(Reference is made to the Company’s announcements dated 24 March 2015, 27 March 2015, 30 March 2015 and 23 April 2015 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Announcements.)
On behalf of the Board, Maybank IB wishes to announce that the Company on 12 May 2015, received a letter from the Vendor’s representative requesting a thirty (30) day extension of time to execute the BTA pursuant to Clause 5.2 of the SPA in order to enable the Vendor to finalise the BTA.
Clause 5.2 of the SPA requires the following to be satisfied within sixty (60) days from the date of execution of the SPA (i.e. 24 May 2015):
(i) the Vendor shall cause the SPV to be incorporated; and
(ii) the business transfer agreement to transfer the Vendor’s assets (excluding liabilities, payables, cash and receivables) including Subsoil Use Contract, contractual obligations and certain existing employees to the SPV shall have been duly and validly signed by the Vendor and the SPV.
Accordingly, on 14 May 2015, the Company and the Vendor have mutually agreed to the extension of time from 24 May 2015 to 24 June 2015 to comply with Clause 5.2 of the SPA.
All those idiot director not entitle for such high amount of salary ! One months RM 230,560/ months, no-executive director RM 254,876/ 3= RM 84,959/ months . WTF
Expenses incurred in evaluating QA = RM 1,289,280 / quarter (3 months) How many quarter u have use to evaluating QA !
Travelling Expenses RM 131,755 ??? WTH (Company Trip ???) Acquisition of other investment : Loss RM 8,522,557 WTF are u investing idiot ? Please specify idiot !
Employees benefit : RM 2,575,223 ( What are the benefit you giving to your employees ?? Giving them money to find SUPER HIGH CLASS CALL GIRL ) ?
that's why the QA got so many candidates, because they can travel a few time to different places ma. that KBA attended some seminar in Singapore also don't know under whose cost.
L ciao punya director Ahmad Ziyad bin Elias, apa l ciao awak buat ! Sebar news kepada media, lepas tu hilang lagi ! C bai punya orang ! Berani awak keluar kata awak akan aquire asset pada bulan depan ! Tak ada bola !
L ciao aaa u limweising. i just bout to join cursing the MD and then i read focus malaysia and it named ziyad as highest ranking executives then it wrote 'Total directors' pay latest FY'. you know or not? total maaaa. total mean everyone lor. all the directors combined pays la. aiyaaaa u aaa make ppl confuse aaa u.
i wonder why so many people flaming cliq management, if you dont like it, just sell all the shares, or else hold it until SC approval, lets see who is the one smiling in the end
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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....
ikantutu
774 posts
Posted by ikantutu > 2015-05-13 08:53 | Report Abuse
count down......