【SMTRACK 0169 交流专区】（前名 SMARTAG）

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Change in Financial Year End

SMTRACK BERHAD

Old financial year end	31 Mar 2016
New financial year end	31 Jul 2016

Remarks :

The new Management needs more time to finalise the Audited Financial Statements after they have took over since January 2016.

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SMTRACK BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	ESOS
Details of corporate proposal	Share Issuance Scheme
No. of shares issued under this corporate proposal	12,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1000
Par Value ($$)	Malaysian Ringgit (MYR)   0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units	331,761,800
Currency	Malaysian Ringgit (MYR) 33,176,180.000
Listing Date	29 Jul 2016

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SMTRACK BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	ESOS
Details of corporate proposal	Share Issuance Scheme
No. of shares issued under this corporate proposal	15,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1000
Par Value ($$)	Malaysian Ringgit (MYR)   0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units	346,761,800
Currency	Malaysian Ringgit (MYR) 34,676,180.000
Listing Date	04 Aug 2016

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Notice of Interest Sub. S-hldr (29A)

SMTRACK BERHAD

Particulars of Substantial Securities Holder

Name	MR WONG YU SUN
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	ORDINARY SHARE OF RM0.10 EACH
Name & address of registered holder	WONG YU SUN NO. 3, JALAN SL 4/4SUNGAI LONG43000 KAJANGSELANGOR DARUL EHSAN

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	27 Jul 2016
No of securities	15,000,000
Circumstances by reason of which Securities Holder has interest	Exercise of Share Issuance Scheme
Nature of interest	Direct Interest
Price Transacted ($$)	0.100
Total no of securities after change
Direct (units)	27,000,000
Direct (%)	7.79
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	03 Aug 2016

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思泰Wellspring探讨合作·或洽倒置收购

（吉隆坡12日讯）思泰科技（SMTRACK,0169,创业板科技组）与Wellspring Worldwide公司签署备忘录（MOU），以在6个月内探讨未来的合作方向，包括Wellspring是否透过倒置收购登上马股舞台。

不过，Wellspring强调，目前谈论倒置收购事项言之过早。

在签约仪式上，恩泰科技执行主席安华致辞时提到，该公司将根据所同意的估值，发行新股给Wellspring股东，以收购Wellspring的100%股权。

保持原有核心业务

他表示，思泰科技的原有核心业务将继续保持，与Wellspring的合作将是很好的重组计划。

思泰科技的核心业务为提供探测追踪和标签服务，并于上个月宣布更换财政年至2016年7月31日。

该公司截至2016年3月31日止第四季，由前期的净利31万1000令吉转为净亏216万8000令吉，全年则由前期的净亏989万1000令吉缩小至886万8000令吉；第四季营业额则增长235.56%至15万1000令吉，全年营业额则增长74.86%至341万5000令吉。

思泰科技股价今日一度涨至10.5仙，全日交投炙热，闭市时以平盘9.5仙挂收，共有1937万1600股易手。

无论如何，Wellspring执行董事拿督利端表示，不认同Wellspring通过后门上市的说法，并认为目前谈论倒置收购事项尚太早。

他说，该公司想要把业务从美国带返大马，碰上思泰科技打开方便之门，因此双方才会接洽商谈。

Wellspring于今年4月在纳闽成立，其大本营位于美国洛杉矶加里福尼亚，旗下拥有圆圆果霜优格（Tutti Frutti）、O’MyBuns！等品牌，目前在全球43个国家拥有700间分行。

利端说，双方早于3个月前已开始洽谈，惟对于较后的发展方向、合作方式，则将会在这6个月内拟定。

Wellspring：收购更多本地餐饮品牌

利端说，希望通过与思泰科技的合作，能够收购更多本地的餐饮品牌，继而分销至其已有业务的43个国家。

他说，希望加强Wellspring在亚洲的地位，同时，冀望在未来5年，打造大马成为亚洲枢纽，以节省运输费和设立厂房，并预计在未来在大马设立研发部门。

他补充，Wellspring目前在大马、新加坡、中国、菲律宾等都有业务，预计在未来将进军印度及印尼。

利端提到，Wellspring高达60%的营业额来自于美国，剩余则是来自于欧洲及亚洲。

文章来源：
星洲日报／财经‧2016.08.13

Type	Announcement
Subject	OTHERS
Description	SMTRACK BERHAD ("SMTRACK" OR "THE COMPANY")MEMORANDUM OF UNDERSTANDING
The Board of Directors of SMTRACK wishes to announce that the Company had on 12 August 2016 entered into Memorandum of Understanding with the shareholders of Wellspring Worldwide Limited. Kindly refer to the attached announcement for further details. This announcement is dated 12 August 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5175373

