According to the stock exchange filing, the project will be close to retail amenities such as Sunway Giza, Sunway Nexis and Ikea Damansara as well as education institutions including Sri KDU and SEGi University, and Thomson Hospital.
KUALA LUMPUR: Bursa Malaysia Securities Berhad has publicly reprimanded Perak Corporation Bhd
and seven of its former directors for breaching of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR).
The regulator said on Monday the seven former directors were also fined a total of RM237,500.
Bursa Securities said Perak Corp failed to issue its annual report that included the annual audited financial statements together with the auditors’ and directors’ reports for FY ended (FYE) Dec 31, 2016 (AR 2016) on or before April 30, 2017. The AR 2016 was only issued on June 6, 2017.
The company failed to comply with Bursa Securities’ directive vide letters dated April 28, 2016 and Aug 26, 2016 to carry out a limited review on the quarterly reports.
The reports were for third quarter ended Sept 30, 2016 (Q3 2016), QR4 2016, Q1 2017 and Q2 2017 and ensure the quarterly report announcements stated that it has been reviewed by the company’s external auditors.
Perak Corp was also required to review and ensure the adequacy and effectiveness of its financial reporting function and carry out a limited review on its quarterly report submissions.
Bursa Securities said the limited review must be performed by the company’s external auditors for four quarterly reports commencing no later from the quarterly report for the financial period ended March 31, 2019.
It said Perak Corp must ensure all its directors and relevant personnel attend a training programme in relation to compliance with the Main Listing Requirements pertaining to financial statements.
Limited time offer:
Just RM5 per month.
