Ghazali Haji Abu's comment on SCIB. All Comments

Ghazali Haji Abu
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Bursa Malaysia make inconsistent move in dealing with Annual report

https://www.bursamalaysia.com/.../MainCircular__May2021...

Above circular shows that Bursa Malaysia make a business friendly by granting extension for QR and Annual Report issuance.

At the same time companies QR and Annual Report due in October is not given similar friendly move.
Bursa even threaten the company for suspension.

Refer to SCIB case https://www.bursamalaysia.com/.../announcement_details...

Somehow some companies is given extension refer to Serbadk case

https://www.bursamalaysia.com/.../announcement_details...

Is it because Serbadk is suspended already then Bursa Malaysia willingly give the extension?

As the regulatory body, Bursa Malaysia have to act in a friendly manner to the market as a whole.

Hope Tan Sri Wahid Omar #TSWO can look into this, together with the recent behavior Bursa Malaysia insisting Serbadk to publish their Special Independant Review (SIR) Report despite the process is not concluded yet.

Previously, Bursa Malaysia step in when Serbadk audit is not concluded yet and the management is resolving the matter arises during the audit process causing what we can see today.

Let see how Bursa Malaysia act in the case of SCIB today Nov 8, 2021
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Mie Zar
logically SIR not concluded how to submit AR?..nothing to do with friendly move. why should bursa be friendly with problematic company?
Like · 4 years · translate