Friday 3 February 2012

Tricubes: No progress in regularisation scheme

KUALA LUMPUR (Feb 3): TRICUBES BHD [], which was in the news in 2011 when it posted higher accumulated losses than earlier announced, said on Friday there was no progress in the scheme to regularise its condition.

“Tricubes wishes to announce that there is no development since that announcement (on Jan 3, 2012),” it said in its monthly report on the status of its plan to comply with the obligation to regularise its condition under Guidance Note 3 of the Bursa Malaysia Securities Bhd market listing rules.

At 12.30pm, its share price was up 0.5 sen to 17 sen.

In late December last year, Tricubes revealed its accumulated losses for the financial year ended March 31, 2011 was RM17.24 million and not RM7.3 million as stated in its 2011 Annual report.

Tricubes had said there were typo errors on the accumulated losses as stated in pages 49, 61 and 98 of the 2011 Annual Report.

The announcement by Tricubes followed an audit of its 2011 annual report which was submitted to Bursa on Sept 7.



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