billion.

"In terms of participation, there was an increase in average daily trade value among all investor classes, with retail investors at 21.3 per cent, institutional investors at 20.7 per cent, and foreign investors at 11.7 per cent," it added.

Posted by Good123 > 2022-08-23 10:04 | Report Abuse

Boleh dakwa pengarah2 jika mau :)


KUALA LUMPUR (Aug 22): The High Court has dismissed Iris Corp Bhd’s lawsuit against its former chairmen Tan Sri Razali Ismail and Datuk Nik Azman Mohd Zain and former group managing director and chief executive officer Datuk Tan Say Jim, in relation to losses incurred pertaining to the subscription of Border Control Solutions Ltd (BCS) shares.

The suit, filed in 2019, had also named as defandants, six former board members, namely Tunku Datuk Seri Shahabuddin Tunku Besar Burhanuddin, Datuk Hamdan Mohd Hassan, Datuk Eow Kwan Hoong, Chan Feoi Chun, Syed Abdullah Syed Abd Kadir and Datuk Noor Ehsanuddin Mohd Harun Narrashid.

In a bourse filing on Monday (Aug 22), Iris said the court awarded costs in the sum of RM85,000 each to Razali, Tan, Tuanku Shahbuddin and Hamdan.

It also awarded RM85,000 collectively to Eow, Chan, Syed Abdullah and Nik Azman.

Iris said it is seeking legal advice on the next course of action on the outcome of the court’s decision.

In its suit, Iris had sought from the defendants, RM11.72 million for the sum paid to subscribe to BCS’s shares of £2.05 million, and RM482,172 (£84,000) for the amount paid to Joseph Vijay Kumar as consultant fees, and other relief deemed fit by the court.

The group had accused the defendants of allegedly failing to discharge their "respective fiduciary duty, duty of fidelity and/or duty to exercise reasonable care, skill and diligence as directors of the company".

Shares of Iris ended 1.5 sen or 9.68% lower at 14 sen on Monday, giving the group a market capitalisation of RM457 million.

Posted by Good123 > 2022-08-23 19:17 | Report Abuse

:)

#NSTproperty A price floor for homes given the declining supply?

#pricefloor #realestate #juwai #supply #Demand #launching #projects #developers

Posted by Good123 > 2022-08-24 10:03 | Report Abuse

Esos issued to directors to be cancelled or investigated if hanky panky occured???

Reviving Interest In Bursa Malaysia, No Easy Task on BFM. Check out this episode!

Posted by Good123 > 2022-08-25 09:47 | Report Abuse

Anyone to takeover the yayasan atm project in pasukhas? :)


KUALA LUMPUR (Aug 24): Vizione Holdings Bhd is buying property development company Midlands City Sdn Bhd for RM38 million cash in a related party transaction.

Vizione’s managing director Datuk Ng Aun Hooi is the largest shareholder of Midlands City holding a 62% stake. The other shareholders are Ting Hing Khok (10%) and Ng Kok Kiang (28%), according to the filing with Bursa Malaysia.

Vizione said the proposed acquisition represents an opportunity for the group to expand its property development segment by gaining access to the development rights held by Midlands City on the development land, which consists of three parcels of freehold land in Semenyih, Selangor, with a total size measuring 79,360 square metres.

As at the latest practicable date (Aug 5), Midlands City has commenced phase one of the development and is 29.2% completed whilst phase two and phase three of the development are at the planning stages.

Under phase one, the development consists of two blocks of 28-storey small office/home office (SOHO) buildings comprising 772 units of SOHO, 70 units of shop lots, one 21-storey block comprising 224 units of serviced apartments and two private colleges.

Midlands City is a loss-making company. For the financial year ended June 30 (FY22), its loss after tax attributable to owners increased to RM3.34 million from RM2.02 million in FY21 on the back of lower revenue. Its revenue came in lower at RM6.78 million in FY22 compared with RM9.52 million. It said the lower revenue was due to less work completed as a result of Covid-19.

Vizione said the purchase consideration and the development will be funded via a combination of internally-generated funds and/or bank borrowings.

The proposed acquisition, which is subject to shareholders’ and relevant authorities’ approvals, is expected to be completed by the fourth quarter this year.

Last month, Vizione’s cumulative net profit for the six months ended May 31, 2022 (6MFY22) came in at RM780,000, down by 74.5% from RM3.06 million a year ago. Revenue also shrank 11.8% to RM141.61 million from RM160.64 million.

