A N N U A L R E P O R T

Size: px
Start display at page:

Download "A N N U A L R E P O R T"

Transcription

1 A N N U A L R E P O R T

2 CONTENTS 02 Corporate Information 03 Corporate Structure 04 Group Financial Review 05 Notice of Annual General Meeting 08 Directors Profi le 11 Chairman s Statement 14 Statement of Corporate Governance 22 Audit Committee Report 26 Statement on Risk Management & Internal Control 29 Additional Compliance Information 31 Statement of Directors Responsibilities 32 Analysis of Shareholdings 34 List of Properties 35 Financial Statements 94 Supplementary Information Proxy Form

3 02 ANNUAL REPORT 2013 Corporate Information BOARD OF DIRECTORS Gerald Nicholas Tan Eng Hoe Chairman, Independent Non-Executive Director Tam Juat Hong Senior Independent Non-Executive Director Ngoh Tee Song Independent Non-Executive Director Choo Wai Kevin Choo Independent Non-Executive Director Hoh Ming Fatt Executive Director Yeoh Eng Kong Executive Director COMPANY SECRETARIES Teo Mee Hui (MAICSA ) Lim Lee Kuan (MAICSA ) REGISTERED OFFICE 10th Floor, Menara Hap Seng No. 1 & 3, Jalan P. Ramlee Kuala Lumpur T : F : HEAD OFFICE, PRINCIPAL PLACE OF BUSINESS AND R&D CENTRE A-1-3, Block A, Jaya One No 72A, Jalan University Petaling Jaya Selangor Darul Ehsan T : F : E : info@mnc.com.my W : SHARE REGISTRAR Symphony Share Registrars Sdn Bhd Level 6, Symphony House Block D13 Pusat Dagangan Dana 1 Jalan PJU 1A/ Petaling Jaya Selangor Darul Ehsan T : F : /8152 PRINCIPAL BANKER CIMB Bank Berhad 83 Medan Setia 1 Plaza Damansara Bukit Damansara Kuala Lumpur T : F : AUDITORS Crowe Horwath Chartered Accountants Level 16 Tower C Megan Avenue ll 12 Jalan Yap Kwan Seng Kuala Lumpur T : F : STOCK EXCHANGE ACE Market of Bursa Malaysia Securities Berhad Stock Name : MNC Stock Code : 0103

4 Corporate Structure M N C WIRELESS BERHAD ( T) 03 The public listed entity with technology, R&D, product innovation, development & distribution centre 100% 100% 100% 100% Digital Kung-Fu Sdn Bhd (Digital Media Agency) Moblife.TV Sdn Bhd (Marketing, Administration and Consulting Arm for the Group) WOWLOUD Sdn Bhd (Music Streaming Subscription Service) Joors Asia Sdn Bhd (Dormant)

5 04 ANNUAL REPORT 2013 Group Financial Review Revenue (RM 000) Loss Before Tax (RM 000) Shareholder s Equity (RM 000) ,780 13,739 12, (265) 15,092 10,823 (1,393) 13,539 10,244 (579) 13,058 6,395 (3,848) 5,800 (1,634) Revenue (RM 000) 16,780 13,739 15,092 13,539 13,058 Loss Before Tax (RM 000) (265) (1,393) (579) (3,848) (1,634) Shareholder s Equity (RM 000) 12,221 10,823 10,244 6,395 5,800 Net Asset per share (sen) Loss per share (sen) (0.28) (1.48) (0.61) (4.07) (1.73)

6 M N C WIRELESS BERHAD ( T) Notice of Annual General Meeting 05 NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of M N C Wireless Berhad will be held at Dillenia Room, Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, Kuala Lumpur on Tuesday, 27 May 2014 at a.m., for the purpose of considering the following businesses: AGENDA ORDINARY BUSINESS 1. To receive the Directors Report, Audited Financial Statements and the Auditors Report for the fi nancial year ended 31 December Please refer to Explanatory Note 1 2. To re-elect the following Directors who retire in accordance with Article 97 of the Articles of Association of the Company and being eligible, offer themselves for election: i. Gerald Nicholas Tan Eng Hoe ii. Yeoh Eng Kong iii. Choo Wai Kevin Choo iv. Hoh Ming Fatt v. Ngoh Tee Song vi. Tam Juat Hong 3. To approve the payment of Directors fees of RM16,000 for the fi nancial year ended 31 December To re-appoint Messrs. Crowe Horwath, as Auditors of the Company and to authorise the Directors to fi x their remuneration. Ordinary Resolution 1 Ordinary Resolution 2 Ordinary Resolution 3 Ordinary Resolution 4 Ordinary Resolution 5 Ordinary Resolution 6 Ordinary Resolution 7 Ordinary Resolution 8 SPECIAL BUSINESS 5. To consider and if thought fi t, pass the following Ordinary Resolution, with or without modifi cation: Ordinary Resolution 9 Authority to Issue Shares THAT subject always to the Companies Act, 1965, Articles of Association of the Company and approvals from Bursa Malaysia Securities Berhad and any other governmental/regulatory bodies, where such approval is necessary, authority be and is hereby given to the Directors pursuant to Section 132D of the Companies Act, 1965 to issue and allot not more than ten percent (10%) of the issued capital of the Company at any time upon any such terms and conditions and for such purposes as the Directors may in their absolute discretion deem fi t or in pursuance of offers, agreements or options to be made or granted by the Directors while this approval is in force until the conclusion of the next Annual General Meeting of the Company and that the Directors be and are hereby further authorised to make or grant offers, agreements or options which would or might require shares to be issued after the expiration of the approval hereof.

7 06 ANNUAL REPORT 2013 Notice of Annual General Meeting (cont d) 6. To transact any other ordinary business of which due notice shall have been given. BY ORDER OF THE BOARD LIM LEE KUAN (MAICSA ) TEO MEE HUI (MAICSA ) Company Secretaries Kuala Lumpur Dated this 5th day of May 2014 NOTES: 1. For the purpose of determining a member who shall be entitled to attend this Tenth Annual General Meeting, the Company shall be requesting Bursa Malaysia Depository Sdn. Bhd. in accordance with Article 51(6) of the Company s Articles of Association to issue a General Meeting Record of Depositors as at 20 May Only a depositor whose name appears on the Record of Depositors as at 20 May 2014 shall be entitled to attend the said meeting and to speak or vote thereat. 2. Every member entitled to attend and vote at the meeting is entitled to appoint a proxy / proxies to attend and vote for him/her. The member may attend and vote in person at the meeting after lodging the proxy form but however such attendance shall not automatically revoke the proxy s authority unless an intimation in writing has been made to the Company at the Registered Offi ce at 10th Floor, Menara Hap Seng, No. 1 & 3 Jalan P. Ramlee, Kuala Lumpur. A proxy may but need not be a member of the Company. If the proxy is not a member of the Company, he need not be an advocate, an approved company auditor or a person approved by the Registrar of Companies. 3. A member shall be entitled to appoint at least one (1) and up to two (2) proxies to attend at the meeting. Where a member appoints more than one (1) proxy, the proxies shall not be valid unless he/ she specifi es the proportion of his/her shareholdings to be represented by each proxy. 4. Where a member of the Company is an exempt authorised nominee which holds ordinary shares in the Company for multiple benefi cial owners in one securities account ( omnibus account ), there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds. 5. The instrument appointing a proxy shall be in writing (in common or usual form) under the hand of the appointor or of his attorney duly authorised in writing or, if the appointor is a corporation, either under the seal or under the hand of an offi cer or attorney duly authorised. 6. The instrument appointing a proxy or the power of attorney or other authority, if any, under which it is signed or a notarially certifi ed copy of that power or authority shall be deposited at the Registered Offi ce of the Company at 10th Floor, Menara Hap Seng, No. 1 & 3 Jalan P. Ramlee, Kuala Lumpur not less than forty-eight (48) hours before the time for holding the meeting or any adjournment thereof.

8 M N C WIRELESS BERHAD ( T) 07 Notice of Annual General Meeting (cont d) EXPLANATORY NOTES 1. Item 1 of the Agenda - Directors Report, Audited Financial Statements and the Auditors Report for the fi nancial year ended 31 December 2013 The Audited Financial Statements under this agenda item is meant for discussion only as the provision of Section 169(1) of the Companies Act 1965 does not require a formal approval of the shareholders and hence this item is not put forward for voting. 2. Ordinary Resolution 9 Authority to Issue Shares The proposed resolution is primarily to give fl exibility to the Board of Directors to issue shares to such persons at any time in their absolute discretion without convening a general meeting. This authorisation will expire at the conclusion of the next Annual General Meeting of the Company. This is the renewal of the mandate obtained from the members at the last Annual General Meeting ( the previous mandate ). The purpose of this general mandate is for possible fund raising exercises including but not limited to further placement of shares, for purpose of funding current and/or future investment projects, working capital, repayment of borrowings and/or acquisitions. The previous mandate was not utilised and accordingly no proceeds were raised.