Attachments SMTrack - MOU.pdf

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Notice of Person Ceasing (29C)

SMTRACK BERHAD

Particulars of Substantial Securities Holder

Name	MR WONG YU SUN
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary Shares of RM0.10 each
Date of cessation	15 Aug 2016
Name & address of registered holder	Wong Yu SunNo. 3, Jalan  SL 4/4Sungai Long43000 KajangSelangor Darul Ehsan

Currency	Malaysian Ringgit (MYR)
No of securities disposed	27,000,000
Price Transacted ($$)	0.105
Circumstances by reason of which Securities Holder has interest	Disposal of shares.
Nature of interest	Direct Interest
Date of notice	17 Aug 2016

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Fifteen Months	Three Months
		01 Apr 2016 To	01 Apr 2015 To	01 Apr 2015 To	01 Apr 2015 To
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	226	531	3,641	531
2	Profit/(loss) before tax	-2,734	-7,816	-10,847	-7,816
3	Profit/(loss) for the period	-2,734	-7,816	-10,847	-7,816
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,734	-7,815	-10,728	-7,815
5	Basic earnings/(loss) per share (Subunit)	-0.93	-2.89	-4.28	-2.89
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0500		0.0500

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		One Month	One Month	Sixteen Months	One Month
		01 Jul 2016 To	01 Jul 2015 To	01 Apr 2015 To	01 Jul 2015 To
		31 Jul 2016	31 Jul 2015	31 Jul 2016	31 Jul 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	37	0	3,678	0
2	Profit/(loss) before tax	-409	0	-11,256	0
3	Profit/(loss) for the period	-409	-7,816	-11,256	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-409	0	-11,137	0
5	Basic earnings/(loss) per share (Subunit)	-0.14	-2.89	-3.96	-2.89
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0500		0.0500

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思泰科技委华明包装前董事经理担任执行董事
By Supriya Surendran  / theedgemarkets.com   | October 14, 2016 : 7:28 PM MYT

（吉隆坡14日讯）Chang Chee Ching受委任为思泰科技（SMTrack Bhd）的执行董事，今日起生效。

思泰科技今日向大马交易所报备，现年61岁的Chang曾在1998年至2004年期间，担任包装材料制造商华明包装（Bright Packaging Industry Bhd）的集团董事经理。