Shares in Vizione closed unchanged at six sen, giving it a market capitalisation of RM123 million.

Posted by sunsetbiz > 2022-08-25 15:41 | Report Abuse

big tree waiting to dry up only....:)

Posted by Good123 > 2022-08-25 15:45 | Report Abuse

Barangkali, projek yayasan atm akan dijualkan dan pasukhas fokus pada sektor pembinaan dan penjanaan tenaga .. sabar ya

Posted by Mrcool > 2022-08-25 19:14 | Report Abuse

Kahkah..sabar katenya .kahkah

Posted by Jessgoh > 2022-08-25 21:29 | Report Abuse

Bro permaju making 8.x mil losses….Tis will be better then bro at least 10mil…..

Posted by Good123 > 2022-08-26 07:22 | Report Abuse

Nobel Prize-winning economist Richard Thaler says the U.S. economy appears to be showing more signs of strength than weakness.

Posted by Good123 > 2022-08-26 07:23 | Report Abuse

Permaju is believed to plan to buy the yayasan atm project from pasukhas, wait n see whether it is true.

Posted by Good123 > 2022-08-26 08:57 | Report Abuse

Good for pasukhas to focus on construction, energy and waste management sector and sell off the yayasan atm property development project to permaju or others.

Be more focus

Posted by Good123 > 2022-08-26 22:13 | Report Abuse

Jika pasukhas juga ada skandal, boleh lakukan yang sama :)

Skandal LCS: Nafi tidak cukup, menteri perlu saman juruaudit, BHIC dan saya - Rafizi

Posted by Good123 > 2022-08-27 11:50 | Report Abuse

Pengarah2 pasukhas mungkin didakwa kerana menggunakan dana Syarikat untuk membeli syer related parties (quoted investments) yang tiada justikasi dll


KUALA LUMPUR (Aug 26): Lingerie maker Caely Holdings Bhd has filed a lawsuit against its former managing director, Datuk Chuah Chin Lai, and his wife Datin Fong Nyok Yoon to recover allegedly misappropriated funds amounting to RM30.55 million.

Caely, together with its wholly owned subsidiary Caely (M) Sdn Bhd (CMSB), also sought exemplary damages from the duo for alleged breach of fiduciary duty during their tenure as directors in both companies.

Apart from Chuah and Fong, Caely and CMSB also took legal action against 10 other defendants, namely Goh Choon Kim, Chin Boon Long, Chong Loong Men, Leong Seng Wui, Kok Kwang Lim, Valhalla Capital Sdn Bhd, Hong Seng Capital Sdn Bhd, Goh Choon Heng, Luhur Sejahtera Sdn Bhd and Zaidi Zainudin.

The group sued these 10 other defendants for their conspiracy with Chuah and Fong to cover up the misappropriation and breach of fiduciary duty.

Caely alleged that the defendants had leveraged their shareholdings and voting powers, tried to stultify further and in-depth investigation by attempting to remove the current directors and appointing their nominees to the board of directors.

As of May 25, Choon Kim owned a 21.05% stake in Caely, while the other nine defendants collectively owned 15.92%, the group's statement of claim showed.

Chuah had a 5.66% stake in Caely, and was the group's MD between October 2002 and April 2021, while Fong owned 7.4%. She is still sitting in the board of directors as a non-executive director.

Fong has been a director of Caely since October 2002. She was the group's executive director from December 2020 until March this year.

Together with Chuah and Fong, the group of defendants owned a total of 50.01% ownership in Caely.

Caely is also seeking damages from the 10 defendants, and a permanent injunction to restrain them from calling further extraordinary general meetings to take over the board of directors, and impede the progress of investigation into the misappropriation of funds as well as breach of fiduciary duty.

Caely alleged that Chuah and Fong had used a number of nominees and companies as their manipulative devices to systematically misappropriate funds from CMSB through several transactions.

Caely said its board of directors discovered that among these transactions, there were total payments of RM15.52 million to CMSB's former lorry driver Suhaimi Hussain, RM2.51 million to Chuah's sister-in-law Ong Bee Ling, RM1.22 million to Mutiara Intra Timur Sdn Bhd's company secretary Lim Yeng Poh, RM1.09 million to Chuah and Fong's personal driver Baharuddin Ahmad, and RM500,000 to Chuah's personal friend Lee Yit Leong.