9 08 ANNUAL REPORT 2013 Directors Profi le Gerald Nicholas Tan Eng Hoe Chairman and Independent Non-Executive Director Malaysian, Age 45 Mr Gerald Nicholas Tan Eng Hoe was appointed to the Board as the Independent Non-Executive Chairman on 29 August He is also the Chairman of the Nomination Committee and a member of the Audit Committee and Remuneration Committee. He graduated with a Bachelor of Economics from University of Western Australia and obtained his Master in Business Administration ( MBA ) from the Graduate School of Business, The University of Sydney. Mr Gerald Tan started his career with Public Bank Berhad in 1993 in the Capital Markets and Private Debt Securities Division. He left Public Bank in 1996 to pursue his MBA. From 1997 to 2000, he worked with both Deutsche Bank and ANZ Bank in the Corporate Banking Department in Sydney, Australia. In 2001, he returned to Malaysia and founded Salient Synergy Sdn Bhd (subsequently renamed N-Visio Ltd), a pioneer in the mobile technology, mobile content and Interactive TV space. The company, which had offi ces in Hong Kong, Beijing, Changsha, Guangzhou and Jakarta in addition to Kuala Lumpur, was eventually acquired by Mobile Media AS, a Norwegian New Media company partly owned by Telenor Ventures AS. After leaving N-Visio in 2007, he co-founded and was the Group Managing Director of Phoenix Investment Global Ltd, an Interactive New Media company that was headquartered in Hong Kong and had extensive footprint in China and Southeast Asia. It was subsequently sold to Galleon Holdings Plc, a digital intellectual property company based in London and is listed on AIM London. Mr Gerald Tan does not hold any directorship in other public company and does not have any family relationship with any Director and/or major shareholder of the Company. He has not been convicted for any offence within the past ten (10) years other than traffi c offences, if any and has no confl ict of interest with the Company. He has attended three (3) Board Meetings of the Company during the fi nancial year Choo Wai Kevin Choo Independent Non-Executive Director Malaysian, Age 35 Mr Choo Wai Kevin Choo was appointed to the Board as an Independent Non-Executive Director on 25 July He is the Chairman of the Remuneration Committee and is a member of the Audit Committee and Nomination Committee. He holds a Bachelor of Engineering (Manufacturing Systems) from Warwick University, United Kingdom and a Master of Business Administration (Finance) from Nottingham University, United Kingdom. Mr Kevin Choo has extensive experience in both start-up and multinational environments, giving him a broad based, practical view of corporate and operations management. He has spent much of his career in the telecommunications sector, working in various parts of the industry s value chain. He began his career with Accenture Solutions Sdn Bhd, a company where he was part of the team conducting billing and revenue assurance for a local telco before the joined N-Visio Ltd in year 2003 where he was involved in the development of Asia s fi rst realtime 3D interactive TV system that leveraged on mobile technologies. Thereafter, he held P&L responsibilities at Phoenix Investment Global Ltd from year 2008 to 2009, providing technology solutions to broadcasters in South East Asia and China to enable them to interact directly with their viewers via mobile, TV and online. Mr Kevin Choo does not hold any directorship in other public company and does not have any family relationship with any Director and/or major shareholder of the Company. He has not been convicted for any offence within the past ten (10) years other than traffi c offences, if any and has no confl ict of interest with the Company. He has attended four (4) Board Meetings of the Company during the fi nancial year 2013.

10 M N C WIRELESS BERHAD ( T) 09 Directors Profi le (cont d) Yeoh Eng Kong Executive Director Malaysian, Age 45 Mr Yeoh Eng Kong was fi rst appointed to the Board as an Independent Non-Executive Director on 25 July 2013 and was subsequently re-designated to Executive Director with effect from 29 August He graduated from Monash University, Melbourne, Australia in 1992 with a Bachelor of Economics (majoring in Accountancy) and Bachelor of Laws. Mr Yeoh began his career as a practicing lawyer in Subsequently he became a partner of his legal fi rm which he co-founded in 1994, specializing in various corporate exercises such as corporate restructuring, mergers and acquisitions. In 2001, he gave up his legal practice in order to pursue investment opportunities in properties and companies with high growth potential. In the past 12 years, he has actively invested in companies in need of capital injection. Mr Yeoh does not hold any directorship in other public company and does not have any family relationship with any Director and/or major shareholder of the Company. He has not been convicted for any offence within the past ten (10) years other than traffi c offences, if any and has no confl ict of interest with the Company. He has attended four (4) Board Meetings of the Company during the fi nancial year Hoh Ming Fatt Executive Director Malaysia, Age 46 Mr Hoh Ming Fatt was appointed to the Board as an Executive Director on 11 November He holds a Bachelor of Management (Honours) from the Science University, Malaysia and is a member of the Institute of Chartered Secretaries and Administrators of UK and Malaysia. He started his career in 1991 as a consultant with Andersen Consulting Kuala Lumpur, an international management consulting fi rm and was a member of the corporate advisory department of Malaysian International Merchant Bank Berhad from 1993 to 1996 where he was involved in IPOs, mergers/ acquisitions, restructuring and valuation exercises. From 1997 to 2004, Mr Hoh was engaged as corporate consultant for several public and private companies where he was involved in several IPOs and corporate restructuring exercise. He was the General Manager of the Corporate Finance Department of PM Securities Sdn Bhd from 2005 to Mr Hoh is the proprietor of a consulting practice specialising in corporate planning and investment, corporate re-organisation and restructuring and corporate compliance services. Mr Hoh presently oversees the fi nance, corporate and administration functions of the MNC Group. Mr Hoh is an independent director of a public listed company in Singapore and is a director of several private companies in Malaysia. Mr Hoh does not hold any directorship in other public company and does not have any family relationship with any Director and/or major shareholder of the Company. He has not been convicted for any offence within the past ten (10) years other than traffi c offences, if any and has no confl ict of interest with the Company. He has attended two (2) Board Meetings of the Company during the fi nancial year 2013.

11 10 ANNUAL REPORT 2013 Directors Profi le (cont d) Ngoh Tee Song Independent Non-Executive Director Malaysian, Age 51 Mr Ngoh Tee Song was appointed to the Board as an Independent Non-Executive Director on 11 November 2013 and is a member of the Audit Committee, Remuneration Committee and Nomination Committee. He holds a Bachelor of Commerce from University of Toronto, Canada. Mr Ngoh started his career with KPMG in 1989 as an audit assistant. He left KPMG and joined Citibank in 1991 where he was involved in forex and treasury management until Subsequently from 1996 to 2000, he was involved in fi nancial and treasury management in TA Securities Sdn Bhd and TA Bank (South Africa) Ltd. From 2001 to 2003, he served as Finance Manager in Tops Retail (M) Sdn Bhd (a subsidiary of Ahold International of Netherland) before joining Epson Trading (M) Sdn Bhd in In 2006, he joined Arthur D. Little Kuala Lumpur offi ce as Regional Finance Manager. He brings with him vast experience in fi nancial management. Mr Ngoh does not hold any directorship in other public company and does not have any family relationship with any Director and/or major shareholder of the Company. He has not been convicted for any offence within the past ten (10) years other than traffi c offences, if any and has no confl ict of interest with the Company. He has attended two (2) Board Meetings of the Company during the fi nancial year Tam Juat Hong Senior Independent Non-Executive Director Malaysian, Age 62 Mr Tam Juat Hong was appointed to the Board as an Independent Non-Executive Director on 11 November He is the Chairman of the Audit Committee and a member of the Nomination Committee and Remuneration Committee. He holds a Bachelor of Economics (Accounting) Degree (First Class Honours) from University of Malaya, Malaysia and is a member of the Malaysian Institute of Accountants and the Malaysian Institute of Certifi ed Public Accountants. He began his career as an auditor in an international affi liate auditing fi rm for a period of 6 years. In 1980, he was attached to a merchant bank in Malaysia for 19 years during which he served in various departments including Corporate Finance, Treasury, Portfolio Investment and Account & Finance. His last position in the merchant bank was the Head of Corporate Finance Department. In 1999, he left the merchant bank and became the General Manager- Finance of a public listed company listed on the then Second Board of Bursa Malaysia Securities Berhad until July The public listed company was taken private and delisted following the completion of a general offer by its new shareholder. He continues to serve in the Group after it has been taken private by the shareholder from Russia and has served in various positions including as the Chief Financial Offi cer as well as the Director of Finance of the Group s Malaysian operations up to 31 October Mr Tam is also an Independent Non-Executive Director of Turbo-Mech Berhad. He does not have any family relationship with any Director and/or major shareholder of the Company. He has not been convicted for any offence within the past ten (10) years other than traffi c offences, if any and has no confl ict of interest with the Company. He has attended two (2) Board Meetings of the Company during the fi nancial year 2013.

12 Chairman s Statement M N C WIRELESS BERHAD ( T) 11 On behalf of the Board of Directors of MNC Wireless Berhad ( MNC or the Group ), I present to you our Annual Report and the Audited Financial Statements of the Group for the fi nancial year ended 31 December 2013 ( FY2013 ). The FY2013 was marked with changes and new development within the Group not only in the establishment of a new Board composition but also in our business operations and corporate development. Today, MNC is operating on a leaner and more resourceful workforce as the Company work on rebuilding the business and returning to profi tability. COMPANY S PERFORMANCE The FY2013 remains a challenging year for MNC. For the current fi nancial year under review, the Group recorded total revenue of RM13.1 million, a decrease of approximately 3.6% compared to the last fi nancial year. The reduction in revenue was mainly attributed to a decrease in overall sales from our mobile application services. Meanwhile, the Group recorded a loss before tax of RM1.6 million compared to a loss before tax of RM3.8 million recorded in the last fi nancial year. The difference was mainly due to the results of impairment loss made on product development expenditure of RM1.1 million that was recorded in the last fi nancial year and a decrease in overall operating expenses for the current fi nancial year as the Company step up its efforts to increase operating effi ciency, putting in place stringent cost control measures and more careful allocation of resources. BUSINESS & OPERATIONS REVIEW As one of the pioneers in mobile marketing and digital solutions provider in Malaysia, MNC has come a long way since its inception. Today we are capable of providing an end-to-end range of services from consultancy, strategy & creative to technological development on mobile and digital platforms for businesses and end consumers. We constantly strive to deliver better customer experience like no other in the services that we provide namely website development, mobile apps development, Facebook apps and our other mobile services. As we look back on our development last year, much of our focus was centred on expanding our services rendered for creative digital marketing in light of the declining SMS content business in the industry. In the year under review, our enterprise based mobile messaging platform in relation to Go!SMS contributed RM3.3 million to the total Group s revenue representing a slight decrease of 6% compared to that of last year due to competitive pricing in the market. To mitigate the effect, we have intensifi ed our effort to pursue new market and clients through more aggressive sales acquisition and continuous feature enhancement of our messaging platform that is required for improved service performance. In the year under review, our project based digital marketing segment continued to register new growth with successful launch of a variety of new digital services and solutions. Our priority is on helping our clients to address the increasing challenges in digital campaigns ranging from building brand awareness, acquisition, consumer engagement and customer retention across the various digital platforms. During the year, we have introduced the new HTML5 and responsive website design that is responsive for mobile phone and tablet devices in order to allow a more engaging experience for users. With the continuous growth in the use of digital platform for marketing and branding, we will continue to research and utilise the latest technology to support our clients on their digital challenges. For the mobile billing segment, our Go!CPA reverse billing platform which supports premium billing through SMS, MMS and WAP continues to contribute positively to the Group s revenue. We will continue to build on our infrastructure with the mobile network operators in order to ease the integration of payment for mobile reverse billing by our clients.

