in the court of appeal malaysia (appellate jurisdiction)

Datuk Chairman, on behalf of the Board, recorded a note of
thanks to Tan Sri Lau for granting his personal guarantee and
endorsed his generosity.
Tan Sri Lau expressed his concern over the Company’s cash
requirement of approximately RM6 million, and finding ways
to resolve the cash requirements whilst the Company’s profit
level in not there.
Mr. Kung commented that unless the Company improves on its
profitability, he is doubtful on the ability of the Company to
continue surviving.
Ms Kat Yong reported that the Company shall continue to
source for banking facilities from other banks. She added that
barring unforeseen circumstances NKC’s right issue should be
completed by January/February 2004. By then, NKC would be
in a position to assist the Company financially.
….
Agenda 6 MONTHLY MANAGEMENT ACCOUNTS AND
BUDGET FOR SEPTEMBER TO DECEMBER
2003
The Board noted that the monthly management accounts have
not been submitted to the Board Members regularly and in time
for the management committee meeting.
Tan Sri Lau commented that the monthly management accounts
and Board Papers should be distributed to the Board Members
well in advance to enable them to consider the subject matter in
advance.
At this juncture, Mr. Louis Phung (Mr. Louis), the Accountant,
was invited into the Meeting Room.
Ms Kat Yong briefed the Board on the Budget for September to
December 2003. She reported that the Company’s performance
to date is better than last year and quite close to the
management budget.
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