Other payments included RM4.19 million to Mutiara Intra Timur, RM3.69 million to Fong herself, RM867,000 to Chuah himself, RM328,000 to CMSB's security guard Mohamad Hamdan Mokhtar, RM316,000 to CMSB's manager Norkhan Mat Isa, and RM317,000 to Compact Ecology Sdn Bhd, a company jointly owned by Chuah and Fong.

It is worth noting that Caely has been seeing a slew of shareholding changes recently, with businessman Datuk Seri Tee Yam @ Koo Tee Yam accumulating shares, raising his ownership to 19.12% while former executive chairman Datuk Wira Ng Chun Hau's stake dropped below the 5% threshold and ceased to be a substantial shareholder.

Caely's share price closed unchanged at 30.5 sen on Friday (Aug 26), giving it a market capitalisation of RM78.76 million.

Posted by Good123 > 2022-08-27 16:30 | Report Abuse

KUALA LUMPUR (Aug 27): Positive news flow, such as a less hawkish stance by the US Federal Reserve, Chinese stimulus and a potential pre-Budget 2023 Bursa Malaysia rally, is expected to boost the local bourse next week.

Inter-Pacific Asset Management Sdn Bhd executive director and fund manager Datuk Nazri Khan Adam Khan said the local bourse is expected to see vibrant trading given the external factors and pre-budget rally as well as Malaysia’s improved economic growth of 8.9% in the second quarter of 2022 which would entice foreign investors to go for risky assets.

“The announcement of Budget 2023 would trigger political play in the market, whereby politically connected stocks [would] get impetus, especially construction companies.

“Not only that, window dressing and government stimulus will also lift up the activities,” he told Bernama.

Meanwhile, Rakuten Trade Sdn Bhd equity research vice president Thong Pak Leng said investors should remain cautious given the heightened market risks and volatility as profit taking might set in.

“Hence, we anticipate the FTSE Bursa Malaysia KLCI (FBM KLCI) to hover within the range of 1,495 points to 1,515 points for next week.

“Technical point of view we shall see an immediate resistance at 1,530-level while support at 1,470-level,” he added.

At Friday’s close, the FBM KLCI advanced 4.8 points to end at 1,500.29 compared with Thursday’s closing of 1,495.49.

On a weekly basis, the benchmark index fell 4.15 points to 1,500.29 from 1,504.44 at the end of the previous week, mainly due to external uncertainties and the corporate earnings season.

On the index board, the FBM Emas Index declined 31.05 points to 10,648.84, FBMT 100 Index decreased 29.9 points to 10,393.36, FBM Emas Shariah Index erased 55.63 points to 10,759.97, FBM 70 went down 41.29 points to 12,746.15 and FBM ACE shed 30.31 points to 4,956.37.

Sector-wise, the Financial Services Index improved 37.71 points to 16,763.69, Energy Index added 56.1 points to 727.44 but the Plantation Index fell 192.9 points to 7,054.34 and Industrial Products and Services Index eased 1.56 points to 182.18.

Weekly turnover widened to 12.14 billion worth RM8.8 billion from 12.58 billion units worth RM9.33 billion in the previous week.

The Main Market volume was lower at 7.98 billion shares valued at RM7.28 billion from 8.54 billion shares valued at RM7.88 billion in the previous week.

Warrants volume rose to 1.91 billion units worth RM294.73 million from 1.61 billion units worth RM241.46 million last week.

The ACE Market volume slipped to 2.24 billion shares valued at RM1.22 billion from 2.4 billion shares valued at RM1.21 billion the week before.

Posted by Good123 > 2022-08-29 11:32 | Report Abuse

KUALA LUMPUR: Foreign fund inflows continued on Bursa Malaysia for the sixth consecutive week albeit at a much moderated level last week with an inflow of RM244.6 million.

MIDF Research said comparatively, the net inflow was RM615.5 million in the preceding week.

"Foreigners were net sellers only on Wednesday at a rate of RM90.5 million but were net buyers for the rest of the week. They were net buyers on Monday and Tuesday at RM56.2 million and RM14.2 million and on Tuesday and Friday at RM193 million and RM71.7 million respectively," it said in a note.

Local institutions remained as net sellers at RM286.2 million last week, now going into the seventh consecutive week.

They have been net sellers for every trading day since Aug 3 before briefly turning net buyers on Wednesday at RM24.3 million.

The firm said they were net sellers again on Thursday and Friday at RM114.3 million and RM63.5 million respectively.

They net sold RM92.4 million on Monday and RM40.4 million on Tuesday.

Local retailers maintained their net buying spree for the third week coming, net buying RM41.7 million.