13 12 ANNUAL REPORT 2013 Chairman s Statement (cont d) Apart from our business to business segment, our mobile content services segment continues to provide positive contribution to the Group s performance. During the year, we have launched new and innovative smartphone application as well as games in order to meet the increasing demand from the consumers. Moving forward, we will continue to introduce more unique mobile content services to consumer in order to improve the performance of our mobile content subscription business. Meanwhile the Company s foray into the subscription based music streaming service via WOWLOUD has experienced a set back. The low acceptance rate for premium music streaming services and on-going service competition in the marketplace have resulted in WOWLOUD not achieving a critical subscribers base for development and monetisation of partnership opportunities. Despite considerable resources being committed to awareness campaigns and the successful launch of the service on the Blackberry platform in the beginning of this year, WOWLOUD recorded a lower than anticipated subscriber growth. CORPORATE DEVELOPMENT On 25 September 2013, we announced that the Company intends to undertake a proposed private placement of up to 10% of the issued and paid-up share capital of the Company ( Proposed Private Placement ). The proceeds from the private placement have been earmarked for the Group s working capital requirements, particularly in areas of staff costs and marketing costs for advertising and promotional activities. The application pursuant to the above Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad ( Bursa ) on 17 October 2013 and is currently pending the approval from Bursa. On 24 October 2013, the Company acquired 10,000,000 ordinary shares of RM0.10 each in Mexter Technology Berhad ( MTB ) for a total purchase consideration of approximately RM1,200,000.00, representing about 5.6% of the equity interest in MTB. OUTLOOK AND GROUP PROSPECTS Moving forward, our priority will be on turning around the Group s performance and making the Company stronger and more resilient. While the road ahead is not expected to be easy, we are determined to take all measures to steer the Group back to profi tability by leveraging on our strengths in optimizing customer experience in both mobile and digital platforms. Looking ahead in 2014, we believe the demand for mobile and digital applications will continue to grow due to more organization/brands undertaking programs of digital transformation across strategy, people and process. In this regard, we will continue to increase our efforts to grow our existing mobile and digital business by penetrating into new and existing market. At the same time, we are exploring strategic partnership for our services in order to achieve sustainable growth in the future. While growing revenue is a priority, we are also mindful of the need for operational effi ciencies and prudent cost management. We will continue to take measures to streamline our operations through careful realignment of our resources and by focusing on technology areas in accordance with market trends and needs. We will see increased internal focus on how to be more agile; how to be more innovative; how to get teams working more collaboratively particularly the marketing and technology teams. With these strategies in place, we believe that we will be better equipped to face the challenges ahead.

14 M N C WIRELESS BERHAD ( T) 13 Chairman s Statement (cont d) CHANGE OF BOARD OF DIRECTORS COMPOSITION In the FY2013, the Company experienced a major change in its Board composition. With the exit of Tan Sri Datuk Lee Fook Long as the major shareholder of MNC, the current Board of Directors comprises of Gerald Nicholas Tan Eng Hoe, Tam Juat Hong, Ngoh Tee Song, Choo Wai Kevin Choo, Yeoh Eng Kong and Hoh Ming Fatt. With the combined skill and expertise from the current Board members, we look forward to greater performance and achievement of the Company. APPRECIATION On behalf of the Board of Directors of MNC, I would like to take this opportunity to express our sincere gratitude to the former board members for their contribution to MNC. We would also like to express our appreciation to all our fellow colleagues for their hardwork, perseverance and commitment to the Group. A sincere thank you also goes out to our valued shareholders, customers, bankers and business associates for their continuous support towards the Group. Together we endeavour to deliver the best possible results to all our stakeholders. Thank you. Gerald Nicholas Tan Eng Hoe Chairman

15 14 ANNUAL REPORT 2013 Statement Of Corporate Governance The Board is fully committed in maintaining high standards of corporate governance and the effective application of the principles and best practices as set out in the Malaysian Code on Corporate Governance 2012 (the Code) and the Listing Requirements of the ACE Market (Listing Requirements). Good corporate governance is fundamental to the Group in discharging its corporate responsibilities and accountability to preserve and enhance shareholders value. The Board is pleased to provide the following statement, which outlines the extent to which the principles and best practices of the Code were applied throughout the fi nancial year ended 31 December ESTABLISH CLEAR ROLES AND RESPONSIBILITIES Clear Roles & Responsibilities There is a clear separation of functions between the Board and management. The Board has overall responsibility for management oversight, setting strategic direction and promoting ethical conduct in business dealings. This includes responsibility for reviewing and adopting the Company s strategic plan, reviewing and approving annual budgets, overseeing the conduct of business operations, identifying principal risks and ensuring the implementation of appropriate internal controls and risk management systems. The Board has delegated the day to day management of the Group to the Executive Directors and their management team. The Executive Directors are responsible for the management of the Group as a whole which include the development of strategy, defi ning the Key Performance Indicators and reviewing the performance of the Group s businesses against approved budgets. The Non-Executive Directors provide independent advice and sound judgment based on their skill, experience and knowledge during deliberations of the Board within and outside its Board meetings. Access to Information and Advice All Directors have unrestricted access to all information pertaining to the Group. The Directors may interact directly with, or request further explanation, information or updates, on any aspect of the Company s business concerns from the Management to enable the Board to discharge its duties in relation to the matters being deliberated. Notice of meetings, setting out the agenda and accompanied by the relevant Board papers are given to the Directors on a timely manner to enable the Directors to peruse, obtain addition information and/ or seek further clarifi cation on the matters to be tabled at a meeting. The proceedings and resolutions passed at each Board meeting are minuted and kept in the statutory minute book at the registered offi ce of the Company. In furtherance of their duties, whenever independent professional advice is required by the Directors, external experts may be engaged at the Company s expense. Qualified and competent Company Secretaries The Board has direct access to the advice and the services of a qualifi ed and competent Company Secretary, who is responsible for ensuring that board procedures are followed and that applicable rules and regulations are complied with.

16 M N C WIRELESS BERHAD ( T) 15 Statement Of Corporate Governance (cont d) Board Charter and Code of Conduct The Board has recently adopted a Board Charter and Code of Conduct to guide the Directors, management and employees in the conduct of the businesses and governance of the affairs of the Group. The Board Charter sets out the respective roles and responsibilities of the Board and the management to ensure accountability. The Board Charter would act as a source reference for members of the Board and management team with regard to their role and responsibilities in the governance of the Group. The Code of Conduct together with the Employees Handbook guide the Directors, Management and employees with regard to policies and ethical standards to be adhere to in the conduct of the daily affairs and business of the Group. The Board would ensure that the Code of Conduct and Employee Handbook be reviewed and updated regularly to meet the Company s needs and to address the changing conditions of its business environment. The Board has yet to adopt a Whistle Blowing policy for the Group but all concerns or queries regarding the Group and related to whistle blowing may be conveyed to the Senior Independent Director of the Group at jh.tam@mnc.com.my. Further details of the Board Charter and Code of Conduct can be found on the Company s website at 2. STRENGTHEN COMPOSITION Board Committee The Group has three Board Committees to assist the Board and each committee is governed by their Terms of Reference. All Board Committees consists of Non-Executive Directors and the responsibilities and functions of the Committees are set out below: (i) Audit Committee The Audit Committee is primarily responsible for matters relating to the integrity of the fi nancial accounting function and system of controls. The Audit Committee ensures that fi nancial statements are prepared in accordance to applicable fi nancial reporting standards and good practices are adopted in the review and disclosure of the affairs of the Company and of the Group. The Audit Committee is also responsible for overseeing the setting up and maintenance of a sound system of controls and monitors the effectiveness of these controls through regular internal audit reviews. The composition and key functions of the Audit Committee are presented in the Audit Committee Report on pages 22 to 25 of this Annual Report. (ii) Nomination Committee The Board has established a Nomination Committee which comprise exclusively of Independent Non-Executive Directors to identify, assess and recommend to the Board suitable nominees for appointment to the Board and Board Committees. The composition of the Nomination Committee is set out as follows: Gerald Nicholas Tan Eng Hoe Choo Wai Kevin Choo Ngoh Tee Song Tam Juat Hong Chairman, Independent Non-Executive Director Member, Independent Non-Executive Director Member, Independent Non-Executive Director Member, Senior Independent Non-Executive Director

17 16 ANNUAL REPORT 2013 Statement Of Corporate Governance (cont d) The primary functions of the Nomination Committee are as follows: identify the desired mix of expertise, competencies and experiences for an effective Board; review the Board structure, size, composition and skill mix and make recommendations to the Board with regard to any adjustments that are deemed necessary or appropriate; identify candidates and review all nominations for the appointment of suitable candidates to fi ll skill gaps; recommend to the Board, candidates for appointment to Board Committees and rotation of board chairmanship; recommend the re-appointment of members of the Board, and to determine the selection criteria thereof; ensure that all Board appointees undergo appropriate induction programmes; and make annual assessment of the performance and effectiveness of the Board as a whole. Mr Tam Juat Hong is the Senior Independent Non-Executive Director to whom all concerns or queries regarding the Group may be conveyed. Nonetheless, the Board has selected Mr. Gerald Nicholas Tan Eng Hoe, an Independent Non-Executive Director, as the Chairman of the Nomination Committee after taking into consideration the relevant experience and exposure of Mr Gerald Tan. (iii) Remuneration Committee The Remuneration Committee which was established to assist the Board in establishing formal and transparent remuneration policies and procedures comprises the following members: Choo Wai Kevin Choo Gerald Nicholas Tan Eng Hoe Ngoh Tee Song Tam Juat Hong Chairman, Independent Non-Executive Director Member, Independent Non-Executive Director Member, Independent Non-Executive Director Member, Independent Non-Executive Director The responsibilities of the Remuneration Committee include the following: to seek comparative information on remuneration and conditions of services in comparable organizations; to review directors fees to ensure that they are at suffi ciently competitive levels; to recommend and advise the Board on the terms of appointment and remuneration of its members; to establish a formal and transparent procedure for developing policy on remuneration packages of individual directors; and to consider severance payments that represent public interest and avoid any inappropriate use of public funds. Annual Assessment of Directors The Nomination Committee carries out the evaluation process annually for accessing the effectiveness of the Board as a whole and for accessing the contribution of each individual Director. The Directors are to complete a questionnaire regarding the effectiveness of the Board and an assessment of their own performance. The assessment and comments by all Directors will then be summarised and discussed at the Nomination Committee meeting and reported at a Board Meeting. For the fi nancial year ended 31 December 2013, the Nomination Committee has deferred the assessment and evaluation of the effectiveness of the Board and the contribution by each individual Directors to the next fi nancial year as all the current Board members have recently been appointed and more time is needed to assess their performances.

