Friday, July 15, 2011

Bursa Securities raps Goodway over delay

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded GOODWAY INTEGRATED INDUSTRIES [] Bhd over the two-day delay in issuing its annual audited financial statements for the fiscal year ended Dec 31, 2010.

It said on Friday, July 15 that Goodway had breached the Main Market Listing Requirements for failing to submit its annual audited accounts for FY2010 (AAA 2010) on or before April 30, 2011.

Bursa Securities added Goodway only submitted the AAA 2010 on May 4, after a delay of two market days.

'The delay in the submission of the AAA 2010 was due to weaknesses in the preparation of Goodway's financial statements in accordance with the accounting standards,' it said.

It also said Goodway was required to ensure all its directors and the relevant personnel attend a training programme in relation to compliance with the Main Market LR particularly pertaining to financial statements.

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