They bought RM128.6 million net from Monday to Wednesday before net selling RM87 million over the next two days.

"The top three sectors which saw net inflows by foreign investors were financial services, telecommunications and utilities at RM333.7 million, RM49.5 million and RM39.9 million respectively.

Meanwhile, the top three sectors with net outflows were technology at RM87.8 million, healthcare at RM73.1 million and industrial products and services at RM25.3 million.

In terms of participation, there was a decline in average daily trade value across the board, led by 8.9 per cent among local institutions, 2.97 per cent among retailers and 0.9 per cent among foreign investors.

Meanwhile, the FTSE Bursa Malaysia KLCI declined 0.28 per cent last week to finish at 1,500.29 points on Friday.

As for the ringgit, it saw a weekly appreciation by 0.25 per cent against the greenback to close at 4.4665 last Friday.

The Brent crude oil price added 4.41 per cent for the week to close at US$100.99 per barrel.

Posted by Kicapkipasudang > 2022-08-29 21:27 | Report Abuse

Bila nk gerak woi pasukgb!

Posted by Good123 > 2022-08-30 07:41 | Report Abuse

Q2 2022 - results will be released today :)

Posted by Good123 > 2022-08-30 17:17 | Report Abuse

https://www.klsescreener.com/v2/news/view/1038099

Posted by Good123 > 2022-08-30 17:28 | Report Abuse

KUALA LUMPUR (Aug 30): Paramount Corporation Bhd said the second half of this year holds better prospects for its property sector as most of the economic uncertainty is expected to dissipate.

The group, which recorded a net profit of RM9.1 million for the second quarter ended June 30, 2022 (2QFY22), hopes its property launches worth RM1.1 billion planned for 2HFY22 will receive stronger demand as home buying sentiment is expected to recover.

Its group chief executive officer Jeffrey Chew Sun Teong said that although the lingering economic uncertainties due to higher interest rate and inflation have dented buyer sentiment in general, new property launches planned for the rest of the year extend the group a stronger earnings prospect.

“Our borrowings are not so significant, so the interest rate will not affect as significantly. But in terms of margin, we will have a bit of pressure, but nevertheless our profit margin is at a good level,” Chew said during a briefing on the group’s 1HFY22 results on Tuesday (Aug 30).

He added that labour shortage and building material cost continue to cause delays in project completion and delivery that made it difficult to fully recognise its earnings.

“It did affect us in terms of delivery. But we have always managed to have a buffer to ensure that we can complete projects on time. On that score, we are just deferring the recognition of revenue and sales because of the fact it was delayed. The labour shortage and material cost have increased prices,” said Chew.

To mitigate delay risk, Paramount employs measures such as value engineering by using alternative materials, and redesign it to make it more efficient so that it lowers construction costs.

Chew said the group plans to launch three projects in 3QFY22, namely high-rise residences at Shah Alam, landed residences at Cyberjaya, and a transit oriented mixed development in Petaling Jaya. In 4QFY22, Paramount will launch a townhouse project in Sepang and a landed residential project at Sungai Petani.

Paramount’s unbilled sales currently stand at RM1.2 billion, which gives the company a positive cash flow in the future, he said.

The group currently has 494.8 acres of gross undeveloped land at a gross development value of RM6.67 million.

In 1HFY22, Paramount’s property division achieved a revenue of RM361 million, which was 31% higher than that of the same period last year of RM274.8 million. The top three revenue contributors were Sejati Lakeside development and ATWATER development in Selangor, as well as Utropolis Batu Kawan development in Penang.

The group’s co-working division’s revenue for 1HFY22 was RM4.3 million, up 65% from RM2.6 million a year earlier. It was mainly attributed to higher contributions from the Tropicana Gardens outlet and Scalable Malaysia.

Paramount shares were unchanged at 69 sen in afternoon trading, valuing the group at RM429.1 million.