他在2004年3月以专注自身生意为由，辞去董事经理一职。

随后，他在2014年12月受委为NWP控股（NWP Holdings Bhd）执行董事。该公司是马交所主板上市公司，主要业务为木材模制及其他木材相关业务。他

在2016年3月也以同上的理由，辞去执行董事的职务。

思泰科技8月与美国Wellspring Worldwide Ltd签署一项谅解备忘录（MoU），以收购后者，惟却未披露收购价。

Wellspring Worldwide是Tutti Fruitti冷冻酸奶、O'My Buns!和YoFlavor的全球主要授权商。

（编译：倪嫣鴽）

Date of change	14 Oct 2016
Name	MR CHANG CHEE CHING
Age	61
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	Mr. Chang completed his Chartered Association of Certified Accountants examinations at Luton College of Technology, United Kingdom. He is a Fellow Member of The Chartered Association of Certified Accountants (U.K.), a member of the Malaysia Institute of Accountants, Malaysia Institute of Certified Public Accountants and an Associate member of The Chartered Tax Institute of Malaysia
Working experience and occupation	He has extensive experience in Auditing of Multinational Corporations, small and medium enterprises, Public and Private Companies and investigations, due diligent review, quality assurance reviews of internally prepared management accounts, budgets, forecasts, review of accounting procedures and internal control processes to identify risk areas and internal audit. He is also experienced in advising business start-ups and compliance with Government rules and regulations, tax compliance, planning and advisory, corporate advisory, management consulting, corporate restructuring including mergers and acquisitions. From 1998 to 2004, he was the Group Managing Director of Bright Packaging Industry Berhad, a company listed on the Second Board of Bursa Malaysia involved in the manufacture of packaging materials with subsidiaries in the print and packaging industry and optical fibre, servicing multi-national clientele worldwide. He resigned from his position to focus on his business in March 2004. He was appointed an Executive Director of NWP Holdings Berhad, a company listed on the Main Board of Bursa Malaysia principally engaged in the business of timber moulding and other timber related businesses, in December 2014 and resigned to focus on his personal business in March 2016.

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Type	Announcement
Subject	OTHERS
Description	SMTRACK BERHAD (SMTRACK OR THE COMPANY) Delay in release of Annual Report that includes annual audited financial statements together with the auditors and directors reports pursuant to Rule 9.23(1) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad
The Board of Directors’ of SMTRACK Berhad (“SMTRACK” or “the Company”) hereby announces that the Company is unable to release to Bursa Malaysia Securities Berhad (“Bursa Securities”) and shareholders its Annual Report that includes the annual audited financial statements together with the auditors’ and directors’ reports in respect of the financial year ended 31 July 2016 (“Annual Report 2016”) by 30 November 2016 which is a period not exceeding four (4) months from the close of the financial year ended 31 July 2016 (“Timeframe”) as required under Rule 9.23(1) of the ACE Market Listing Requirements (“AMLR”) of Bursa Securities. The delay was due to the fact that the previous auditors had on 24 August 2016 tendered their resignation as Auditors. SMTRACK had on 27 October 2016 held an Extraordinary General Meeting to appoint the new Auditors. The new Auditors were required to prepare an audit plan for the audit committee’s approval and could only commence their audit work when the plan was approved, hence more time is required to prepare and finalise the AFS resulting in the inability of the Company to comply with Rule 9.23 (1) of the AMLR. SMTRACK had on 9 November 2016 made an application to Bursa Securities for an extension to submit the Annual Report and hold its Annual General Meeting in January 2017 but was rejected by Bursa Securities on 11 November 2016. SMTRACK will endeavour to announce/issue its Annual Report 2016 to Bursa Securities and shareholders not later than 2 weeks from 30 November 2016. Pursuant to Rule 9.28(5) of the AMLR, if SMTRACK fails to announce/issue its Annual Report 2016 within 5 market days from the expiry of the Timeframe (the last day of this 5 market days shall hereinafter be referred to as "the Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of SMTRACK. The suspension shall be effected on the market day following the expiry of the Suspension Deadline and shall be uplifted on the market day following the announcement/issuance of the Annual Report 2016 unless otherwise determined by Bursa Securities. As such, the suspension will be effected on 8 December 2016. Pursuant to Rule 9.28(6) of the AMMLR, if SMTRACK fails to issue the Annual Report 2016 within 6 months from the expiry of the Timeframe, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against SMTRACK. This announcement is dated 30 November 2016.

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思泰财报3问题待解
审计师持“保留意见”

2016年12月31日
（吉隆坡30日讯）思泰科技（SMTRACK，0169，创业板）昨日终于提呈截至7月31日财年的年报给马交所，但外部审计师却针对已审核年度财报，给予“保留意见”（Qualified Opinion）。

该公司向马交所报备，外部审计师Messrs KC Chia & Noor强调，在该财年仍未解决的三项课题，分别是特定资产的账面价值、账目内的起始余额（opening balance），以及脱售子公司的一笔收益。

审计师指，其中一个给予“保留意见”的理由，是因为前任审计师无法就截至去年3月31日分别可收回资讯科技（IT）设备的287万令吉，以及安装IT设备的325万令吉的看法，取得令人满意及合理的审计证据。