18 M N C WIRELESS BERHAD ( T) 17 Statement Of Corporate Governance (cont d) Remuneration Policies & Procedures Fair remuneration is critical to attract, retain and motivate directors. The remuneration of Directors shall be the ultimate responsibility of the full Board after considering the recommendation of the Committee. The Executive Directors play no part in determining their own remuneration whilst the Non-Executive Directors abstain from discussion on their own directors fees. The details of the Directors remuneration for the fi nancial year ended 31 December 2013 are as follows: Executive Directors RM Non-Executive Directors RM Fees - 16,000 Salaries - - Allowances and others - 20,000* - 36,000 * For consultancy services rendered between the period of 1 August 2013 to 31 December The numbers of Directors whose remuneration fall into the following bands are as follows: Range of remuneration Number of Directors Executive Non-Executive RM0 RM50,000-2 RM50,001 RM500, In view of the recent changes in the composition of the Board vis-à-vis the fi nancial position of the Company, the Board has resolved that all newly appointed directors shall not be paid any remuneration for the fi nancial year ended 31 December REINFORCE INDEPENDENCE Assessment & Tenure of Independent Directors The Nomination Committee has undertaken a review and assessment of the level of independence of the Independent Directors and is satisfi ed that they are able to discharge their responsibilities in an independent manner. The Independent Directors have also declared their independence of the Board and the Management of the Group to the Board at a Board Meeting during the year. None of the current independent board members had served as a director for more than nine (9) years. Should the tenure of an Independent Director exceed nine (9) years, shareholders approval will be sought at a General Meeting for the continuation in offi ce of the directors concerned as an Independent Director or the director concerned will be re-designated as a Non-Independent Director.

19 18 ANNUAL REPORT 2013 Statement Of Corporate Governance (cont d) Board Balance & Composition The Board currently consists of six (6) members, comprising two (2) Executive Directors and four (4) Independent Non-Executive Directors. The members of the Board have been selected based on their skills, knowledge and their ability to add strength to the leadership. The current composition is a balance mix of skills, experience and knowledge in the areas of mobile technology, media, legal, fi nancial and corporate services. Profi le of each Director is set out under Directors Profi le of this Annual Report. The Chairman of the Board is an Independent Non-Executive Director. He is primarily responsible for the proper conduct and maintenance of order of meetings of the Board and the members at general meetings. The Executive Directors are directly involved in the day-to-day management, administration and operations of the Group as a whole. In view of the fact that all current Directors are recently appointed, the Board has designated Mr Tam Juat Hong as the Senior Independent Director due to his seniority in age, qualifi cation and longer working experience. Appointment to the Board and Re-election In accordance with the Company s Articles of Association, at least one third (1/3) of the Board shall retire from offi ce and all Directors shall retire from offi ce at least once in every three (3) years, but shall be eligible for re-election. A retiring director shall retain offi ce until the close of the meeting at which he/ she retires. Further, in accordance to the Company s Articles of Association, any Director appointed by the Board to fi ll a casual vacancy or as an additional Director shall hold offi ce until the next AGM and shall then be eligible for re-election. Directors over the age of seventy (70) years are required to submit themselves for re-appointment annually in accordance with Section 129 of the Companies Act, The Board currently does not have any female representation but remains mindful of the gender diversity guidelines as promoted by the Code when considering changes to the Board composition in the future. 4. FOSTER COMMITMENT In accordance with the Listing Requirements, each member of the Board holds not more than fi ve (5) directorships in public listed companies. In line with the Code whereby the Board should set out expectations on time commitment for its members and protocols for accepting new directorships, each Director is required to notify the Chairman of the Board prior to accepting directorships in other public listed companies incorporated in Malaysia as well as directorships in corporations with similar businesses operating in the same jurisdiction. These ensure that their commitment, resources and time are focused on the affairs of the Group, thereby enabling them to discharge their duties effectively. Board Meetings Board meetings are held quarterly with additional meetings held as and when the need arises. There were eight (8) Board meetings held during the fi nancial year ended 31 December 2013.

20 M N C WIRELESS BERHAD ( T) 19 Statement Of Corporate Governance (cont d) The meeting attendance record of the Directors is as follows: Directors Meeting Attendance Gerald Nicholas Tan Eng Hoe (appointed w.e.f 29 August 2013) 3/8 Choo Wai Kevin Choo (appointed w.e.f 25 July 2013) 4/8 Tam Juat Hong (appointed w.e.f 11 November 2013) 2/8 Ngoh Tee Song (appointed w.e.f 11 November 2013) 2/8 Yeoh Eng Kong (appointed w.e.f 25 July 2013) 4/8 Hoh Ming Fatt (appointed w.e.f 11 November 2013) 2/8 Tan Sri Datuk Seri Panglima Abdul Kadir Bin Haji Sheikh Fadzir 2/8 (resigned w.e.f 25 July 2013) Tan Sri Datuk Lee Fook Long (resigned w.e.f 25 July 2013) 2/8 Lew Weng Ho (resigned w.e.f 29 August 2013) 5/8 Sasha Lee Wyne (resigned w.e.f 17 September 2013) 4/8 Lee Kam Chun (resigned w.e.f 27 September 2013) 5/8 Lionel Koh Kok Peng (resigned w.e.f 25 October 2013) 6/8 At these meetings, broad direction, strategies, plans and matters critical to the Group were discussed and appropriate actions undertaken. The implementation of business plans are regularly monitored, reviewed and re-assessed to ensure validity and attainment of desired outcomes. The operational and fi nancial performance of the Group together with any material development and issues relating to the business of the Group are discussed and where applicable responded to accordingly. Continuing Education Programmes All Directors of the Company have attended and completed the Mandatory Accreditation Programme ( MAP ) as prescribed by Bursa Malaysia Securities Berhad ( Bursa Securities ). In addition to the MAP, Directors are encouraged to attend continuous education programmes and seminars to equip themselves with the knowledge to effectively discharge their duties as Directors. The following are some of the training attended by the Directors for the year under review: 1. Limited Liability partnership Tax Implication by MICPA 2. Basic Practical Guide to Auditing by MICPA 3. Change the way Works Done-Finance Leader can leverage on Technology by MIA The Board will continue to identify other relevant training programmes that can further enhance their knowledge to enable them to discharge their responsibilities more effectively. 5. UPHOLD INTEGRITY IN FINANCIAL REPORTING Financial Reporting The Board is accountable to ensure that the fi nancial statements are prepared in accordance with the Companies Act, 1965 and the applicable approved accounting standards in Malaysia so as to present a balanced and fair assessment of the Group s fi nancial position and prospects. Quarterly fi nancial results and annual fi nancial statements are reviewed and deliberated upon by the Audit Committee to ensure the quality of fi nancial reporting before presenting to the Board for its approval. The Audit Committee also reviews the appropriateness of the Company s accounting policies and the changes to these policies.

21 20 ANNUAL REPORT 2013 Statement Of Corporate Governance (cont d) Suitability and Independence of External Auditors Through the Audit Committee, the Group has established a transparent and appropriate relationship with the Group s auditors, in seeking professional advice and ensuring compliance with the applicable accounting standards and statutory requirements in Malaysia. The Audit Committee provides the External Auditors direct access at all times to highlight to the Audit Committee and the Board any issues of concern with regard to signifi cant defects in or non-compliance with the Company s operating procedures or system of controls. The Audit Committee reviewed the suitability and independence of external auditors and has recommended to the Board the re-appointment of the external auditors which is subject to the approval of shareholders in a general meeting. The Audit Committee also reviewed and recommended the remuneration of the external auditors for approval by the Board. 6. RECOGNISE AND MANAGE RISK The Board acknowledges its overall responsibilities for maintaining a sound system of internal controls and risk management process to safeguard shareholders investment and Group s assets. Statement on Risk Management and Internal controls is set out on pages 26 to 28 of this Annual Report. 7. ENSURE TIMELY AND HIGH QUALITY DISCLOSURE The Board recognises the importance of keeping shareholders and investors informed of the Group s business and corporate development. Towards this end, the Board endeavours to make timely disclosure of circulars, quarterly fi nancial results, press release and various announcements on material corporate proposals to Bursa Securities. The Board is mindful that information which is expected to be material must be announced immediately to Bursa Securities. In ensuring the accuracy and quality of the information disseminated, the Company designates key management persons with appropriate level of competency and authority to prepare and release of material disclosures. The persons responsible for the preparation of the disclosure will conduct due diligence and verifi cation to ensure accuracy and appropriateness of information contained in the disclosure. The Board is ultimately responsible for all public disclosures. Information on the Group s activities is provided in the Annual Report and Financial Statements which are dispatched to shareholders. The Group also encourages all shareholders and investors to access the Annual Report and announcements online, which are made available at the Bursa Securities website as well as on its interactive website at There is continuous effort to ensure that the information on the website remains current, updated and relevant to investors.

