On 15 Feb 2007, SC raps Nasioncom and directs company to re-issue 2005 financial statements
NHB had submitted false information to the SC with respect to revenue on sales that were not transacted, in its 2005 financial statements. The SC’s investigation revealed that NHB’s group revenue of RM194,984,186 as reflected in its 2005 financial statements contained a total of RM143,109,727 sales that were not transacted. These sales were recorded in the financial statements of two NHB subsidiaries, namely Nasioncom Sdn Bhd and Express Top-up Sdn Bhd.
Effective from 3 Aug 2007, Bursa Malaysia has put NasionCom Holdings Bhd as an affected listed company pursuant to Guidance Note No. 3/2006 (GN3) of the Listing Requirements
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