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Last 0.13 MYR
Change Today 0.00 / 0.00%
Volume 0.0
NAK On Other Exchanges
Kuala Lumpur
As of 5:05 AM 09/6/14 All times are local (Market data is delayed by at least 15 minutes).

nakamichi corporation bhd (NAK) Snapshot

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nakamichi corporation bhd (NAK) Details

Nakamichi Corporation Berhad, an investment holding company, engages in the extraction and sale of timber logs in Malaysia. The company was incorporated in 1994 and is based in Petaling Jaya, Malaysia.

Founded in 1994

nakamichi corporation bhd (NAK) Top Compensated Officers

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nakamichi corporation bhd (NAK) Key Developments

Bursa Securities Announces Continued Suspension Of Trading Of Nakamichi Corp. Bhd

Nakamichi Corp. Bhd has failed to submit its quarterly report for financial period ended September 30, 2014, to Bursa Malaysia Securities Berhad (Bursa Securities) for public release within the stipulated timeframe pursuant to Paragraph 9.22(1) of Bursa Securities' Main Market Listing Requirements (LR). Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes stated in Paragraph 9.22 and 9.23 of the LR (relevant timeframes) (the last day of the 5 market days is referred to as suspension deadline), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the suspension deadline. In view of the above and in accordance with Paragraph 9.28(5) of the LR, a trading suspension will be imposed on the shares of the company. However, as the company's shares has been suspended from trading since September 9, 2013, please be advised that the suspension of trading will continue until further notice.

Nakamichi Corp. Bhd Receives a Sealed Copy of Writ of Summons and Statement of Claim Both Dated 7 August 2014 from Gideon Tan Razali Zaini

The Board of Directors of Nakamichi Corp. Bhd announced that on 12 August 2014 the company has received a sealed copy of Writ of Summons and Statement of Claim both dated 7 August 2014 from Gideon Tan Razali Zaini, the solicitors for Lo Man Heng (Plaintiff). The company is required within 14 days from the date of receipt of the Writ of Summons to enter appearance, failing which, plaintiff will proceed to obtain judgment against the Company. Pursuant to the Writ of Summons and Statement of Claim, the Plaintiff's claims included a sum of MYR 1,660,217.00; interest at the rate of 2% per annum over the prevailing Base Lending Rate of RHB Bank Berhad on the sum of MYR 1,660,217.00 from Jan. 1, 2013 until the date of this Statement of Claim; a further interest of 5% per annum on any monetary judgment sum from the date of this Statement of Claim until full and final settlement or any such other interest rate deemed fit by this Honourable Court; costs; and such further and/or other reliefs this Honourable Court deems fit and appropriate. The plaintiff alleged that the company has failed, neglected and/or refused to pay the Plaintiff the sum of MYR 1,660,217.00 demanded. The Writ of Summons and Statement of Claim are not expected to have any material financial and operational impact on the Group. The company is not expected to incur any further losses arising from the Writ of Summons and Statement of Claim. Nakamichi Corp. Bhd is seeking the necessary legal advice on-this matter. This matter has been fixed for a Case Management on 3 September 2014.

Nakamichi Corp. Bhd Announces the Cessation of Yahya Bin Razali as Chairman of Audit Committee

Nakamichi Corp. Bhd announced the cessation of Yahya Bin Razali as Chairman of Audit Committee, effective June 05, 2014. From 1994 - present, he was Associate Director/Fund Manager of SJ Asset Management Sdn Bhd /Spectrum Asset Management Sdn Bhd.


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