Chung Wai Choong Senior Independent Non-Executive Director Chung Wai Choong, a Malaysian aged 56, was appointed as an Independent Non-Executive Director of our Company on 1 June 2012. He is the Chairman of our Audit Committee and Nomination Committee and a member of our Remuneration Committee. He is also our Senior Independent Non-Executive Director. Mr. Chung is currently also an Independent Non-Executive Director of XingHe Holdings Berhad, a company listed on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). Mr. Chung, a member of the Malaysian Institute of Certified Public Accountants (“MICPA”) since 1986 and a member of the Malaysian Institute of Accountants since 1987, articled with Hanafiah Raslan & Mohamad (then also practicing as Touche Ross & Co.) in 1980 and then joined Coopers & Lybrand, Singapore in 1987. In 1988, he returned to Malaysia to join Mustapha Law/ Touche Ross & Co. Upon the merger of Mustapha Law/ Touche Ross & Co. and Kassim Chan & Co./ Deloitte Haskins & Sells in 1992, he was transferred to the merged firm’s management consultancy arm as a senior manager. He commenced public practice in 1993 when he joined Sekhar & Tan as a principal. He retired from public practice in 2003 as a partner and in January 2004, he joined Leweko Resources Berhad (“Leweko”), now listed on the Main Market of Bursa Securities, as its General Manager (Corporate Finance) and was subsequently made its Executive Director (Corporate Affairs) in February 2004. He was a member of the Board of Directors of Leweko from 9 February 2004 to 30 October 2010. In November 2010, he joined Hexagon Holdings Berhad, a company then listed on the Main Market of Bursa Securities as its Group Head of Corporate Affairs and he resigned from that position on 31 May 2012. He has extensive experience in auditing and has also worked on special assignments involving corporate finance, corporate recovery, project management, systems review, corporate restructuring, mergers and acquisitions, and feasibility studies for multinational and large national enterprises. In addition, Mr. Chung was the joint company secretary of Lingui Developments Berhad, and Glenealy Plantations (Malaya) Berhad (both of which have since been privatised and delisted from the Main Market of Bursa Securities) and Teck Guan Perdana Berhad (also listed on the Main Market of Bursa Securities) at various times from 1996 to early 2003 and Leweko during his tenure there. He has also previously served as a member of the MICPA’s Auditing and Accounting Standards Committee. He attended five (5) out of five (5) Board meetings held during the financial year ended 31 December 2015. Mr. Chung has no family relationship with any director and/ or major shareholder of the Company nor does he have any conflict of interest with the Company. He has not been convicted of any offences within the past ten (10) years.
Mr Chung is a Malaysian MIA Registered Accountant. How can he allow CAP to proceed producing fake accounting in the first place?
Dr. Chen Boon Heow Independent Non-Executive Director Dr. Chen Boon Heow, a Malaysian aged 57, was appointed as an Independent Non-Executive Director of our Company on 27 November 2012. He is a member of our Audit Committee and Nomination Committee. He graduated with a Bachelor in Accounting Degree with Honours from University of Malaya in 1984. Dr. Chen furthered his studies and was conferred a Doctorate in Business Administration by University of South Australia in 2005. He is a member of the Malaysian Institute of Accountants (MIA) since 1987, a member of the Malaysian Institute of Certified Public Accountants (MICPA) since 1987, a Fellow of Chartered Tax Institute of Malaysia (CTIM) since 1995 and a Fellow of CPA Australia since 2008. Dr. Chen started his career as an audit assistant with Hanafiah Raslan & Mohamad upon his graduation in 1984. In 1989, he founded the public accounting practice of Chen & Co. Chartered Accountants, with offices in Penang and Taiping to offer audit and assurance, accounting, corporate planning and business advisory services to a diverse range of local and foreignowned clients involved in various industries including manufacturing, property development, trading, investment holding, transportation and agro-based. Dr. Chen is also involved in the provision of various tax compliance and tax advisory services through PAC Tax Services Sdn Bhd, a company he co-founded in 2001. In his business advisory services, Dr. Chen also has experience in business performance, governance, risk and compliance matters as well as advising matters on internal control procedures. He also advised clients in the areas of cost and cash flow control and management and reporting system improvement. He attended five (5) out of five (5) Board meetings held during the financial year ended 31 December 2015 Dr. Chen has no family relationship with any director and/ or major shareholder of the Company nor does he have any conflict of interest with the Company. He has not been convicted of any offences within the past ten (10) years.
Another Malaysian MIA Registered Accountant Dr Chen Boon Heow.......What are you all doing?
Chen Boon Heow has served as a non-executive director at CE Technology since 2007. He is a practicing chartered accountant under Chen & Co. Chartered Accountants, which he founded since 1989. He is also the director of PAC Tax Services Sdn. Bhd.
Chen attended University of Malaya where he received a bachelor in accounting in 1984. In 2005, he completed his doctorate in business administration at University of South Australia.