22 M N C WIRELESS BERHAD ( T) 21 Statement Of Corporate Governance (cont d) 8. STRENGTHEN RELATIONSHIP BETWEEN COMPANY AND SHAREHOLDERS Shareholder Participation at General Meetings The Annual General Meeting ( AGM ) is the principal forum for dialogue with shareholders. The notice of AGM and annual reports are dispatch to shareholders at least 21 days before the AGM together with the fi nancial statements and agenda for meeting to enable shareholders suffi cient time to peruse the annual report and circulars supporting the resolutions proposed. When possible, the Group takes steps to serve notices for its general meetings earlier than the minimum notice period to encourage shareholders participation at its AGM. Encourage poll voting The Board is of view that with the current level of shareholders attendance at AGMs, voting by way of show of hands continues to be suffi cient. The Board will conduct voting by poll on proposals or resolutions which are of a substantive nature or at the request of a member or members of the Company holding the requisite shareholding(s) pursuant to the provision in the Articles of Association of the Company. The Board will evaluate and consider adopting electronic voting to ensure accurate and effi cient outcomes of the voting process. Effective Communication and Proactive Engagements During the AGM, shareholders have direct access to Board members who are on hand to answer their questions pertaining to issues in the Annual Report, corporate developments in the Group, the resolutions being proposed and the business of the Group at the AGM. The Chairman will invite shareholders to raise questions pertaining to the Group s accounts and other items for adoption at the meeting, before putting a resolution to vote. External Auditors are also present to provide their professional and independent advice on relevant issues raised. Any queries or concerns regarding the Group may be conveyed to the Senior Independent Director of the Company. STATEMENT ON COMPLIANCE WITH BEST PRACTICES OF THE CODE The Board considers that the Group has substantially complied with the Best Practices as set out in the Code and Listing Requirements for the fi nancial year ended 31 December This statement is made at the Board of Directors Meeting held on 10 April 2014.

KUMPULAN H & L HIGH-TECH BERHAD ( V) (Incorporated in Malaysia)

KUMPULAN H & L HIGH-TECH BERHAD ( V) (Incorporated in Malaysia) KUMPULAN H & L HIGH-TECH BERHAD (317805-V) (Incorporated in Malaysia) NOTICE IS HEREBY GIVEN that the Twenty-Second Annual General Meeting of the Company will be held at Green I, ClubHouse, Tropicana Golf

More information

SELANGOR PROPERTIES BERHAD (5199-X) (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING

SELANGOR PROPERTIES BERHAD (5199-X) (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING SELANGOR PROPERTIES BERHAD (5199-X) (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Fifty-Fourth Annual General Meeting of the Company will be convened and held

More information

CONTENTS 02 Corporate Information 03 Corporate Structure 04 Corporate Milestones 05 Group Financial Review

CONTENTS 02 Corporate Information 03 Corporate Structure 04 Corporate Milestones 05 Group Financial Review M N C Wireless Berhad (635884-T) annual report 2011 CONTENTS 02 Corporate Information 03 Corporate Structure 04 Corporate Milestones 05 Group Financial Review ANNUAL GENERAL MEETING 06 Notice of Annual

More information

IOI PROPERTIES GROUP BERHAD (Company Registration No A) (Incorporated in Malaysia)

IOI PROPERTIES GROUP BERHAD (Company Registration No A) (Incorporated in Malaysia) IOI PROPERTIES GROUP BERHAD (Company Registration No. 1035807-A) (Incorporated in Malaysia) NOTICE IS HEREBY GIVEN THAT the Sixth Annual General Meeting ( Sixth AGM ) of the Company will be held at Millennium

More information

About Us. Vision & Mission. Corporate Information. Corporate Structure. Chairman s Statement. List of Properties. Appendix 1.

About Us. Vision & Mission. Corporate Information. Corporate Structure. Chairman s Statement. List of Properties. Appendix 1. ANNUAL REPORT 2016 1 About Us 2 Vision & Mission 2 Corporate Information 4 Corporate Structure 5 7 9 Chairman s Statement 11 13 16 27 30 33 91 List of Properties 93 94 Appendix 1 98 Form of Proxy 2 PECCA

More information

2. To approve a first and final single tier dividend of 2.75% or 2.75 sen per ordinary share for the financial year ended 31 December 2016.

2. To approve a first and final single tier dividend of 2.75% or 2.75 sen per ordinary share for the financial year ended 31 December 2016. NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 46 th Annual General Meeting ( AGM ) of Malaysian Resources Corporation Berhad ( MRCB or the Company ) will be held at Mahkota Ballroom

More information

Contents. Notice of Annual General Meeting 2. Statement Accompanying Notice of Annual General Meeting 6. Corporate Information 7. Board of Directors 8

Contents. Notice of Annual General Meeting 2. Statement Accompanying Notice of Annual General Meeting 6. Corporate Information 7. Board of Directors 8 Contents Notice of Annual General Meeting 2 Statement Accompanying Notice of Annual General Meeting 6 Corporate Information 7 Board of Directors 8 Group Structure 11 5 Years Group Financial Highlight 12

More information

TABLE OF CONTENTS

TABLE OF CONTENTS (97092-W) www.ffhb.com.my ANNUAL REPORT 2017 TABLE OF CONTENTS 2 Notice of Annual General Meeting 8 Corporate Information 9 Audit and Risk Management Committee Report 11 Corporate Governance Statement

More information

DIALOG GROUP BERHAD (Company Number: V) (Incorporated in Malaysia)

DIALOG GROUP BERHAD (Company Number: V) (Incorporated in Malaysia) THIS STATEMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant

More information

NOTICE OF ANNUAL GENERAL MEETING

NOTICE OF ANNUAL GENERAL MEETING NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE TWENTY-FIFTH ANNUAL GENERAL MEETING OF AXIATA GROUP BERHAD ( AXIATA OR COMPANY ) WILL BE HELD AT THE GRAND BALLROOM, 1ST FLOOR, SIME DARBY

More information

2. To declare a final single tier dividend of 17.0 sen per ordinary share for the financial year ended 30 June Refer to Explanatory Note 2

2. To declare a final single tier dividend of 17.0 sen per ordinary share for the financial year ended 30 June Refer to Explanatory Note 2 350 SIME DARBY ANNUAL REPORT 2017 Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting (AGM) of Sime Darby Berhad (Sime Darby or Company) will be held at the

More information

THIS STATEMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

THIS STATEMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION THIS STATEMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to the course of action to take, you should consult your stockbroker, solicitor, accountant, bank manager or

More information

MULPHA INTERNATIONAL BHD (Company No T)

MULPHA INTERNATIONAL BHD (Company No T) (Company No. 19764-T) MINUTES OF THE 43 RD ANNUAL GENERAL MEETING OF THE COMPANY HELD AT LEVEL 11, MENARA MUDAJAYA, NO. 12A, JALAN PJU 7/3, MUTIARA DAMANSARA, 47810 PETALING JAYA, SELANGOR DARUL EHSAN

More information

SUMATEC RESOURCES BERHAD ( D) (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING

SUMATEC RESOURCES BERHAD ( D) (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING SUMATEC RESOURCES BERHAD (428335-D) (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Seventeenth Annual General Meeting ( 17 th AGM ) of the Company will be held

More information

C ONTENTS. Corporate Information 1. Notice Of Annual General Meeting 2-4. Statement Accompanying Notice Of Annual General Meeting 5

C ONTENTS. Corporate Information 1. Notice Of Annual General Meeting 2-4. Statement Accompanying Notice Of Annual General Meeting 5 C ONTENTS Corporate Information 1 Notice Of Annual General Meeting 2-4 Statement Accompanying Notice Of Annual General Meeting 5 Chairman s Statement 6 Profile Of The Directors 7-9 Statement On Corporate

More information

Notice of Annual General Meeting

Notice of Annual General Meeting Notice of NOTICE IS HEREBY GIVEN THAT THE TWENTY-SECOND ANNUAL GENERAL MEETING OF AXIATA GROUP BERHAD ( AXIATA OR THE COMPANY ) WILL BE HELD AT THE GRAND BALLROOM, 1ST FLOOR, SIME DARBY CONVENTION CENTRE,

More information

TIEN WAH PRESS HOLDINGS BERHAD (Company No K)

TIEN WAH PRESS HOLDINGS BERHAD (Company No K) MINUTES OF THE TWENTY-SECOND ANNUAL GENERAL MEETING OF THE COMPANY HELD AT ATLANTA EAST, LEVEL 3, ARMADA HOTEL, LOT 6, LORONG UTARA C, SECTION 52, 46200 PETALING JAYA, SELANGOR DARUL EHSAN ON THURSDAY,

More information

VISDYNAMICS HOLDINGS BERHAD (Company No.: M) (Incorporated in Malaysia under the Companies Act 1965)

VISDYNAMICS HOLDINGS BERHAD (Company No.: M) (Incorporated in Malaysia under the Companies Act 1965) THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant or other

More information

WOODLANDOR HOLDINGS BERHAD ( D)

WOODLANDOR HOLDINGS BERHAD ( D) WOODLANDOR HOLDINGS BERHAD (376693-D) ANNUAL REPORT 2016 CONTENTS Notice of the 21 st Annual General Meeting 2 Corporate Information 5 Profile of the Members of the Board 6 Chairman s Statement and Management

More information

CORPORATE GOVERNANCE Ensuring Compliance and Conformity

CORPORATE GOVERNANCE Ensuring Compliance and Conformity CORPORATE GOVERNANCE Ensuring Compliance and Conformity CORPORATE GOVERNANCE STATEMENT ON CORPORATE GOVERNANCE INTRODUCTION The Board of Directors ( Board ) of ZHULIAN (the Company ) supports the Principles

More information

CONTENTS. Notice of Fifteenth Annual General Meeting. Statement Accompanying Notice of Fifteenth Annual General Meeting

CONTENTS. Notice of Fifteenth Annual General Meeting. Statement Accompanying Notice of Fifteenth Annual General Meeting 2008 CONTENTS 02 Notice of Fifteenth Annual General Meeting 05 Statement Accompanying Notice of Fifteenth Annual General Meeting 06 07 09 12 16 21 23 81 82 Corporate Information Executive Chairman s Statement

More information

Group Information. List of Properties. Group Directory. Form of Proxy

Group Information. List of Properties. Group Directory. Form of Proxy 02 Corporate Information 42 Corporate Social Responsibilities 03 Notice of Annual General Meeting 44 Statement on Risk Management and Internal Control 09 Profile of Directors 47 Group Information 12 Group

More information

WESTPORTS HOLDINGS BERHAD (Company No A) SUMMARY OF KEY MATTERS DISCUSSED AT THE 25 TH ANNUAL GENERAL MEETING

WESTPORTS HOLDINGS BERHAD (Company No A) SUMMARY OF KEY MATTERS DISCUSSED AT THE 25 TH ANNUAL GENERAL MEETING Page 1 of 5 SUMMARY OF KEY MATTERS DISCUSSED AT THE 25 TH ANNUAL GENERAL MEETING VENUE: BALLROOM 1, SIME DARBY CONVENTION CENTRE 1A JALAN BUKIT KIARA 1 60000 KUALA LUMPUR DATE: TUESDAY, 24 APRIL 2018 TIME:

More information

OPCOM HOLDINGS BERHAD ( W) (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING

OPCOM HOLDINGS BERHAD ( W) (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING OPCOM HOLDINGS BERHAD (322661-W) (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twentieth Annual General Meeting of the Company will be held at Ballroom 1,

More information

Genting Hong Kong Limited (Continued into Bermuda with limited liability) (Stock Code: 678)

Genting Hong Kong Limited (Continued into Bermuda with limited liability) (Stock Code: 678) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Malakoff Corporation Berhad ( V) (Incorporated in Malaysia)

Malakoff Corporation Berhad ( V) (Incorporated in Malaysia) A Member of MMC Group Malakoff Corporation Berhad (731568-V) (Incorporated in Malaysia) NOTICE IS HEREBY GIVEN THAT THE ELEVENTH ANNUAL GENERAL MEETING ( AGM ) OF MEMBERS OF MALAKOFF CORPORATION BERHAD

More information

Notice of Annual General Meeting 2 3. Corporate Information 4. Corporate Structure 5. Chairman s Statement 6 7. Directors Profile 8 11

Notice of Annual General Meeting 2 3. Corporate Information 4. Corporate Structure 5. Chairman s Statement 6 7. Directors Profile 8 11 Contents Notice of Annual General Meeting 2 3 Corporate Information 4 Corporate Structure 5 Chairman s Statement 6 7 Directors Profile 8 11 Corporate Social Responsibility 12 14 Statement on Corporate

More information

MNC Wireless Berhad ( T) ANNUAL REPORT 2007

MNC Wireless Berhad ( T) ANNUAL REPORT 2007 MNC Wireless Berhad (635884-T) ANNUAL REPORT 2007 Section Contents Page Corporate Information i Corporate Structure iii Corporate Milestones iv A ANNUAL GENERAL MEETING Notice of Annual General Meeting

More information

WING TAI MALAYSIA BERHAD (Company No D) (Incorporated in Malaysia)

WING TAI MALAYSIA BERHAD (Company No D) (Incorporated in Malaysia) KEY SUMMARY OF MINUTES OF THE FIFTIETH ANNUAL GENERAL MEETING OF THE COMPANY HELD AT BOEING 2 & 3, LEVEL 1, SAMA-SAMA HOTEL, KL INTERNATIONAL AIRPORT, JALAN CTA 4B, 64000 KLIA, SEPANG, SELANGOR DARUL EHSAN

More information

FIAMMA HOLDINGS BERHAD (Company No W)

FIAMMA HOLDINGS BERHAD (Company No W) FIAMMA HOLDINGS BERHAD (Company No. 88716-W) SUMMARY OF KEY MATTERS DISCUSSED AT THE THIRTY-FOURTH ANNUAL GENERAL MEETING ( AGM ) OF THE COMPANY HELD AT THE MAIN BOARD ROOM, LEVEL 10, WISMA FIAMMA, NO.

More information

Contents notice of annual general meeting statement accompanying notice of annual general meeting corporate information group corporate structure

Contents notice of annual general meeting statement accompanying notice of annual general meeting corporate information group corporate structure Contents notice of annual general meeting 2 statement accompanying notice of annual general meeting 5 corporate information 6 group corporate structure 8 profile of directors 9 financial summary 12 chairman

More information

ANNUAL REPORT Notice of Nineteenth Annual General Meeting. Statement Accompanying Notice of Annual General Meeting

ANNUAL REPORT Notice of Nineteenth Annual General Meeting. Statement Accompanying Notice of Annual General Meeting WATTA HOLDING BERHAD (324384-A) Notice of Nineteenth Annual General Meeting Statement Accompanying Notice of Annual General Meeting Corporate Information Chairman s Letter to Shareholders Profile of The

More information

NOTICE OF ANNUAL GENERAL MEETING

NOTICE OF ANNUAL GENERAL MEETING NOTICE OF ANNUAL GENERAL MEETING 21 NOTICE OF ANNUAL GENERAL MEETING OWN SHARES BY THE COMPANY 22 NOTICE OF ANNUAL GENERAL MEETING AND THAT authority be and is hereby given unconditionally and generally

More information

SYMPHONY HOUSE BERHAD

SYMPHONY HOUSE BERHAD THIS STATEMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action you should take, you should consult your stockbroker, bank manager, solicitor, accountant

More information

QL RESOURCES BERHAD ( X) (Incorporated in Malaysia)

QL RESOURCES BERHAD ( X) (Incorporated in Malaysia) QL RESOURCES BERHAD (428915-X) (Incorporated in Malaysia) Minutes of the Company s 20 th Annual General Meeting held at Saujana Ballroom, Saujana Resort, Jalan Lapangan Terbang SAAS, 40150 Shah Alam, Selangor

More information

Cocoaland Holdings Berhad (Company No H) Annual Report 2006

Cocoaland Holdings Berhad (Company No H) Annual Report 2006 Cocoaland Holdings Berhad (Company No. 516019-H) Annual Report 2006 contents NOTICE OF ANNUAL GENERAL MEETING 2 CORPORATE INFORMATION 4 CORPORATE STRUCTURE 5 DIRECTORS PROFILE 6 CHAIRMAN S STATEMENT 8

More information

SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD (Company No: 3327 U) Incorporated in Malaysia

SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD (Company No: 3327 U) Incorporated in Malaysia SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD (Company No: 3327 U) Incorporated in Malaysia 2010 A N N U A L R E P O R T C O N T E N T S Page NOTICE OF ANNUAL GENERAL MEETING 2-4 APPENDIX A 5-8 CORPORATE

More information

Analysis of Corporate Governance Disclosures in Annual Reports. Annual Reports

Analysis of Corporate Governance Disclosures in Annual Reports. Annual Reports Analysis of Corporate Governance Disclosures in Annual Reports Annual Reports 2012-2013 December 2014 Contents Executive Summary 1 Principle 1: Establish Clear Roles and Responsibilities 10 Principle 2:

More information

CORPORATE GOVERNANCE REPORT

CORPORATE GOVERNANCE REPORT The Board of Directors (the Board or the Directors ) of ISOTeam Ltd. (the Company ) is committed to maintaining a high standard of corporate governance within the Company and its subsidiaries (the Group

More information

ECOFIRST CONSOLIDATED BHD (Company No V) (Incorporated in Malaysia)

ECOFIRST CONSOLIDATED BHD (Company No V) (Incorporated in Malaysia) ECOFIRST CONSOLIDATED BHD (Company No. 15379-V) (Incorporated in Malaysia) Minutes of the Forty-Fourth Annual General Meeting of the Company held at Ballroom 1, Level 5, Summit Hotel Subang USJ, Persiaran

More information

SCOMI GROUP BHD (Company No: A)

SCOMI GROUP BHD (Company No: A) SCOMI GROUP BHD (Company No: 571212-A) MINUTES OF THE FOURTEENTH ANNUAL GENERAL MEETING OF SCOMI GROUP BHD ( SGB or the Company ) HELD AT BANQUET HALL, 1 ST FLOOR, KUALA LUMPUR GOLF & COUNTRY CLUB, 10

More information

HEINEKEN MALAYSIA BERHAD (Company No: 5350-X)

HEINEKEN MALAYSIA BERHAD (Company No: 5350-X) (Company No: 5350-X) MINUTES OF THE 54 TH ANNUAL GENERAL MEETING ( AGM ) OF HEINEKEN MLAYSIA BERHAD ( HEINEKEN MALAYSIA OR THE COMPANY ) HELD AT GRAND BALLROOM, CONNEXION @ NEXUS, NO. 7 JALAN KERINCHI,

More information

CYCLE & CARRIAGE BINTANG BERHAD (Company No: 7378-D) (Incorporated in Malaysia)

CYCLE & CARRIAGE BINTANG BERHAD (Company No: 7378-D) (Incorporated in Malaysia) CYCLE & CARRIAGE BINTANG BERHAD (Company No: 7378-D) (Incorporated in Malaysia) MINUTES OF THE FORTY-NINTH ANNUAL GENERAL MEETING ( 49 TH AGM ) OF CYCLE & CARRIAGE BINTANG BERHAD HELD AT CONCORDE BALLROOM

More information

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant

More information

CHOO BEE METAL INDUSTRIES BERHAD (Company No A) (Incorporated in Malaysia)

CHOO BEE METAL INDUSTRIES BERHAD (Company No A) (Incorporated in Malaysia) ` THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in doubt as to the course of action you should take, you should consult your stockbroker, bank manager, solicitor, accountant

More information

ANNUAL REPORT. RSPO SECRETARIAT SDN BHD ( K) (Incorporated in Malaysia)

ANNUAL REPORT. RSPO SECRETARIAT SDN BHD ( K) (Incorporated in Malaysia) ANNUAL REPORT RSPO SECRETARIAT SDN BHD (787510-K) (Incorporated in Malaysia) 2009 CONTENTS 1 Corporate information 2-4 Directors report 5 Directors statement 5 Statutory declaration 6-7 Independent auditors

More information

CHOO BEE METAL INDUSTRIES BERHAD (Company No A) (Incorporated in Malaysia)

CHOO BEE METAL INDUSTRIES BERHAD (Company No A) (Incorporated in Malaysia) ` THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in doubt as to the course of action you should take, you should consult your stockbroker, bank manager, solicitor, accountant

More information

Genting Hong Kong Limited (Continued into Bermuda with limited liability) (Stock Code: 678)

Genting Hong Kong Limited (Continued into Bermuda with limited liability) (Stock Code: 678) THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this document or as to the action to be taken, you should consult a stockbroker or other registered

More information

SINGAPORE POST LIMITED

SINGAPORE POST LIMITED SINGAPORE POST LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 199201623M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE 25 TH ANNUAL GENERAL MEETING

More information

AHB HOLDINGS BERHAD A

AHB HOLDINGS BERHAD A AHB HOLDINGS BERHAD 274909-A ANNUAL REPORT 2012 Table of Contents Page 2 Page 3 Page 4 Page 5 Page 7 Page 11 Page17 Page19 Page FS1-62 Page 21 Page 25 Page 26 Page 27 Corporate Information Group Corporate

