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MSWG Weekly Newsletter 08 June 2018 (English)

08.06.2018

MSWG’S AGM WEEKLY WATCH 11 – 15 JUNE 2018

For this week, the following are the AGMs/EGMs of companies which are in the Minority Shareholder Watch Group’s (MSWG) watch list.

The summary of points of interest is highlighted here, while the details of the questions to the companies can be obtained via MSWG’s website at www.mswg.org.my.

13.06.18 (Wed), 02.30 pm - Mudajaya Group Bhd (AGM)

Points/Issues to Be Raised

1)       In 2017, the Group recorded an operating profit of RM59,478,000 compared to an operating loss of RM 217,882,000 recorded in 2016 (page 95 of the Annual Report 2017). However, after including the finance costs (RM44,668,000) and share of loss of equity accounted associates, net of tax (RM137,218,000), the Group’s financial performance plunged a loss before tax of RM122,408,000.