此外，截至去年3月31日的非有形资产账面价值，包括了一项被取消项目的产品发展成本。

因此，审计师认为，这无法确认董事对公司从有关资产可收回金额的评估，同时，也无法确定是否会调整截至去年3月31日的财务，或是业绩表现，以及现金流。

此外，在今年10月才担任公司的审计师，无法取得前任审计师的审计文件，所以无法验证公司账目内的起始余额。

审计师也指，无法验证思泰科技脱售一家子公司所取得的收益。【e南洋】

Type	Announcement
Subject	OTHERS
Description	QUALIFIED OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 JULY 2016
Pursuant to Paragraph 9.19(38) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of SMTRACK Berhad (“the Company”) hereby announces that the Company’s External Auditors, Messrs. KC Chia & Noor had expressed a qualified opinion in the Company’s Annual Audited Financial Statements for the financial year ended 31 July 2016. A copy of Messrs. KC Chia & Noor's Report is annexed herewith.    This announcement is dated 29 December 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5301781

Attachments SMTrack-Auditors Report.pdf

icy97

思泰科技首季亏27万

2017年1月3日
（吉隆坡2日讯）思泰科技（SMTRACK，0169，创业板）截至10月31日首季，持续面临亏损，按年净亏27万2000令吉或每股亏损0.78仙。

该公司上周五向马交所报备，亏损的原因是53万令吉的不动产、厂房和设备折旧拨备，以及行政成本上扬。

不过，来自资讯科技设备和处理设施的使用收入、软件方案和相关设备的本地销售量增加，促使思泰科技营业额按年攀升2.3倍，达61万1000令吉。

该公司说，接下来会专注于追踪和追溯软件方案系统新业务；计划与外国公司合作，探讨国内外物流信息平台的商机。

同时，正探索土木工程和建筑，及食品领域的商机。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2016	30 Sep 2015	31 Oct 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	611	187	611	187
2	Profit/(loss) before tax	-272	396	-272	396
3	Profit/(loss) for the period	-272	396	-272	396
4	Profit/(loss) attributable to ordinary equity holders of the parent	-272	514	-272	514
5	Basic earnings/(loss) per share (Subunit)	-0.78	0.18	-0.78	0.18
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0500		0.0500

icy97

思泰科技预计不会很快转亏为盈
By Adela Megan Willy / theedgemarkets.com   | December 30, 2016 : 7:23 PM MYT

（吉隆坡30日讯）蒙亏的射频识别跟踪和追踪专家思泰科技（SMTrack Bhd）预计不会很快转亏为盈，因该集团在今年开始的几次董事部变动后，正进行重组。

执行董事Chang Chee Ching表示：“许多事情正在发生。你将无法立即看到变化。这需要时间。”

他是在今日出席股东常年大会后，向记者发表谈话。

从今年1月开始，思泰科技的董事出现一些变动。

此外，随着Messrs Baker Tilly Monteiro Heng在8月辞去审计师一职，该公司在10月委任Messrs KC Chia & Noor为新任审计师。

尽管如此，思泰科技希望在2017年杪前转亏为盈，寄望于资讯科技业务，其中射频识别（RFID）技术是其主要优势，以及建筑领域。

思泰科技于今年3月与Cherish Words私人有限公司成立了一家联营公司，负责执行联邦土地发展局（FELDA）在彭亨和森美兰的Felda Palong 16分包工程，设计和建造住宅。

据Chang说，该项目的进度是60%，在经济尤其是产业领域放缓，预计在2017年中旬创造收入。

（编译：陈慧珊）

icy97

思泰科技削资整合股票

财经  2017年01月23日
（吉隆坡23日讯）思泰科技（SMTRACK，0169，创业板）建议一系列企业活动，包括削资、整合股票、私下配股、终止原有的股票发行计划（SIS），並推出新计划。

