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PETALING JAYAb>: /b>The board of directors of Golden Plus Holdings Bhd (GPlus) has no objection to the appointment of Pricewaterhouse-Coopers (PwC) as special auditors, but is concerned with the cost quoted by the accounting firm for the special audit.
IN what seems like a recent flurry of cases involving corporate misdeeds, the fact remains that the Malaysia market is still perceived as one which lacks enforcement against white collar crooks. The situation was even more worrisome in the past. In the mid-1990s, before the 1997 financial crisis, Idris Hydraulic (M) Bhd, Aokam Perdana Bhd, PWE Industries Bhd and Hwa Tai Industries Bhd were some of the more infamous companies where share price manipulation was believed to have taken place.
PETALING JAYA: Suspension in trading in the shares of property developer Golden Plus Holdings Bhd (GPlus) will continue as the company has failed to submit the annual audited financial statements for the financial year ended Dec 31, 2009 within the timeframe stipulated by Bursa Securities.