Bursa Malaysia Securities Berhad (Bursa Securities)
has publicly reprimanded Golden Plus Holdings
Berhad (GPLUS) for the delay in submitting its
annual audited accounts and annual report for the
financial year ended 31 December 2009 (AAA 2009 and
AR 2009), and quarterly report for the financial
period ended 31 March 2010 (QR 1/2010).
In addition, GPLUS directors and the relevant
personnel are required to attend a training
programme on compliance with the listing
requirements, particularly pertaining to financial
statements.
Paragraphs 9.22(1) and 9.23 of the Bursa Securities
Main Market Listing Requirements (Main Market LR)
require a listed issuer to announce / issue its
quarterly report, annual audited accounts and
annual report within the following timeframe:-
- quarterly report within two months after the end
of each quarter of a financial year;
- annual audited accounts together with the
auditors' and directors' report within four months
from the close of the financial year, unless the
annual report is issued within a period of four
months from the close of the financial year;
and
- annual report that includes the annual audited
accounts together with the auditors' and directors'
report within six months from the close of the
financial year.
GPLUS's AAA 2009, which was due on 30 April 2010,
was issued on 30 July 2010 while the AR 2009, which
was due on 30 July 2010, was issued on 7 September
2010. The QR 1/2010, which was due on 31 May 2010,
was issued on 8 June 2010.
The AAA 2009, AR 2009 and QR 1/2010 were issued by
the directors after the cessation of the
Provisional Liquidator on 10 May 2010 and
finalisation of the outstanding quarterly reports
for the financial year 2009 on 31 May 2010.
The public reprimand and directive were imposed
pursuant to paragraph 16.19(1) of the Main Market
LR after taking into consideration all facts and
circumstances of the matter, including the fact
that GPLUS had committed similar breaches
previously, and upon completion of due process.
Whilst Bursa Securities has not made a finding that
any of the directors of GPLUS caused or permitted
the breach, Bursa Securities nevertheless wishes to
highlight that it is the responsibility of
directors of listed companies to ensure compliance
with the Main Market LR. The Board of Directors of
GPLUS at the material time is as follows:-
Dato' Setia Abdul Halim bin Dato' Haji Abdul
Rauf
Low Thiam Hoe (Retired on 30 September 2010)
Goh Sin Tien
Yeoh Hor San
Dato' Jeyaraj a/l V. Ratnaswamy
Dato' Yahaya bin Udin
Tan Sri Dato' Haji Lamin bin Haji Mohd Yunus
Bursa Securities views the contraventions seriously
and reminds GPLUS and its Board of Directors of
their obligation to uphold appropriate standards of
responsibility and accountability to its
shareholders and the investing public.
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