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Overview
Financial Highlight
HeadlinesBusiness Background Goodway Integrated Industries Bhd develops, manufactures, and markets rubber compounds and rubber related products in Malaysia. The company operates through the segment of Rubber Compounds, Retreading Services, and Property Development/Construction Trading segments. The firm offers its products primarily under the Supercool, ToughTread, and Rübtek brands, as well as through Supercool Retread Franchise. It is involved in the retreading of tires for motor vehicles and earthmovers, and trade of tires related products. Geographically it operates through the region of Australia, Singapore, Indonesia, Hong Kong and China. The organization generates most of its revenues from Sale of rubber compounds in Australia.
  darkxfs 16/12/21 i buy 50k at 0.125, justnow sell at 0.150 gain rm1200+ but that day i left 100k with price 0.210 i loss rm7000. 00 21/12/2021 10:37 PM Legend GIIB Holdings Bhd (formerly known as Goodway Integrated Industries Bhd) said the recent suspension of one of its directors was to facilitate an investigation into his management and handling of its glove business and accounts. On Monday, GIIB announced the suspension of executive director Wong Weng Yew from his employment with the group since March 28, with the suspension extended until April 25, pending evaluation of his reply to the show cause letter issued to him. 13/04/2022 6:02 AM Legend KUALA LUMPUR (April 22): GIIB Holdings Bhd said on Friday (April 22) it has engaged independent consulting firm PKF Covenant Sdn Bhd to assist GIIB's investigative committee in the probe into GIIB's suspended executive director Wong Weng Yew's management and handling of the group's glove business and accounts. In a Bursa Malaysia filing on Friday, GIIB said PKF's work scope includes independently examining the relevant evidence and information pertaining to the charges against Wong and providing comments and views on the evidence and information. In addition, PKF's work scope includes preparing an investigation outcome report, which will be submitted to the GIIB investigative committee, and attending "meetings with the investigative committee or the board of the company (GIIB), as may be required, to present findings and commentary/views in the said report", GIIB said. "Given that PKF was only engaged on April 22, 2022, the investigative committee is not able to determine the period of time to be undertaken for the investigation for the time being," GIIB said 22/04/2022 2:30 PM Legend The Board of Directors of GIIB ("the Board") wishes to inform that the Audit and Risk Management Committee ("ARMC") had on today decided to undertake a forensic investigation into the financials of the Group in relation to the suspicious transactions in the Group as highlighted by Mr. Wong Weng Yew on 16 May 2022. The ARMC will seek proposals from the independent audit firms to undertake the above task. Further announcements shall be made upon the engagement of the independent audit firm. This announcement is dated 19 May 2022. 19/05/2022 8:58 PM VivoPrince https://focusmalaysia.my/giib-fails-to-make-public-legal-action-served-by-sacked-executive-director/ 27/05/2022 11:23 AM PenyuNg hopeless, PN17 soon, even on the news ady by Focus Malaysia https://focusmalaysia.my/giib-fails-to-make-public-legal-action-served-by-sacked-executive-director/ 27/05/2022 4:29 PM PenyuNg “If the disclaimer is made public, GIIB would have triggered a Practice Note 17 (PN17) situation with all the transactions ultimately exposed to the public and market authorities,” the OS pointed out. “But with the change of its financial year-end from Dec 31, 2021 to June 30, 2021, GIIB only has to announce the unified financial statements or draft audit accounts on or before Oct 31, 2022.” 27/05/2022 4:36 PM jchee83 Why this chairman Tai concealed the case? Must be it is truth inside. All the shareholders should gang up and sue this whole Tai family 27/05/2022 6:22 PM TokAbah GIIB lousy management led by typical chinese pariahhh lorr. Just like PUC. These typical low educated chieseb shd be replaced by more professional chinese lorr 31/05/2022 10:15 AM TokAbah when the company's has vision and clear biz direction then it will good for company for mid and long term lorr 31/05/2022 4:28 PM Legend GIIB delays audit appointment, says still finalising scope of probe into suspicious deals KUALA LUMPUR (June 1): GIIB Holdings Bhd has delayed the appointment of an independent audit firm to look into suspicious transactions flagged by its previously terminated but now reinstated director, saying it is still finalising the scope of investigation. In a filing Wednesday, GIIB said its audit and risk management committee is finalising the scope with shortlisted firms, and that it expects to finalise the appointment by early June. GIIB is in the midst of investigating the claims raised by its director Wong Weng Yew of dubious transactions in the company totalling RM11.49 million. Wong previously served as the company's executive director but was suspended in April and then terminated in mid-May from his position as the company alleged him of misconduct. Wong, on the other hand, claimed the company took action after he raised questions about several transactions that he found to be suspicious in nature. 01/06/2022 11:21 PM whistlebower99 https://focusmalaysia.my/3-top-management-employees-of-giib-holdings-detained-by-macc/ Warning to directors who hanky panky. 09/09/2022 8:21 PM  | |
