Computer Forms (Malaysia) Berhad

OTHERSCOMPUTER FORMS (MALAYSIA) BERHAD ("THE COMPANY") - FIRE OUTBREAK AT THE FACTORY LOCATED AT LOT 1, BLOCK A, JALAN USAHAWAN 5, PKNS SETAPAK INDUSTRIAL AREA, OFF JALAN GENTING KELANG, 53300 KUALA LUMPUR, W.P. KUALA LUMPUR.

KUALA LUMPUR: Stocks to watch on Thursday include Siab Holdings Bhd, Mah Sing Group Bhd, WCT Holdings Bhd, Jati Tinggi Group Bhd, Naim Holdings Bhd, Greatech Technology Bhd, Computer Forms (Malaysia) Bhd and MyEG Services Bhd.

OTHERSCOMPUTER FORMS (MALAYSIA) BERHAD ("THE COMPANY") - FIRE OUTBREAK AT THE FACTORY LOCATED AT LOT 1, BLOCK A, JALAN USAHAWAN 5, PKNS SETAPAK INDUSTRIAL AREA, OFF JALAN GENTING KELANG, 53300 KUALA LUMPUR, W.P. KUALA LUMPUR

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

KUALA LUMPUR: Computer Forms (Malaysia) Bhd’s (CFM) shareholders voted out executive director and key senior management Pang Nan Yew at its 61st annual general meeting (AGM).

© New Straits Times Press (M) Bhd

General Meetings: Outcome of Meeting

Change in Boardroom - MR PANG NAN YEW

Change in Remuneration Committee - DATO' RAHIM BIN SUBOH

Change in Nomination Committee - TAN SRI DATUK SERI (DR) MAZLAN BIN LAZIM

Change in Audit Committee - DATO' RAHIM BIN SUBOH

Change in Nomination Committee - DATO' RAHIM BIN SUBOH

Change in Audit Committee - TAN SRI DATUK SERI (DR) MAZLAN BIN LAZIM

Change in Remuneration Committee - TAN SRI DATUK SERI (DR) MAZLAN BIN LAZIM

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

OTHERSCOMPUTER FORMS (MALAYSIA) BERHAD ("CFM" OR "THE COMPANY")
- PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY

@portoftheyear

$CFM / 8044 (COMPUTER FORMS (MALAYSIA) BERHAD) / 8044 (COMPUTER FORMS MALAYSIA BERHAD) 20%
$KLSE-CLASSITA / 7154 (CLASSITA HOLDINGS BERHAD) 20%
$JAKS / 4723 (JAKS RESOURCES BERHAD) / 4723 (JAKS RESOURCES BERHAD) 20%
$PRLEXUS / 8966 (PROLEXUS BERHAD) / 8966 (PROLEXUS BERHAD) 20%
$REVENUE / 0200 (REVENUE GROUP BERHAD) / 0200 (REVENUE GROUP BERHAD) 20%

Consolidated results for the financial period ended 30/09/2023

OTHERSCOMPUTER FORMS (MALAYSIA) BERHAD ("CFM" OR "THE COMPANY")
- ANNOUNCEMENT PURSUANT TO PARAGRAPH 9.19(26) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

OTHERSCOMPUTER FORMS (MALAYSIA) BERHAD ("CFM" OR "THE COMPANY")
- ANNOUNCEMENT PURSUANT TO PARAGRAPH 9.19(26) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

A Quick Lesson Learned From $FITTERS / 9318 (FITTERS DIVERSIFIED BERHAD) and $CFM / 8044 (COMPUTER FORMS (MALAYSIA) BERHAD) RPTs

A Quick Recap: According to a Bursa Malaysia filing dated March 13, FITTERS acquired 12.14 million shares of CFM, equivalent to approximately 4.54%, on March 7 and 8. Additionally, FITTERS obtained 6.18 million CFM warrants, resulting in a total cash expenditure of RM34.78 million for these shares and warrants. FITTERS justified this move by citing the promising joint venture agreement between CFM and EA, involving the sale, distribution, assembly, and production of electric vehicles (EVs) in Malaysia. However, within a week, from March 14 to 22, FITTERS decided to divest its position in CFM shares and warrants, incurring a loss in the process.

This bad move had destroyed the shareholders interest and let’s listen to Wyncorp’s opinion about this.

The independent adviser to FITTERS' minority shareholders, Wyncorp Advisory Sdn Bhd, recently revealed that FITTERS' acquisition of 4.54% of CFM's shares and 4.78% of CFM's warrants resulted in a loss of RM26.19 million when sold more than a week later. Wyncorp believes this acquisition was not reasonable and was detrimental to FITTERS' non-interested shareholders. FITTERS had initially invested in CFM to benefit from potential gains related to electric vehicles (EVs) in Malaysia, but there has been little progress in CFM's EV plans.

Wyncorp argued that the disposals of CFM shares and warrants prevented further losses for FITTERS due to the sharp decline in CFM's market prices. This rationale, according to Wyncorp, was reasonable and not detrimental to non-interested FITTERS shareholders. The acquisition was considered a related-party transaction by Bursa Malaysia, given the common directors between FITTERS and CFM.

However, questions arise about the initial investment in CFM by FITTERS, especially given the shared directors who should have assessed the feasibility of CFM's EV plans.

Conclusion: This news serves as a reminder of the importance of being vigilant about related-party transactions (RPTs), as some of them can potentially harm the interests of shareholders in favor of serving the interests of majority shareholders.

Source: https://cutt.ly/0wc0tPWj

OTHERSCOMPUTER FORMS (MALAYSIA) BERHAD ("CFM" OR "THE COMPANY")
- EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE DISPOSAL OF LOT 1, DISPOSAL OF LOT 2, AND DISPOSAL OF LOT 13 AND 14

OTHERSCOMPUTER FORMS (MALAYSIA) BERHAD ("CFM" OR "THE COMPANY")
- JOINT VENTURE AGREEMENT ENTERED INTO BETWEEN CFM AND EA MOBILITY HOLDING CO. LTD.

JOINT VENTURE AGREEMENT ENTERED INTO BETWEEN CFM AND EA MOBILITY HOLDING CO. LTD.

OTHERSCOMPUTER FORMS (MALAYSIA) BERHAD ("CFM" OR "THE COMPANY")
- JOINT VENTURE AGREEMENT ENTERED INTO BETWEEN CFM AND EA MOBILITY HOLDING CO. LTD.

Consolidated results for the financial period ended 30/06/2023

OTHERSCOMPUTER FORMS (MALAYSIA) BERHAD ("CFM" OR THE "COMPANY")
- APPOINTMENT OF AUDITORS

OTHERSCOMPUTER FORMS (MALAYSIA) BERHAD ("CFM" OR "THE COMPANY")
- JOINT VENTURE AGREEMENT ENTERED INTO BETWEEN CFM AND EA MOBILITY HOLDING CO. LTD.

Joint Venture Agreement Entered Into Between CFM And EA Mobility Holding Co. Ltd.