Professionally, Chen is a member of Malaysian Institute of Accountants (MIA) and Malaysian Institute of Certified Public Accountants (MICPA), as well as a fellow member of Chartered Tax Institute of Malaysia. He also holds a fellowship with CPA Australia.
Prior to private practice, Chen worked as an auditor at Hanafiah Raslan & Mohamad.
Mr. Chung is currently also an Independent Non-Executive Director of XingHe Holdings Berhad, a company listed on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). Mr. Chung, a member of the Malaysian Institute of Certified Public Accountants (“MICPA”) since 1986 and a member of the Malaysian Institute of Accountants since 1987, articled with Hanafiah Raslan & Mohamad (then also practicing as Touche Ross & Co.) in 1980 and then joined Coopers & Lybrand, Singapore in 1987. In 1988, he returned to Malaysia to join Mustapha Law/ Touche Ross & Co. Upon the merger of Mustapha Law/ Touche Ross & Co. and Kassim Chan & Co./ Deloitte Haskins
extracted from annual report 2015 director profile
Mr. Chung, a member of the Malaysian Institute of Certified Public Accountants (“MICPA”) since 1986 and a member of the Malaysian Institute of Accountants since 1987, articled with Hanafiah Raslan & Mohamad (then also practicing as Touche Ross & Co.) in 1980 and then joined Coopers & Lybrand, Singapore in 1987. In 1988, he returned to Malaysia to join Mustapha Law/Touche Ross & Co. Upon the merger of Mustapha Law/Touche Ross & Co. and Kassim Chan & Co./Deloitte Haskins & Sells in 1992, he was transferred to the merged firm’s management consultancy arm as a senior manager. He commenced public practice in 1993 when he joined Sekhar & Tan as a principal. He retired from public practice in 2003 as a partner and in January 2004, he joined Leweko Resources Berhad (“Leweko”), now listed on the Main Market of Bursa Securities Malaysia Berhad (“Bursa Securities”), as its General Manager (Corporate Finance) and was made its Executive Director (Corporate Affairs) in February 2004. He was a member of the Board of Directors of Leweko from 9 February 2004 to 30 October 2010. In November 2010, he joined Hexagon Holdings Berhad, a company then listed on the Main Market of Bursa Securities as its Group Head of Corporate Affairs and he resigned from that position on 31 May 2012. He has extensive experience in auditing and has also worked on special assignments involving corporate finance, corporate recovery, project management, systems review, corporate restructuring, mergers and acquisitions, and feasibility studies for multinational and large national enterprises. In addition, Mr. Chung was the joint company secretary of Lingui Developments Berhad, and Glenealy Plantations (Malaya) Berhad (both of which have since been privatised and delisted from the Main Market of Bursa Securities) and Teck Guan Perdana Berhad (also listed on the Main Market of Bursa Securities) at various times from 1996 to early 2003 and Leweko during his tenure there. He has also previously served as a member of the MICPA’s Auditing and Accounting Standards Committee.
exactly my point....who is this accountant willing to sell his name to a 1 sen company for a few thousand $ a month? accountants nowadays cannot cari makan?
This Accountant appointed since 2012 lah. He should know the in-depth situation of CAP. If he just makan gaji and still using under MIA protection until the CAP became 1 sen PLC, he should be shot. Frankly speaking, he should be deregistered and apprehended.
Please be informed that Bursa Malaysia Securities Berhad had on 9 June 2017 issued a directive to CAP to make an immediate announcement on the Judicial Auction of the buildings and land use rights owned by Quanzhou Fensun Automobile Parts Co., Ltd, a wholly owned subsidiary of CAP, which the Company has failed to do so.
Based on the information obtained from the link below, details on Judicial Auction by Quanzhou Intermediate People’s Court (“Judicial Auction”) are as follows:-
Quanzhou Fensun Automobile Parts Co., Ltd
Auction Price: RMB 27.4 million
Registration Date: 29 March 2017 to 14 April 2017
Auction Date: within 60 days from 29 March 2017
Deposit to pay: RMB 5 million
Please refer to the link below for further details:
kikikiki..... all cap investors money were swindled! the properties (office, factory and hostel) are seized and went for auction for 27.4 million yen? gone case...well done...perfect con
Unfortunately no one seems to be taking swift and stern actions but just prolonged action process including independent check instead of taking immediate action under companies act etc. Laughing stock and poor minority SH. Good luck.
Haha, there are more than 10 listed Chinese firms in Malaysia, none of them doing well. China Stationary factory eg was burned... believed it or not....We are capable to attract these "good" companies for listing here.
Still want to relax listing rules to entice foreign conman to list here, what should be the KPI for regulators? Number count or quality matter? Good luck anyway.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
fl888
7,752 posts
Posted by fl888 > 2017-06-08 09:24 | Report Abuse
maybe KLSE suspended in error, and BOT being done or any rumours or news ....