Tags: affected listed issuer | Nepline Bhd | PN17 | regularisation plan | Securities Commission
Written by The Edge Financial Daily
Tuesday, 08 September 2009 00:04
KUALA LUMPUR: Trading of affected issuer under the amended Practice Note 17 (PN17) NEPLINE BHD [] will be suspended on Sept 11 after it failed to submit its regularisation plan to the Securities Commission (SC) within the stipulated deadline.
Nepline, a chartering and shipping operator, was classified as an affected listed issuer in January after the company defaulted on several loan facilities in December 2008. It is also classified as an affected listed issuer under Practice Note 1 (PN1).
Nepline’s deadline to submit a regularisation plan to the SC and relevant authorities was Sept 5. The company courted more controversy earlier this year after the audited results for its financial year 2008 ended Dec 31 showed that its results had deviated 2,404% from its unaudited results.
In its most recent financial report for the second quarter of FY09 ended June 30, Nepline reported a net loss of RM5.29 million.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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