Monday, December 11th, 2017
PETALING JAYA: Asia Knight Bhd proposes to change its auditors to Messrs Crowe Horwath subject to the approval of its shareholders at an EGM to be convened.
“The board of directors of Asia Knight confirm that there were no disagreements with the existing auditors Messrs Baker Tilly Monteiro Heng on the accounting treatment within the last 12 months and that Asia Knight is not aware of any other circumstances in relation to the proposed change of auditors that should be brought to the attention of the shareholders of the company,” Asia Knight said in a stock exchange filing today.
The company had on Dec 3, 2017 received a nomination letter from shareholder See Han Liong of his intention to nominate Crowe Horwath as auditors of the company for the financial year ending June 30, 2018 (FY18) in place of the existing auditors Baker Tilly, and to hold office until the conclusion of the forthcoming AGM of the company at a remuneration to be fixed by the directors.
The company had subsequently on Dec 5, 2017 received a letter from Baker Tilly informing them of their resignation with immediate effect.
Asia Knight proposed that the resignation of Baker Tilly be accepted, and Crowe Horwath appointed in their stead for FY18 and to hold office until the conclusion of the next AGM. Authority is also sought for the directors to determine their remuneration.
PETALING JAYA: KPJ Healthcare Bhd’s 60%-owned subsidiary Selangor Specialist Hospital Sdn Bhd (SGSH) has proposed to dispose of its five-storey carpark block together with a half basement level and an open roof level (building only) in Shah Alam to Amanahraya Trustees Bhd, trustee for Al-’Aqar Healthcare REIT, for RM13 million.
SGSH has entered into a sale and purchase agreement (SPA) with the REIT Trustee for the proposed disposal.
The REIT Trustee is the registered owner of the leasehold land in Section 20, Shah Alam, together with a six-storey hospital building KPJ Selangor Specialist Hospital erected there, which is operated by SGSH.
KPJ said the REIT Trustee gave SGSH the rights to develop and construct the property and a new consultant block on the vacant part of the land, which were completed in 2012 and 2016, respectively.
“The proposed acquisition will only consist of the property (the car park). The new consultant block is proposed to be injected into Al-’Aqar at a future date to be agreed by both parties,” said KPJ.
As a condition to the exercise, SGSH will enter into a lease agreement with the REIT Trustee on behalf of Al-’Aqar, and Damansara REIT Managers Sdn Bhd, being the manager of Al-’Aqar, on the completion date of the SPA.
KPJ closed unchanged at 91 sen, with some 1.9 million shares traded.
LONDON, Dec 11 — Britain’s government said today it will create a new national economic crime centre to crack down harder on money laundering by drug dealers and people traffickers who are expected to net £90 billion pounds (RM489.9 billion)…
PETALING JAYA: Pos Malaysia Bhd yesterday announced the resignation of its group CEO Datuk Mohd Shukrie Mohd Salleh effective December 31, 2017.
“Shukrie has expressed his desire to make a career change for quite some time having served DRB-Hicom Bhd, the parent company of Pos Malaysia for 12 years including serving Pos Malaysia for five years,” it said in a filing with the stock exchange.
Pos Malaysia noted that Datuk Azlan Shahrim has been appointed as covering CEO and he will report to the board until a suitable candidate is appointed.
The stock rose 1 sen or 0.2% to close at RM5.39 on some 4.46 million shares done.
SINGAPORE, Dec 11 — Singapore Exchange Ltd plans to increase its trading fees for derivatives by up to ten times starting next year, the Financial Times reported today. Annual fees paid by proprietary trading members including international…
KUALA LUMPUR: International Trade and Industry (MITI) Minister Datuk Seri Mustapa Mohamed said the government is aware of the calls for a renewed cost-benefit analysis on the rebranded Trans-Pacific Partnership (TPP) agreement, noting the authority is still looking at it.
The TPP11 (minus the US) is now known as the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) following a discussion in Da Nang, Vietnam last month.
“Well we are not there yet. But we certainly have to do calculation on the benefits and costs. It’s not too difficult because we just have to take away the US’ part of it. We are still thinking about that and how to go forward,” Mustapa told reporters at MITI’s Hi-Tea event here today.
He said the government is also aware that the benefits of the TPP11 will not be as substantial as when US intended to be part of the trade deal.
“US is the biggest economy in the world with 20% of the world production comes from the country. But going forward, some countries have (also) expressed (their) interests to join the TPP11. “
“So from our point of view, putting the cost-benefit analysis aside, if Malaysia is not part of this deal then our country will seriously be disadvantaged,” Mustapa added.
KUALA LUMPUR, Dec 11 — The ringgit closed higher against the US dollar, on the back of encouraging October trade data amid expectation that Bank Negara Malaysia will raise interest rates next year, a dealer said. At 6pm, the local unit was…