Posted by Jessgoh > 2022-08-30 17:44 | Report Abuse

Wow …congrat for the loss on investment reduce from 4mil to 3mil Tis qtr

Posted by Good123 > 2022-08-30 19:59 | Report Abuse

Pengarah2 akan didakwa di mahkamah macam najib nanti kot? Wakaka

Posted by Good123 > 2022-08-30 20:31 | Report Abuse

See the rank of “The Impact of Firm's Level Corporate Governance on Market Capitalization” among related papers

Posted by Good123 > 2022-08-31 05:40 | Report Abuse

Rugi rm6.2 juta+++ sebab quoted shares in related parties punya Syarikat.. sebenarnys pasukhas dah tanpa penyalahgunaan kuasa oleh pengarah2 kot? :)

PASUKHAS GROUP BERHAD Registration No.: 200501009342 (686389-A)
FOR THE SECOND (2ND) QUARTER ENDED 30 JUNE 2022
UNAUDITED
UNAUDITED
CURRENT PERIOD PRECEDING PERIOD
TO DATE
TO DATE
30 June 2022
30 June 2021
RM'000
RM'000
CASH FLOWS FOR OPERATING ACTIVITIES
(Loss)/Profit before taxation
(7,713)
181
Adjustments for:-
Amortisation of transaction costs capitalised
51
51
Depreciation of plant and equipment
1,259
1,149
Depreciation of investment properties
69
96
Depreciation of right-of-use assets
194
245
Gain on disposal of right-of-use assets
-
(134)
Gain on disposal of plant and equipment
(67)
(4)
Share options to employees
1,513
(283)
Interest expense
439
518
Interest income
(325)
(95)
Fair value loss on investment in quoted shares
6,200
-
Unrealised gain on foreign exchange
(1)
(2)
Operating profit before working capital changes
1,619
1,722
Increase in inventories
(630)
-
Net increase in contract
(5,471)
(5,343)
Increase in trade and other receivables
(23,593)
(11,280)
Decrease in trade and other payables
(15,557)
(2,261)
CASH FLOWS FOR OPERATING ACTIVITIES
(43,632)
(17,162)
Interest paid
(438)
(518)
Income tax Paid
(976)
-
NET CASH FOR OPERATING ACTIVITIES
(45,046)
(17,680)
CASH FLOWS FOR INVESTING ACTIVITIES
Interest received
325
95
Purchase of plant and equipment
(82)
(409)
Additional investment in an existing subsidiary
(830)
-
Proceeds from disposal of plant and equipment
1,500
4
Purchase of other investments
(17,727)
-
NET CASH FOR INVESTING ACTIVITIES
(16,814)
(310)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of employees’ share options
9,806
23,404
Net repayment of bankers' acceptances
-
(796)
Repayment of lease liabilities
(175)
(192)
Net repayment of Islamic medium term notes
(1,400)
(1,300)
NET CASH FROM FINANCING ACTIVITIES
8,231
21,116
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS
(53,629)
3,126
EFFECTS OF FOREIGN EXCHANGE TRANSLATION
1
2
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL PERIOD
71,399
14,509
CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL PERIOD
17,771
17,637
Notes:-
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
The unaudited Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited financial statements of the Group for the
financial year ended 31 December 2021 and the accompanying explanatory notes attached to this interim financial statements.
4

Posted by Good123 > 2022-08-31 05:42 | Report Abuse

PASUKHAS GROUP BERHAD Registration No.: 200501009342 (686389-A)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE SECOND (2ND) QUARTER ENDED 30 JUNE 2022
CURRENT YEAR
PRECEDING YEAR
CURRENT YEAR
PRECEDING YEAR
QUARTER
CORRESPONDING (AMOUNT
TO DATE
CORRESPONDING (AMOUNT
QUARTER
RM'000
PERIOD
RM'000
30 June 2022
30 June 2021
30 June 2022
30 June 2021
RM'000
RM'000
RM'000
RM'000
Revenue
19,988
22,131
(2,143)
/
-10%
37,780
42,106
(4,326)
/
-10%
Contract Expenses
(17,396)
(19,871)
(33,440)
(37,750)
Gross Profit
2,592
2,260
332
/
15%
4,340
4,356
(16)
/
0%
Other Operating Income
775
34
1,212
404
3,367
2,294
5,552
4,760
Administrative Expenses
(2,437)
(1,628)
(5,928)
(3,420)
Other Expenses
(4,396)
(306)
(6,847)
(610)
Finance Costs
(240)
(266)
(490)
(549)
Net Impairment Losses on
Financial Assets and Contract Assets
-
-
-
-
(Loss) / Profit Before Taxation
(3,706)
94
(3,800)
/
-4043%
(7,713)
181
(7,894)
/
-4361%
Income Tax Expense
(765)
13
(1,487)
27
(Loss) / Profit After Taxation
(4,471)
107
(4,578)
/
-4279%
(9,200)
208
(9,408)
/
-4523%
Other Comprehensive Income
-
-
-
-
Total Comprehensive (Expenses) / Income For
The Financial Period
(4,471)
107
(9,200) 208

