ANZO HOLDINGS BERHAD
KLSE (MYR): ANZO (9342)
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13 people like this. Showing 50 of 14,790 comments
KUALA LUMPUR (Sept 1): Bursa Malaysia Securities Bhd has publicly reprimanded Anzo Holdings Bhd and three of its directors for breaches of the Bursa Malaysia
Securities Main Market Listing Requirements (LR).
The three directors were imposed a total fine of RM300,000 for breaches of related-party transactions (RPTs) and failure to notify shareholders of operations diversification.
Managing director Datuk Chai Woon Chet was fined RM150,000.
Meanwhile, former independent non-executive chairman Datuk Seri Abdul Azim Mohd and former independent non-executive director Chong Khing Chung were fined RM75,000 each. The duo resigned on May 30 and June 1 this year.
“Bursa Malaysia Securities views the contraventions seriously, as the requirements to make an immediate announcement of material information and obtain prior shareholders’ approval for material RPTs and diversification in operations are fundamental to aid investors to make informed investment decisions, protect the interest of shareholders and allow them an opportunity to consider, in a timely manner, transactions which have the potential of adversely affecting their interests,” the regulator said.
Anzo failed to make an immediate announcement on the supply agreement with CSTME Resources Sdn Bhd (CSTME) for the supply of copper scrap, which was approved by the board on June 16, 2020. The deal was only announced on June 25, 2020.
The company failed to issue a circular and obtain shareholders’ prior approval in relation to the deal; and to appoint an independent adviser and a main adviser before the terms of the deal were agreed upon.
With regard to the diversification of the existing business to include trading of industrial products, Bursa said Anzo failed to obtain prior shareholders’ approval.
The regulator reminded Anzo and its board of directors of their responsibility to maintain the appropriate standards of corporate responsibility and accountability to its shareholders and the investing public.
Anzo’s share price closed unchanged at 1.5 sen on Thursday (Sept 1), valuing it at RM16.74 million.
2022-09-01 20:48
Semua pengarah anzo dan related parties yang bersubahat dijangka masuk jel hahaha
https://www.theedgemarkets.com/article/soh-chee-wen-manipulation-penny-stocks-singapore-singapore-court-finds-john-soh-and-partner
https://www.theedgemarkets.com/article/why-charge-editors-over-articles-had-exposed-stock-market-manipulation
2022-09-14 06:45
Penipuan yg merugikan pemegang syer minoriti:)
https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2022-09-02-story-h1628874681-Bursa_Fines_Anzo_Directors_for_RM300_000_for_RPT_and_Diversification_Br
2022-09-14 06:46
Anzo NTA around 10cts..revenue now around 27% of share capital as 2021 compared to less than 5% in 2019…What kind of RP needed by KLSE ?…indirectly still linked to Ah Jib…
2022-09-21 10:24
Today is the last day to submit RP to Bursa or else wait to get delisted by Bursa.
2022-10-31 15:57
WHY BURSA has yet to suspend the trading on ANZO? Already 2 calendar months after the last day of regularization plan. Though ANZO submitted but the other party withdrew from the signed MOU.
Can the Finance Ministry direct the SC & Bursa to look into the company? Corruption elements could be at play.
2023-01-02 17:30
Anzo is still listed & NOT SUSPENDED until today, more than 2 months after the last day to submit the regularization plan.
Bursa doesn't know whether the regularization plan could work? No man power to audit & check the regularization plan?
I would suggest MOF to check on the Bursa's operation.
2023-01-05 21:53
@cumcumshot as per the bursa rule, once the company submitted the application for extension, the company share would not be delisted until Bursa made its decision. For this round, it's out of the norm that Bursa has delayed in its decision.
2023-01-06 12:21
I don't mean it shd be delisted, but I did say Bursa is taking abnormal long time to make decision on the regularization plan, hence making the stock still tradable in the market. This is not fair to the novice players. I am hereby suggesting the MOF to initiate investigation into Bursa's operation for any possible fraud or misconduct.
2023-01-12 09:34
ANZO !.....ANZO !.......
WRITE OFF RM14MIL. IN OTHER RECEIVABLES,............
AS ADMINISTRATIVE EXPENSES,.......
THOSE ARE ANZO FUND RAISED IN THE PAST,.......
VERY SMART !........
LIKE THAT EVERY SHAREHOLDERS ALSO WANT TO BE BIG RUBBISH BOSS,.......
DEBT DON`T NEED BE PAID,.......
LOAN NO INTEREST,........
CAN BE WRITE OFF AS WELL !
2023-01-24 09:51
anzo ! anzo !.......
THE RUBBISH BOSS DUMP THEIR SHARE TO YOU,........
LOOT THE COMPANY FUND,........
VERY SOON SHARE CONSOLIDATION COMING,........
WHAT CAN YOU DO ?........
YOU ARE TRAPPED !.........
INVESTED IN RUBBISH COMPANY !
2023-01-24 10:58
RUBBISH BOSS,.......
DO NOTHING IN ANZO,........
