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Business

Golden Plus delays release of report

PETALING JAYA: Property developer Golden Plus Holdings Bhd is not able to release the audited financial statements for the financial year ended Dec 31, 2011 (FY11) by April 30 as the company is still in the midst of finalising the FY10 audited financial statements as well as the rest of the quarterly reports for FY11.

Business

GPlus revises statement issuance

PETALING JAYA: Golden Plus Holdings Bhd has revised its expected issuance of the its audited financial statements for the year ended Dec 31, 2010 to July 31 this year.

Community

MPAJ finds garbage collection services provided by them unsatisfactory

THE Ampang Jaya Municipal Council (MPAJ) has suspended four waste management contractors (for an indefinite period) for their below par performance in carrying out garbage collection in their respective areas.

Business

Harsh fines for non-executive indepenent directors

A letter from Datuk Jeyaraj Ratnaswamy

Business

Fining directors a good move, but more protection needed

Errol Oh feels that there needs to be sterner action taken on repeat offenders.

Business

Golden Plus directors reprimanded, fined

PETALING JAYA: The board members of Golden Plus Holdings Bhd have been publicly reprimanded and fined a total of RM1.4mil by stock exchange regulator Bursa Securities for failure to appoint PricewaterhouseCoopers as a special auditor (as directed) and to allow the special auditor to proceed with special audit work.

Business

SC approves 24 syariah-compliant stocks

PETALING JAYA: The Securities Commission (SC) has included 24 newly-classified syariah-compliant securities and excluded five, for a total of 847 syariah-compliant counters on Bursa Malaysia.

Business

Bursa rejects extension for GPlus

PETALING JAYA: Bursa Securities has rejected construction firm Golden Plus Holdings Bhd#8217;s application for an extension of two weeks for the submission of the company#8217;s audited financial statements for the financial year ended Dec 31, 2010.

Business

Golden Plus served court order

PETALING JAYA: Bursa Malaysia Securities Bhd has served Golden Plus Holdings Bhd (GPlus) with a sealed court order granted by the Kuala Lumpur High Court that directs the latter to appoint PriceWaterhouseCoopers Advisory Services Sdn Bhd (PwC) as the special auditor (SA).

Business

Long wait continues for GPlus special audit

PETALING JAYA: The long wait for the special audit of Golden Plus Holdings Bhd (GPlus) continues. PricewaterhouseCoopers Advisory Services Sdn Bhd (PwC), the firm chosen to review the affairs of the GPlus group, has not accepted its appointment as special auditor (SA) because the amount that GPlus is willing to pay for the job is far lower than the fee quoted by PwC.