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TIH

PARENT LISTED COMPANY

MTSB MTT

JOINT VENTURE WITH TGS 40% ESTABLISHED MTT

TGS

JOINT VENTURE WITH MTSB 60% ESTABLISHED MTT

MTSB OWNED 40% TGS OWNED 60%

NEW CEO OF TIH MR IDRIS BIN JUNID ASKING MS GOH FOR INVESTIGATION BUT SHE CANNOT DO IT. WHY?? FINALLY, EXTERNAL AUDITOR AGOOS BAGOOS MADE INVESTIGATION ON?

MTSB LACK OF MONEY

NO DOCUMENTATTI ON

Inefficiency of Group Finance Division and Control in Management

ISSU E1

Weakness of Corporate Parenting

TI H

Inefficiency of Group Finance Division and Control in Management Did not have enough report of subsidiary & sub subsidiary -Might skipped certain area - Top mangers might just unaware or purposely hide it. Ms Goh not fully prepared of CEO order Ms Goh suppose consolidate all the group finance but she FAILED to do that. FRS 127 & CA prepare set of group account

Weakness of Corporate Parenting

Best parent company is create more value than any of their rivals TIH has resources but lacked of skills in monitoring their needs and opportunity of their subsidiaries and sub subsidiaries

Do NOT Have Any Movement SINCE 2006 Management Lack of Competence


Fiduciary of BOD & Intention to SWINDLE joint ventures profit

ISSU E2

MTS B

Do NOT Have Any Movement SINCE 2006 NO movement BUT GONE BACKWARD Left only 4 staff

Management Lack of Competence

Fiduciary of BOD & Intention to

SWINDLE joint ventures profit


Existed of connected relationship PRACTICAB LE in MALAYSIA - Quite efficient that can lead success Mr Idris claims might lead to undesirable consequences. -in term of profit allocation being swindle of conflict of interest

Suffered cash flow distress

Unable to pay salaries and bonus on time since 2007 - Lead low staff morale and high on resigned
Manager not fully carried their duty - Not enquiry and put effort to obtain document of MTT
WHERE THE BOD MEMBERS TO STAND FORWARD TO CORRECT THE MISTAKES? DOES THE PROB. RAISED UP TO BOD?

Lack of Funds - MTT investment - Should be brings brighter to MTSB but instead happened.

NO filling made with CCM NO Audited Account be issued to Shareholders

ISSU E3

MTSB lack of fund

MT T

NO filling to CCM

NO Audited Account be issued to Shareholders S169 & 170 CA Table financial report to shareholders and BOD CAUSED - TIH cannot tracked down their sub subsidiary & subsidiary investment

Fiduciary of BOD &

Intention to SWINDLE joint ventures profit


MTT dishonesty and untruthful in dealing with company money

AFTER cooperated form not lodge yet -F49 -F24 -F44

Manager should perform their obligations

FRS 131 para 56 - MTSB should recognize interest line by line or equity method
Lot project have been proposed - Presume get high return and earned - Where the money went? - Why MTSB face scarcity of fund?

CURIOUS! WHY CCM cannot DETECT?

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