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Special audit and share suspension for so long.
SGX RegCo to investigate potential listing rule breaches by Regal International
SGX RegCo, the regulatory arm of the Singapore Exchange, on Friday (Sep 29) announced it will investigate potential breaches of listing rules by mainboard-listed Regal International : UV1 0%.
Regal, whose stock is suspended from trading, underwent an independent review following notices of compliance from SGX RegCo in 2021 and 2022. The reviewer, Deloitte & Touche, investigated certain transactions between Regal and its substantial shareholder, Twin Revenue.
In findings submitted to SGX RegCo and Regal&rsquo s audit committee on Friday, Deloitte made no adverse findings from its review of transactions between the company and Twin Revenue.
However, the review flagged various internal control weaknesses in Regal&rsquo s acquisition and disposal procedures, as well as potential contraventions of the listing rules. These matters were related to Regal&rsquo s disposal of its subsidiary, Upright Strategy, to Twin Revenue.
Potential breaches of the listing rules include:
Inaccurate disclosure of the relative figures computed
Incomplete disclosure of required information
Failure to consult the exchange on the application of the listing rules
Inadequate procedures and internal controls over the group&rsquo s review and approval of significant transactions
After its further investigations, SGX RegCo will refer the potential contravention of the Companies Act to the relevant authorities.
Wow
One of the top pennies of the month.
15.5cent oredi
without volume
power !!
One of the top pennies of the month.
15.5cent oredi
without volume
power !!
Actually what will happened after the MTP?
Delist?
Delist?
Funny Le... The result so good also drop.. Someone advise?
Wow today drop so much...
Najib investing in sarawak. . Will it help regal ?
Welcome to the exciting SGX Stock Market.
gravity8888 ( Date: 23-Nov-2016 17:09) Posted:
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So cute .... 100 shares can make the counter drop .07
Small buying spotted this few days ... any news coming
Up again ??? Zzzzzz
Price keep going up but no vol
Will keep flying
1. Announcement of the signing HOA with China Malaysia Qingzhou Industrial Park to develop its Halal Hub at Qingzhou, Kwangsi, China
This may be the beginning of our new model to do Industries Park capitalising on new opportunities on new iniatives in One Belt One Road Silk Road and new growth opportunities in China + Asean markets.
2. Coming up formation of company to undertake a project in Batu Pahat and perhaps subsequent release of signing up of a major project in Batu Pahat, Johore, West Malaysia.
3. Upgrading and enlarging of Kemena Heights project in Bintulu into a major project with development change by replanning to more than 500 units of currently very salable products and signing on new adjoining land.
Continuation to increase its market share in Sarawak properties market and to unleash current popular products.
4. Acquisition of a minor project/contract in Sarawak. Acquisition of a minor project/contract in Sarawak
So bro John when is the reversal ?? Ur lorenzo call also very jialat le
Aim to short on reversal
Thanks man... vol look high today .. something brewing?
Thanks smallsmall... I read the report.. To summarise, looks like
1) Company is undervalued
2) Has a few major projects
3) Potential turnaround
4) disposing loss making business.
But... share price has run up since the NRA report.. roughly around the time gravity started this thread... so market is biting? I think can put some money here... lets see over the next few days
Nextinsight.
Fair value $0.35 nu NRA Capital
http://www.nextinsight.net/index.php/story-archive-mainmenu-60/938-2016/10848-regal-holdings-high-return-high-risk-early-investment-opportunity
Go n search for this year .. quarter on quaternary improved
Got any research or not? I see annual report last year lose 72m linggit.