该公司发文告指出，在这些企业活动下，思泰科技將股票面值从每股10仙，大砍7.5仙，至每股2.5仙。然后再以4变1比例整合成每股面值10仙的股票。

完成上述活动后，思泰科技建议私下配售2600万7100新股，相等於已缴足资本的30%，予公司董事、主要股东或首席执行员等。

假设私下配股每股发售价为15仙，该公司將集资390万1000令吉，预料用作1年內建议收购项目的开销以及进行企业活动的花费。

隨后，思泰科技將终止现有特定僱员的股票发行计划（SIS），並推出新的股票发行计划。如无意外，该公司预期將在2017年首季完成上述企业活动。【东方网财经】

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	SMTRACK BERHAD ("SMTRACK" OR "COMPANY")(I)        PROPOSED CAPITAL REDUCTION;(II)        PROPOSED SHARE CONSOLIDATION;(III)        PROPOSED PRIVATE PLACEMENT;(IV)        PROPOSED SIS TERMINATION; AND(V)        PROPOSED NEW SIS(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of SMTrack, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following: (i)  proposed reduction of the issued and paid-up share capital of SMTrack via the cancellation of RM0.075 of the par value of the ordinary shares of RM0.10 each in SMTrack to  RM0.025 each in SMTrack pursuant to Section 64 of the Companies Act, 1965 (“Proposed Par Value Reduction”) or via reduction of share capital of SMTrack pursuant to Section 116 of the incoming Companies Act, 2016 which was gazetted on 15 September 2016 and is awaiting the gazette for appointment of date of coming into operation (“Proposed Share Capital Reduction”), where applicable. The Proposed Capital Reduction refers to the Proposed Par Value Reduction or the Proposed Share Capital Reduction (“Proposed Capital Reduction”); (ii)  proposed consolidation of every 4 SMTrack Shares of RM0.025 each into 1 new SMTrack Share of RM0.10 each after the Proposed Capital Reduction (“Proposed Share Consolidation”); (iii)  proposed private placement of up to 26,007,100 new SMTrack Shares, representing approximately 30% of the issued and paid-up share capital of SMTrack (excluding treasury shares, if any) (“Proposed Private Placement”) after the Proposed Capital Reduction and Proposed Share Consolidation; (iv)  proposed termination of SMTrack’s existing share issuance scheme (“SIS”) (“Proposed SIS Termination”); and (v)  proposed establishment of a new SIS of up to 30% of the issued and paid-up share capital of SMTrack (excluding treasury shares, if any) at any one time during the duration of the scheme for the eligible persons (“Proposed New SIS”). Please refer to the attachment for further details of the announcement. This announcement is dated 23 January 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5322869

Attachments Announcement SMTrack.pdf

雪中大肥狼

这股...还能买吗？

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2017	31 Dec 2015	31 Jan 2017	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	428	2,564	1,014	2,733
2	Profit/(loss) before tax	-513	720	-847	1,116
3	Profit/(loss) for the period	-513	720	-847	1,116
4	Profit/(loss) attributable to ordinary equity holders of the parent	-513	720	-847	758
5	Basic earnings/(loss) per share (Subunit)	-1.47	0.25	-2.43	0.42
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0500		0.0500

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逾期交财报
思泰科技遭谴责

2017年4月29日
（吉隆坡28日讯）思泰科技（SMTRACK，0169，创业板）因无法准时呈交财报而违反上市条例，遭大马交易所公开谴责。

交易所昨日发布文告，思泰科技没有准时在去年8月31日或之前，公布去年4月至6月的季度业绩，而是延迟了1个月在9月30日才公布。

此外，该公司在去年7月20日宣布更换财年至7月杪，但没咨询交易所，季度报告应包含的期限。

思泰科技也没有在去年11月30日或之前，发出2016财年年报，而是拖延了1个月，在12月29日才呈交。

不过，交易所未发现任何董事导致或准许这些错误发生。

当时的董事包括默哈末安华、拿督陈春华、拿汀斯里诺莱妮阿都加里尔、周志清、吴斯享及周鸿旗（皆译音）。

交易所指出，思泰科技全体董事和相关人员必须出席遵守上市条例的培训，尤其是财务报告。

另外，董事部必须评估公司的会计资源是否足够，及对财务报告和执行的政策和程序是否全面及有效。【e南洋】

BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS SMTRACK BERHAD FOR BREACHES OF THE ACE MARKET LISTING REQUIREMENTS