More information

The Notice of Thirty-Fifth Annual General Meeting

The Notice of Thirty-Fifth Annual General Meeting NOTICE IS HEREBY GIVEN that the Thirty-Fifth Annual General Meeting of the Company will be held at The Auditorium, Podium 1, Menara MAA, No. 12 Jalan Dewan Bahasa, 50460 Kuala Lumpur on Tuesday, 29 June

More information

CONTENTS NOTICE OF ANNUAL GENERAL MEETING 2 CORPORATE INFORMATION 5 EXECUTIVE CHAIRMAN S STATEMENT 7 DIRECTORS INFORMATION 8

CONTENTS NOTICE OF ANNUAL GENERAL MEETING 2 CORPORATE INFORMATION 5 EXECUTIVE CHAIRMAN S STATEMENT 7 DIRECTORS INFORMATION 8 CONTENTS PAGE NOTICE OF ANNUAL GENERAL MEETING 2 CORPORATE INFORMATION 5 EXECUTIVE CHAIRMAN S STATEMENT 7 DIRECTORS INFORMATION 8 STATEMENT OF CORPORATE GOVERNANCE 10 STATEMENT OF CORPORATE SOCIAL RESPONSIBILITY

More information

MELEWAR INDUSTRIAL GROUP BERHAD (Co. Reg. No W) (Incorporated in Malaysia)

MELEWAR INDUSTRIAL GROUP BERHAD (Co. Reg. No W) (Incorporated in Malaysia) (Co. Reg. No. 8444-W) (Incorporated in Malaysia) SUMMARY OF MINUTES OF THE FORTY-SEVENTH (47 TH ) ANNUAL GENERAL MEETING OF THE MEMBERS OF THE COMPANY HELD AT CRYSTAL FUNCTION ROOM, 4 TH FLOOR, MUTIARA

More information

TALIWORKS CORPORATION BERHAD (6052-V) (Incorporated in Malaysia) MINUTES OF EXTRAORDINARY GENERAL MEETING

TALIWORKS CORPORATION BERHAD (6052-V) (Incorporated in Malaysia) MINUTES OF EXTRAORDINARY GENERAL MEETING (Incorporated in Malaysia) MINUTES OF EXTRAORDINARY GENERAL MEETING Date : Monday, 1 October 2018 Time : 11.30 a.m. Venue : Banyan, Casuarina and Dillenia Room (Ground Floor) Sime Darby Convention Centre

More information

Annual General Meeting

Annual General Meeting annual report 2014 APEX EQUITY HOLDINGS BERHAD (208232-A) Annual Report 2014 25 th Annual General Meeting Date : 11th June 2015 Time : 11.00 a.m. Venue : Conference Room, 10th Floor, Menara Apex, Off Jalan

More information

Annual Report. for the Financial Period Ended 31 December TA Global Berhad. TA Global Berhad Annual Report ( P)

Annual Report. for the Financial Period Ended 31 December TA Global Berhad. TA Global Berhad Annual Report ( P) Annual Report for the Financial Period Ended 31 December 2015 TA Global Berhad TA Global Berhad Annual Report 1 ( 828855-P) Malaysia Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603-2072

More information

SIME DARBY BERHAD (Company No U) (Incorporated in Malaysia)

SIME DARBY BERHAD (Company No U) (Incorporated in Malaysia) SIME DARBY BERHAD (Company No. 752404-U) (Incorporated in Malaysia) SUMMARY OF KEY MATTERS DISCUSSED AT THE EXTRAORDINARY GENERAL MEETING OF SIME DARBY BERHAD HELD AT THE GRAND BALLROOM, FIRST FLOOR SIME

More information

FIBON FIBON BERHAD( H) ANNUAL REPORT

FIBON FIBON BERHAD( H) ANNUAL REPORT FIBON 2 0 1 6 FIBON BERHAD(811010-H) ANNUAL REPORT [This page intentionally left blank] CONTENTS Corporate Information Profile of Directors Chairman s Statement Group Structure Financial Highlights Audit

More information

PINTARAS JAYA BERHAD ( H)

PINTARAS JAYA BERHAD ( H) A N N U A L R E P O R T 2 0 1 8 PINTARAS JAYA BERHAD (189900-H) Contents 2 NOTICE OF ANNUAL GENERAL MEETING 6 CORPORATE INFORMATION 7 PROFILE OF DIRECTORS 9 PROFILE OF KEY SENIOR MANAGEMENT 10 An Overview

More information

2016 A N N U A L R E P O R T

2016 A N N U A L R E P O R T DEVELOPMENT BERHAD Incorporated in Malaysia (COMPANY NO: 7573 V) 2016 A N N U A L R E P O R T C O N T E N T S NOTICE OF ANNUAL GENERAL MEETING 2-5 STATEMENT ACCOMPANYING NOTICE OF ANNUAL GENERAL MEETING

More information

BOARD OF DIRECTORS P.5 CHAIRMAN S STATEMENTS AND REVIEW OF OPERATIONS P.7 STATEMENT ON CORPORATE GOVERNANCE P.9 ADDITIONAL COMPLIANCE INFORMATION

BOARD OF DIRECTORS P.5 CHAIRMAN S STATEMENTS AND REVIEW OF OPERATIONS P.7 STATEMENT ON CORPORATE GOVERNANCE P.9 ADDITIONAL COMPLIANCE INFORMATION INSIDE THIS ANNUAL REPORT P.2 P.3 P.4 CORPORATE INFORMATION CORPORATE STRUCTURE FIVE YEARS GROUP FINANCIAL HIGHLIGHTS P.5 P.7 P.9 BOARD OF DIRECTORS CHAIRMAN S STATEMENTS AND REVIEW OF OPERATIONS STATEMENT

More information

ENRA GROUP BERHAD (Company No T)

ENRA GROUP BERHAD (Company No T) ENRA GROUP BERHAD (Company No. 236800-T) SUMMARY OF THE MINUTES OF THE TWENTY-FIFTH ANNUAL GENERAL MEETING OF THE COMPANY HELD AT FUNCTION ROOM 1 & 2, 1 ST FLOOR, MAIN LOBBY, TPC KUALA LUMPUR (KUALA LUMPUR

More information

Auditors Messrs Ernst & Young Chartered Accountants Level 23A, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Kuala Lumpur

Auditors Messrs Ernst & Young Chartered Accountants Level 23A, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Kuala Lumpur 9 DiGi.Com Berhad (425190-X) Corporate Information Board of Directors Arve Johansen Chairman Tan Sri Datuk Amar Leo Moggie (Appointed on 10 May 2005) Dato Ab. Halim Bin Mohyiddin Christian Storm Director

More information

SINGAPORE POST LIMITED

SINGAPORE POST LIMITED SINGAPORE POST LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 199201623M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE 24 TH ANNUAL GENERAL MEETING

More information

PALETTE MULTIMEDIA BERHAD

PALETTE MULTIMEDIA BERHAD THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant

More information

NOTICE OF ANNUAL GENERAL MEETING

NOTICE OF ANNUAL GENERAL MEETING NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth (14 th ) Annual General Meeting ( AGM ) of the Majuperak Holdings Berhad ( MHB or the Company ) will be held at Aman Jaya Convention

More information

KLUANG RUBBER COMPANY (MALAYA) BERHAD (3441-K) (Incorporated in Malaysia)

KLUANG RUBBER COMPANY (MALAYA) BERHAD (3441-K) (Incorporated in Malaysia) C O N T E N T S Page NOTICE OF ANNUAL GENERAL MEETING 2-4 CORPORATE INFORMATION 5-6 CHAIRMAN'S STATEMENT 7 STATEMENT ON CORPORATE GOVERNANCE 8-15 STATEMENT OF INTERNAL CONTROL 16-17 AUDIT COMMITTEE REPORT

More information

KUMPULAN FIMA BERHAD (Company No V)

KUMPULAN FIMA BERHAD (Company No V) KUMPULAN FIMA BERHAD (Company No. 11817-V) SUMMARY OF MINUTES OF THE 45 TH ANNUAL GENERAL MEETING VENUE : DEWAN BERJAYA BUKIT KIARA EQUESTRIAN & COUNTRY RESORT JALAN BUKIT KIARA, OFF JALAN DAMANSARA 60000

More information

MALAYSIA AICA BERHAD

MALAYSIA AICA BERHAD THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant

More information

SGSB is a 99.99%-owned subsidiary of Sunsuria and is principally engaged in investment holding.

SGSB is a 99.99%-owned subsidiary of Sunsuria and is principally engaged in investment holding. SUNSURIA BERHAD ("SUNSURIA" OR THE COMPANY") PROPOSED JOINT VENTURE BETWEEN SUNSURIA CITY SDN. BHD. (FORMERLY KNOWN AS SIME DARBY SUNSURIA DEVELOPMENT SDN. BHD.) ( SCSB ), SUNSURIA GATEWAY SDN. BHD. (

More information

A N N U A L R E P O R T

A N N U A L R E P O R T DEVELOPMENT BERHAD Incorporated in Malaysia (COMPANY NO: 7573 V) 2014 A N N U A L R E P O R T C O N T E N T S NOTICE OF ANNUAL GENERAL MEETING 2-5 CORPORATE INFORMATION 6-7 CHAIRMAN'S STATEMENT 8-9 STATEMENT

More information

SKP RESOURCES BERHAD (Company No T) (Incorporated in Malaysia) NOTICE TO WARRANT HOLDERS IN RELATION TO

SKP RESOURCES BERHAD (Company No T) (Incorporated in Malaysia) NOTICE TO WARRANT HOLDERS IN RELATION TO THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant or

More information

ANNUAL REPORT KESM INDUSTRIES BERHAD (13022-A) KESM INDUSTRIES BERHAD ANNUAL REPORT

ANNUAL REPORT KESM INDUSTRIES BERHAD (13022-A) KESM INDUSTRIES BERHAD ANNUAL REPORT ANNUAL REPORT 2015 KESM INDUSTRIES BERHAD (13022-A) KESM INDUSTRIES BERHAD ANNUAL REPORT 2015 1 Semiconductors are used in all tech gadgets. These chips are becoming faster and smarter, offering seamless