ONLY KNOW TO CHEAT COMPANY FUND,.........
CAN`T DO PROFITABLE BUSINESS,........
WHAT A SHAMEFUL BOSS,........
2023-01-25 08:24
ANZO HOLDINGS BERHAD
Bursa Securities has decided to:-
1. grant ANZO a further extension of time until 30 April 2023 to submit the Company's regularisation plan to the relevant authorities for approval (“Extended Timeframe”), subject to the appointment of a Principal Adviser by the Company on or before 13 March 2023 (“Prescribed Timeframe”); and
2. suspend the trading of the securities of ANZO with effect from 21 February 2023.
Bursa Securities has further decided to de-list the securities of the Company pursuant to paragraph 8.03A(3) of the Main LR in the event:-
1. the Company fails to appoint a Principal Adviser within the Prescribed Time;
2. the Compan fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe i.e. on or before 30 April 2023;
3. the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;
4. the Company does not succeed in its appeal; or
5. the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.
Upon occurrence of any of the events set out in paragraphs (1) to (5) above, the securities of the Company will be removed from the Official List of Bursa Securities upon expiry of two ( 2) market days from the date the Company is notified by Bursa Securities or on such date as may be specified by Bursa Securities.
2023-02-14 21:07
Im supporting local company so gonna park 10k here once it’s recovered could be a millionaire maybe gonna take 5-10 years, good company just bad timing
2023-02-15 11:29
zarifahmad
Im supporting local company so gonna park 10k here once it’s recovered could be a millionaire maybe gonna take 5-10 years, good company just bad timing
Are you ok or not?
Entire bursa history Anzo running losses. Something not right with Tuan Zarif..kikiki
2023-02-15 12:05
Because of those penny stock problem n Serbadak Crisis still never settle yet...so Malaysia share like Sleeping Ugly....
2023-02-15 14:31
OVERSEA, PERMAJU, ANZO , XOX , EDDIE PUNYA TAIK.... DIJANGKA BUNGKUS SATU PER SATU///
TAIK BETUL
2023-02-17 00:04
Kalau di Singapura, puak tangan ghaib dah dihukum penjara dan masuk jel dah, pihak berkuasa disini buat apa? Hahaha
2023-02-17 06:12
can buy Anzo now....as Principal Adviser could be announced by 13-3-23....and once relisted....become 2023 darling stock..hahaha...
2023-02-20 08:55
Astral, XOX,Overseas,Vizione, etc....father Tan Sri Chai Kin Kong all got interest...
2023-02-20 09:00
last one hour of trading. For those who left, goodbye and best wishes for other stocks. For those who remain, either we fly or sink together come March 13th. All the best and good luck!
2023-02-20 16:05
4 more trading days to reach deadline 13th March to appoint a principal adviser for the regularization plan.
2023-03-08 13:06
Selepas Victor Chin, Fail Peguam Mafia Korporat Chong Loong Men pula terbongkar
Kini fail peguam mafia Chong Loong Men pula dibongkar. Bekas DPP AG/SC itu menguruskan syarikat korporat mafia milik Victor Chin dan 3 lagi mafia korporat. Beliau memiliki saham dan dilantik BOD syarikat mafia. Chong Loong Men peguam dalang rampasan syarikat senaraian awam di negara ini. Mereka sudah merampas Classita Holdings Berhad dikuasai isteri Victor Chin Boon Long dan kini sedang merampas Revenue Group Berhad pada 13 Mac!
https://thecorporatesecret.com/blog/2023/03/09/selepas-victor-chin-fail-peguam-mafia-korporat-chong-loong-men-pula-terbongkar/
2023-03-09 21:29
DE-LISTING OF ANZO HOLDINGS BERHAD
ANZO HOLDINGS BERHAD
Bursa Malaysia Securities Berhad ("Bursa Securities") noted from the announcement dated 14 March 2023, amongst others, that ANZO had failed to appoint a Principal Adviser within the prescribed timeframe as stated in the decision letter dated 13 February 2023 ("Decision Letter"), i.e. on or before 13 March 2023 and does not intend to seek any further extension of time.
In the circumstances and in accordance with the Decision Letter, please be informed that the securities of the Company will be removed from the Official List of Bursa Securities upon expiry of two (2) market days from today, i.e. on 17 March 2023.
Effect of De-lisitng from the Official List of Bursa Securities
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn. Bhd. (“Bursa Depository”), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at any time after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.
Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
2023-05-24 10:28
Retail investors incur huge losses
Directors go unpunished
Company fund open for use
2023-05-24 10:35
what is 300k fine when these directors draw fat paychecks by using shareholder's money?
2023-05-26 14:53
all these regulators are useless. These directors who failed any company should be stoo from becoming director of any new company.
2023-05-27 11:29
Singapore Stock Exchange much much stricter
Bursa Malaysia much much lenient
Many people enjoying easy shareholders money
2023-05-27 11:38
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Still need to wait for another 3 - 4 months. Mostly would have something to do with Seacera, its good friend from same group Fintec.
2022-06-30 12:13