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KUALA LUMPUR: MCOM Holdings Bhd is divesting several loss-making subsidiaries with about RM5 million in net liabilities for a nominal RM514, as part of a strategic realignment.
MCOM Holdings Bhd's wholly owned subsidiary MCOM Network Sdn Bhd has entered into a digital advertising and traffic generation agreement with a South Korean company AddVersion Inc worth US$198,000 (RM775,467).
KUALA LUMPUR: MCOM Holdings Bhd’s wholly owned subsidiary MCOM Network Sdn Bhd has entered into a digital advertising and traffic generation agreement with a South Korean company AddVersion Inc (AVI) worth US$198,000 (US$1=RM3.92).
will diversify into data centre and IT hosting services as well as the sale and leasing of IT-related hardware, infrastructure and computer equipment as it seeks new sources of revenue to turn around its prospects.
It will be a relatively quiet and short working week for the nation as the local markets will be closed on Monday and Tuesday for Malaysia Day on Sept 16, plus the additional holiday on Sept 15 granted this year.
KUALA LUMPUR: Bursa Malaysia Securities Bhd (Bursa Malaysia) has publicly reprimanded MCOM Holdings Bhd for failing to announce its annual audited financial statements (AFS) for the 18-month financial period ended June 30, 2024, by the Oct 31, 2024 deadline.
KUALA LUMPUR: LEAP Market-listed MCOM Holdings Bhd said it will make a written representation to Bursa Malaysia as to why its securities should not be delisted within five market days from today.
Auditing firm HLB Ler Lum Chew said on Friday that a special notice for a resolution to remove the firm as the external auditor of Smile-Link Healthcare Global Bhd (KL:SMILE) had been immediately retracted, and that is the reason why the firm had not made any written representation on the matter
Smile-Link Healthcare Global Bhd (KL:SMILE), a LEAP Market-listed dental services provider, said its major shareholder has proposed to remove its external auditors, Messrs HLB Ler Lum Chew, following significant delays in the company's financial reporting, which have led to trading suspensions and regulatory scrutiny.
Trading in the shares of Smile-Link Healthcare Global Bhd (KL:SMILE) and MCOM Holdings Bhd (KL:MCOM) will be suspended on Friday (Nov 8) due to the two LEAP Market companies' failure to submit their annual audited financial statements for the period ended June 30, 2024, said Bursa Malaysia Securities.