More information

(14948-M) (A Participating Organisation of Bursa Malaysia Securities Berhad)

(14948-M) (A Participating Organisation of Bursa Malaysia Securities Berhad) THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant

More information

ENVIRONMENTAL PRESERVATION

ENVIRONMENTAL PRESERVATION the FELDA settlements in the Peninsular. It was a unique experience for many of the students to stay with their host families and immerse themselves in a vastly different way of life and culture. The Students

More information

MYCRON STEEL BERHAD (Co. Reg. No D) (Incorporated in Malaysia)

MYCRON STEEL BERHAD (Co. Reg. No D) (Incorporated in Malaysia) MYCRON STEEL BERHAD (Co. Reg. No. 622819-D) (Incorporated in Malaysia) SUMMARY OF MINUTES OF THE 14 TH ANNUAL GENERAL MEETING OF THE COMPANY HELD AT THE CRYSTAL FUNCTION ROOM, 4TH FLOOR, MUTIARA COMPLEX,

More information

CHINESE ESTATES HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 127)

CHINESE ESTATES HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 127) THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer

More information

L A P O R A N TA H U N A N

L A P O R A N TA H U N A N L A P O R A N TA H U N A N 2011 A N N U A L R E P O R T C O N T E N T S Notice of Annual General Meeting 2 Profile of Directors 4 Corporate Information 8 Executive Chairman s Statement 9 Statement of Corporate

More information

Notice of Annual General Meeting

Notice of Annual General Meeting cocoaland Holdings Berhad (516019-H) Annual Report 2007 Contents Notice of Annual General Meeting 2 Corporate Information 4 Corporate Structure 5 Directors Profile 6 Chairman s Statement 9 Statement on

More information

CIRCULAR TO SHAREHOLDERS IN RELATION TO

CIRCULAR TO SHAREHOLDERS IN RELATION TO THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to the course of action you should take, you should consult your stockbroker, bank manager, solicitor, accountant

More information

ANNUAL REPORT EASTLAND EQUITY BHD. EASTLAND EQUITY BHD ( A)

ANNUAL REPORT EASTLAND EQUITY BHD.  EASTLAND EQUITY BHD ( A) EASTLAND EQUITY BHD (515965-A) EASTLAND EQUITY BHD ANNUAL REPORT (515965-A) 24 Jalan 8/23E Taman Danau Kota Setapak 53300 Kuala Lumpur Tel: 603-4149 8200 Fax: 603-4149 8210 2012 www.eeb.com.my ANNUAL REPORT

More information

ANNUAL REPORT. Vivocom Intl Holdings Berhad ( D)

ANNUAL REPORT. Vivocom Intl Holdings Berhad ( D) ANNUAL REPORT 16 Vivocom Intl Holdings Berhad (596299-D) CONTENTS 2 3 5 6 7 9 16 19 21 Financial Highlights Chairman s Statement Corporate Profile Corporate Information Directors Profile Corporate Governance

More information

2. AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2016

2. AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2016 IALG GROUP DIALOG GROUP BERHAD (178694 V) (Company No. 178694-V) (Incorporated in Malaysia) Minutes of the Twenty-Eighth Annual General Meeting of Dialog Group Berhad (Dialog or Company) held at Ballroom

More information

THIS STATEMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

THIS STATEMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THIS STATEMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in doubt as to the course of action you should take, please consult your Stockbroker, Bank Manager, Solicitor, Accountant or

More information

HUAT LAI RESOURCES BERHAD. (Incorporated in Malaysia) ( T) Annual Report

HUAT LAI RESOURCES BERHAD. (Incorporated in Malaysia) ( T) Annual Report HUAT LAI RESOURCES BERHAD (Incorporated in Malaysia) (323273-T) Annual Report 2015 Contents 2 Notice of Annual General Meeting 6 Corporate Information 7 Group Structure 8 Directors Profile 10 Chairman

More information

FUBON BANK (HONG KONG) LIMITED (Incorporated in Hong Kong under the Companies Ordinance) (Stock Code: 636)

FUBON BANK (HONG KONG) LIMITED (Incorporated in Hong Kong under the Companies Ordinance) (Stock Code: 636) THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this Circular or as to the action to be taken, you should consult your stockbroker or other

More information

SEG INTERNATIONAL BHD (Company No.: U) (Incorporated in Malaysia under the Companies Act, 1965)

SEG INTERNATIONAL BHD (Company No.: U) (Incorporated in Malaysia under the Companies Act, 1965) THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to take, you should consult your stockbroker, solicitor, accountant, bank manager or

More information

corporate highlights and events

corporate highlights and events corporate highlights and events Corporate Functions, Dinners and Awards Ceremonies Company Trip and Convention Recreational Activities 11 profile of directors Datuk Kamaludin Bin Yusoff, aged 66, was appointed

More information

NOTICE OF ANNUAL GENERAL MEETING

NOTICE OF ANNUAL GENERAL MEETING Contents 2 Notice of Annual General Meeting 4 Statement Accompanying Notice of Annual General Meeting 5 Corporate Information 6 Corporate Structure 7 Directors Profile 9 Chairman s Statement 11 Statement

More information

ANNUAL REPORT AN INTEGRATED PLASTIC MANUFACTURER

ANNUAL REPORT AN INTEGRATED PLASTIC MANUFACTURER ANNUAL REPORT 16 AN INTEGRATED PLASTIC MANUFACTURER CONTENTS 02 NOTICE OF ANNUAL GENERAL MEETING 31 FINANCIAL STATEMENTS 05 CORPORATE INFORMATION 98 ANALYSIS OF SHAREHOLDINGS 06 CORPORATE STRUCTURE 101

More information

CONTENTS. Corporate Information. Statement of Directors Responsibility for Preparing the Financial Statements. Corporate Structure

CONTENTS. Corporate Information. Statement of Directors Responsibility for Preparing the Financial Statements. Corporate Structure CONTENTS Corporate Information Corporate Structure Directors Profile Chairman s Statement Statement on Corporate Governance Audit Committee Report Statement on Internal Control 2 3 4 8 10 16 20 Statement

More information

Corporate Information 5. Profile of Directors 7. Chairman's Statement 11. Statement by Directors 91. Statutory Declaration 91. Group Properties 95

Corporate Information 5. Profile of Directors 7. Chairman's Statement 11. Statement by Directors 91. Statutory Declaration 91. Group Properties 95 Contents Notice of Annual General Meeting 2 Statement Accompanying Notice of Annual General Meeting 4 Corporate Information 5 Group Financial Highlights 6 Profile of Directors 7 Chairman's Statement 11

More information

GROUP FINANCIAL HIGHLIGHTS

GROUP FINANCIAL HIGHLIGHTS Contents Page Group Financial Highlights 1 Vision & Mission Statement 2 Notice Of Annual General Meeting 3 Corporate Information 5 Profile Of Board Of Directors 6 Profile Of Key Senior Management 8 Corporate

More information

Annual Report 2010 FURQAN BUSINESS ORGANISATION BERHAD FURQAN BUSINESS ORGANISATION BERHAD ( A)

Annual Report 2010 FURQAN BUSINESS ORGANISATION BERHAD FURQAN BUSINESS ORGANISATION BERHAD ( A) FURQAN BUSINESS ORGANISATION BERHAD (515965-A) 24 Jalan 8/23E Taman Danau Kota Setapak 53300 Kuala Lumpur Tel: 603-4149 8200 Fax: 603-4149 8210 Website: www.fbo.com.my FURQAN BUSINESS ORGANISATION BERHAD

More information

YTL Land & Development Berhad Company No M

YTL Land & Development Berhad Company No M YTL Land & Development Berhad Company No. 1116-M SEVENTY-SEVENTH ANNUAL GENERAL MEETING ( AGM ) HELD AT MAYANG SARI GRAND BALLROOM, LOWER LEVEL 3, JW MARRIOTT HOTEL KUALA LUMPUR, 183, JALAN BUKIT BINTANG,

More information

(Company No: 3441 K) Incorporated in Malaysia 2017 A N N U A L R E P O R T

(Company No: 3441 K) Incorporated in Malaysia 2017 A N N U A L R E P O R T (Company No: 3441 K) Incorporated in Malaysia 2017 A N N U A L R E P O R T C O N T E N T S NOTICE OF ANNUAL GENERAL MEETING 2-6 CORPORATE INFORMATION 7-8 CHAIRMAN'S STATEMENT 9 MANAGEMENT DISCUSSION &

More information

COCOALAND HOLDINGS BERHAD (Company No H) (Incorporated in Malaysia)

COCOALAND HOLDINGS BERHAD (Company No H) (Incorporated in Malaysia) COCOALAND HOLDINGS BERHAD (Company No. 516019-H) (Incorporated in Malaysia) SUMMARY OF KEY MATTERS DISCUSSED DURING 18 TH ANNUAL GENERAL MEETING ( AGM ) OF COCOALAND HOLDINGS BERHAD DULY CONVENED AND HELD

More information

02 Notice of Annual General Meeting 04 Statement Accompanying

02 Notice of Annual General Meeting 04 Statement Accompanying Contents 02 Notice of Annual General Meeting 04 Statement Accompanying Notice of Annual General Meeting 05 Corporate Information 06 Corporate Structure 07 Directors Profile 12 Chairman s Statement 14 Financial

More information

HIAP HUAT HOLDINGS BERHAD (Company No: M) (Incorporated in Malaysia under the Companies Act, 1965)

HIAP HUAT HOLDINGS BERHAD (Company No: M) (Incorporated in Malaysia under the Companies Act, 1965) HIAP HUAT HOLDINGS BERHAD (Company No: 881993-M) (Incorporated in Malaysia under the Companies Act, 1965) ANNUAL REPORT 2012 Contents 2 CORPORATE INFORMATION 4 DIRECTORS PROFILE 7 CHAIRMAN STATEMENT 9

More information

(Company No D) Annual Report 2015

(Company No D) Annual Report 2015 (Company No. 863263-D) Annual Report 2015 CONTENTS Notice of Annual General Meeting 2 Corporate Information 5 Corporate Structure 6 Financial Highlights 7 Chairman s Statement 8 Directors Profile 10 Statement

More information