(Loss) / Profit After Taxation Attributable To :-
Owners of the Company
(4,551)
186
(4,737)
/
-2547%
(9,209)
437
(9,646)
/
-2207%
Non-controlling interests
80
(79)
9
(229)
(4,471)
107
(9,200)
208
Total Comprehensive (Expenses) / Income
Attributable To :-
Owner of the Company
(4,551)
186
(4,737)
/
-2547%
(9,209)
437
(9,646)
/
-2207%
Non-Controlling Interests
80
(79)
9
(229)
(4,471)
107
(9,200)
208
Weighted average number of shares in issue
('000)
1,512,119
153,201
1,512,119 153,201

(Loss) / Profit per share attributable to the
equity holders of the Company (sen)
- Basic
(0.30)
0.12
(0.61)
0.29
- Diluted
(0.30)
0.12
(0.61)
0.29
Notes:-
/ %) / %)
The unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited financial statements of the Pasukhas Group Berhad and
its subsidiaries ("Group") for the financial year ended 31 December 2021 and the accompanying explanatory notes attached to this interim financial statements.

Posted by Good123 > 2022-08-31 05:46 | Report Abuse

Fair value loss on investment in quoted shares
RM6,200,000, consolidated cash flow statement ditambah balik .

Kerugian disebabkan oleh perubahan nilai syer Syarikat related parties, perbuatan pengarah2 yang ada konflik kepentingan :)

Posted by Good123 > 2022-08-31 06:00 | Report Abuse

Shareholder Litigation and Corporate Disclosure: Evidence from Derivative Lawsuits, Journal of Accounting Research 56 (2018), 797-842, with T. Bourveau and R. Wang

Posted by Good123 > 2022-08-31 11:01 | Report Abuse

Directors and independent directors of audit committee members should go to jail like najib misusing shareholders' funds investing in penny stocks of related parties which are loss-making, etc

Posted by Good123 > 2022-08-31 11:06 | Report Abuse

Put all corporate crrooks in jail like najib..sanggup? SSC, bursa?

Investing in change isn’t always easy. It is no longer just about profits – it is about shaping a better tomorrow.

Learn more about how the efforts of the SC and Malaysian asset owners are having a direct positive impact on our communities in Malaysia

Posted by Good123 > 2022-08-31 12:37 | Report Abuse

Kerugian dalam quoted investments penny stocks related parties rm6.2mil+++ Q2,2022, ceo yang bertanggungjawab atau lembaga pengarah bersama audit committee???

Salahguna kuasa macam najib umno kan? :)

Posted by Good123 > 2022-08-31 19:39 | Report Abuse

Prevention of Insider Trading and Chinese Wall Requirements
RM260.0

Date
15 September 2022 / Thursday [Full day]

Time
9.00am – 5.30pm

CPE/CE/CPD
10 CPE Points / 10 CE Points / 8 CPD Points

Facilitator
Chua Bee Seng

Session

15 September 2022, 9.00am - 5.30pm

Posted by Good123 > 2022-08-31 19:40 | Report Abuse

:)

In this evolving age, financial intermediaries and their clients feel the need for greater transparency and control in the market. Ethics is the prevalent theme. Some key concepts and issues that can be worked on are, information barrier sometimes otherwise known as the Chinese Wall which is the offer of protection against the conflict of interests of both parties, and the prevention of financial crimes. The Chinese Wall is the concept of an ethical wall regulating and safeguarding communication of information between both parties. It is commonly employed in investment banks between corporate-advisory area and brokering departments. Due to the complexity of financial systems, it is often difficult to detect and prevent fraud and abuse of positions. As such, it is important to increase awareness of what’s going on in financial markets.

Learning Outcome
Participants will be able to:

Define in outline the principles of the laws and ethics covering Prevention of Insider Trading.
Apply relevant laws and ethics covering prevention of insider trading by making reference to appropriate regulations that prescribe matters on insider trading and Chinese wall issued jointly by Bank Negara Malaysia (BNM) and Securities Commission (SC), the Rules of Bursa Securities and Capital Markets and Services Act 2007 (CMSA).
Explain the necessity, features and characteristics of information barrier system within an investment bank.
Evaluate the appropriateness of information barrier procedures and controls
Analyze the risks and obligations arising from the failure to implement the necessary controls to prevent leakage of price sensitive information.

Posted by nightmare007 > 2022-09-01 09:02 | Report Abuse

@Good123 ditipu oleh pengarah-pengarah kahkahkahkahkah terindah~~~~