Silver Bird eyeing recovery

  • Umno MP admits to Facebook photos of Karpal in death
    Umno MP admits to Facebook photos of Karpal in death

    KUALA LUMPUR, April 19 — Under-fire Umno lawmaker Datuk Nawawi Ahmad admitted today to uploading photos of slain DAP leader, Karpal Singh on the Internet using his smartphone. The Langkawi MP... …

  • We love you, Tiger of Jelutong, grandchildren bid Karpal farewell
    We love you, Tiger of Jelutong, grandchildren bid Karpal farewell

    The late Bukit Gelugor MP Karpal Singh was given a moving tribute and farewell by his grandchildren tonight, who vowed to take up the mantle of Tiger of Jelutong. The 11 grandchildren, aged between 1½ years and 11, showed the media a poster which they had made together. "Singh is King. We love you, Tiger of Jelutong. We will miss you. Jangan... …

  • ‘I’ll be the next Tiger of Jelutong’, says Karpal’s eldest grandson
    ‘I’ll be the next Tiger of Jelutong’, says Karpal’s eldest grandson

    GEORGE TOWN, April 19 — In a sign that Karpal Singh’s legacy will not be forgotten, his eldest grandson pledged today to become as fearless and dedicated a lawyer his late grandfather once was.... …

  • More seats will check gerrymandering, says opposition
    More seats will check gerrymandering, says opposition

    While Pakatan Rakyat supports the creation of more parliamentary seats in the next redelineation exercise as a means to check malapportionment, academics and non-governmental organisations have warned that it will not necessarily improve the quality of elected representatives. PAS election director Dr Mohd Hatta Ramli said the opposition pact... …

  • Learner drivers can take test in auto cars from June – Bernama

    The Road Transport Department (RTD) will allow learner drivers to be tested in automatic transmission vehicles starting in June. Deputy director-general of RTD Datuk Yusoff Ayob said there had been delays in implementing the move because of technical problems involving the printing of the driving education curriculum. "The printing of the... …

  • In Karpal, slain Beng Hock’s kin saw a beacon of hope
    In Karpal, slain Beng Hock’s kin saw a beacon of hope

    GEORGE TOWN, April 19 — The house at Number 144A Jalan Utama has seen a ceaseless stream of visitors since morning. They came from all walks of life, mostly in groups, sometimes alone to offer... …

SHAH ALAM: Silver Bird Group Bhd's special committee chairman Richard George Azlan Abas yesterday assured the company is doing fine with its day-to-day operations and assets.

Despite the huge debt overhang of RM83.66 million as at Feb 29, Richard said the company can still be revived as negotiations are being conducted for debt restructuring.

Richard, who is also an independent non-executive director, said there is no need for a white knight or for external capital injection or even to tap funds from shareholders.

"The company is still strong and viable, it can be profitable if properly managed," he said at the annual general meeting yesterday.

Richard heads the special committee set up to manage the affairs of the group, including overseeing the daily affairs and operations following reports of financial irregularities.

In a first step towards regaining investor and shareholder confidence, shareholders yesterday also passed a committee-proposed resolution to remove group managing director Datuk Jackson Tan Han Kook and group executive director Ching Siew Cheong, -- both suspended since Feb 24, from their posts. Another two other individuals were also suspended -- including finance general manager Lai Poh Mei.

Messrs Baker Tilly Monteiro Heng were appointed in place of retiring auditors, Messrs Crowe Horwath -- who reported having failed to obtain sufficient appropriate evidence to provide a basis for an audit opinion.

In view of the crisis, all director's fees for the year ending Oct 31 have been suspended pending completion of ongoing investigations.

As for the forensic investigation report, which was expected to be finalised yesterday, Richard said it has been delayed due to several setbacks.

"We found that hard and soft copies of records were destroyed, with a high volume of transactions including records that were taken away by authorities."

He gave the assurance the report will be ready by the end of May.

Meanwhile, independent chairman Datuk Dr Gan Khuan Poh said despite stiff competition from two other brands, the group will continue to improve on its operations without compromising on its quality and efficiency.

The four-hour long AGM saw an overwhelming turnout of shareholders and proxies, many wanting to know more about the alleged financial irregularities.

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  • Langkawi MP unrepentant, continues insults on late Karpal, says Facebook user The Malaysian Insider
    Langkawi MP unrepentant, continues insults on late Karpal, says Facebook user

    A Barisan Nasional MP whose Facebook posting poking fun at the death of Karpal Singh shocked Malaysians has again insulted the late DAP leader, this time comparing him to a hostile figure in Islamic history who fought against Prophet Muhammad. Facebook user Shamsul Kamal Ariffin Mohd Nasir, 42, told The Malaysian Insider that Langkawi MP,... …

  • Karpal’s car crashed into lorry, not the other way around, says Perak police The Malaysian Insider
    Karpal’s car crashed into lorry, not the other way around, says Perak police

    Initial investigations have revealed that Karpal Singh’s Toyota Alphard crashed into a five-ton lorry in the accident yesterday that claimed his life and that of his assistant, Perak police said today. State police chief Datuk Acryl Sani Abdullah Sani also dismissed rumours and speculation that the accident was caused by the lorry crashing... …

  • Interfaith group ‘worried’ that ex-judge can have such ‘racist’ views The Malay Mail Online
    Interfaith group ‘worried’ that ex-judge can have such ‘racist’ views

    KUALA LUMPUR, April 19 — An interfaith group expressed shock today at the “racist” views of a former high-ranking judge who had called the presence of large Hindu and Buddhist statues in the... …