Reference is made to the announcement dated 5 March 2018.
The Board of Directors of China Automobile Parts Holdings Limited (“CAP” or “the Company”) wishes to announce that the Company is unable to issue the Outstanding Quarterly Results dated 31 March 2017, 30 June 2017, 30 September 2017 and 31 December 2017 (collectively referred to as “Outstanding Quarter Results”) which is suppose to be due for issuance on or before 30 April 2018.
As of the date of this announcement, the Company’s external auditors is still in the midst of finalising the audited financial statement for the financial year ended 31 December 2016 (“AFS 2016”). The Company may only be able to issue the Outstanding Quarter Results after the external auditors completed their works for the AFS 2016.
The Board is expecting to issue the Outstanding Quarter Results on or before 31 May 2018.
CAP can be another GNB after July relisting,,,,,after audited accounts released in June,,,,, hoping only as I stuck with 8888 lots...no hope, no gain...
It's still people are buying, non stop. Now breaking, doesn't going to stopped. Who are they, oh fund fund's managers all over the world.. This right moment.
Bursa reprimands, fines CAP chairman and two directors
KUALA LUMPUR: China Automobile Parts Holdings Ltd’s (CAP) executive chairman Wang Yu Yun and two of the company’s directors were publicly reprimanded and fined by Bursa Malaysia Securities Bhd for breaches of the stock exchange’s rules.
As of Tuesday, the PN17 company has yet to issue its accounts and annual report for the financial year ended June 30, 2017.
Bursa Malaysia said it has imposed fines amounting RM1,135,200 on Wang - as at Sept 4 - for his failure to ensure the company’s financial statements are issued on time, as well as for breaches of other listing rules.
Executive director Chen Xun Ze was fined RM352,200 for the same offences.
These fines are subject to a maximum of RM1mil for each financial statement.
Meanwhile, independent director Zhu Guo He was publicly reprimanded and fined RM40,600.
Bursa Malaysia said the delay in the announcement of the quarterly results ended March 31, 2017 and reissuance of the audited financial statements 2015 (AFS 2015) which led to the delay in the release of the subsequent financial statements were mainly due to CAP’s failure to resolve the material audit issues raised by its external auditors on April 25, 2017.
“In addition, CAP had failed to demonstrate reasonable and expeditious efforts taken including settlement of the outstanding audit fees to expedite the reissuance of AFS 2015 and appointment of the audit committee and company secretary which had allegedly led to the company’s inability to review the financial statements and make the relevant announcements,’ it said.
In particular, Wang and Chen were in a position but had failed, refused and/or neglected to address/resolve the audit issues with the external auditors and were lackadaisical in the appointment of the company secretary and settlement of the outstanding fees to the external auditors.
Meanwhile, Zhu, according to the exchange, had failed to demonstrate that he had taken reasonable efforts to inquire, follow-up, monitor and supervise the resolution of the audit issues and appointment of the company secretary.
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lingling66
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Posted by lingling66 > 2018-04-05 14:24 | Report Abuse
no hope????