SMTRACK BERHAD

Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded SMTRACK BERHAD (SMTRACK) for committing the following breaches of the Bursa Malaysia Securities ACE Market Listing Requirements (ACE LR):-

(1)    Rule 9.22(1) of the ACE LR for failing to announce the company’s quarterly report for the 3 month period from 1 April 2016 to 30 June 2016 (“QR5 2016”) on or before 31 August 2016.  SMTRACK only announced the QR5 2016 on 30 September 2016, a delay of 1 month;

(2)    Rule 9.22(3) of the ACE LR where the company had on 20 July 2016 announced the change of its financial year end from 31 March 2016 to 31 July 2016 but failed to consult Bursa Malaysia Securities as to the period to be covered in the quarterly report; and

(3)    Rule 9.23(1) of the ACE LR for failing to issue the company’s annual report for the financial period ended 31 July 2016 (“AR 2016”) on or before 30 November 2016.  SMTRACK only issued the AR 2016 on 29 December 2016, a delay of approximately 1 month.

The public reprimand was imposed pursuant to Rule 16.19(1) of the ACE LR after taking into consideration all facts and circumstances of the matter including materiality of the breaches and upon completion of due process.

SMTRACK is also required to ensure all its directors and the relevant personnel of the company attend a training programme in relation to compliance with the ACE LR particularly pertaining to financial reporting.  In addition, SMTRACK is required to ensure its Board of Directors review and assess the adequacy and competency of its finance and accounting resources and adequacy, comprehensiveness and effectiveness of the company’s policies and procedures in respect of financial reporting and implementation of the same.

While Bursa Malaysia Securities has not found any of SMTRACK’s directors to have caused or permitted the breaches by the company, Bursa Malaysia Securities wishes to highlight and remind that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the ACE LR.  The Board of Directors of SMTRACK at the material time was as follows:-

1.    Mohd Anuar Bin Mohd Hanadzlah
2.    Datuk Tan Choon Hwa (JP, JMK)
3.    Chang Chee Ching
4.    Datin Sri Noraini Binti Abdul Jalil
5.    Anthony Goh Shee Hiang
6.    Chow Hung Keey

Bursa Malaysia Securities views the contraventions seriously as the timely and accurate submission of financial statements to enable investors to make informed investment decisions is one of the fundamental obligations of companies listed on the Official List of Bursa Malaysia Securities.

Background

SMTRACK had on 20 July 2016 announced the change of its financial year end from 31 March 2016 to 31 July 2016 and proceeded to prepare the 4 month quarterly results from April - July 2016 for announcement by 30 September 2016.  However, the company was notified by Bursa Malaysia Securities that the company needed to submit 2 sets of quarterly results, i.e. April – June 2016 and July 2016.  As a result, the company had to redo the quarterly results which led to the delay by approximately 1 month in the announcement of the QR5 2016 which was made on 30 September 2016.  SMTRACK’s representation that it was not aware that the change of the financial year end would affect the announcement period of the quarterly results and the need to consult Bursa Malaysia Securities was unacceptable in view of the clear wordings under Rule 9.22(3) of the ACE LR.

SMTRACK had also failed to issue the AR 2016 on or before 30 November 2016 and only issued the same on 29 December 2016, a delay of approximately 1 month.  In this respect, the company had explained that the delay was principally due to the following:-
•    change of auditors which was only approved during the extraordinary general meeting on 27 October 2016;
•    the company’s accountant who handled the group accounts had passed away on 15 October 2015 and apart from continuing with the efforts to tidy up the accounts left over by the previous management since March 2016, the accounting staff and the newly appointed external auditors had spent time reconciling the various items in the management accounts; and
•    time required by the auditors to complete their work, including obtaining satisfactory explanations and confirmations from various parties.

These explanations were not acceptable and did not absolve the company’s obligation to ensure timely issuance of the AR 2016 particularly as SMTRACK had failed to demonstrate reasonable efforts / steps taken to expedite the change of auditors and/or address / resolve the issues with the auditors to ensure the timely completion of audit and issuance of the AR 2016.  Further, all listed companies have an obligation to establish a proper and effective finance function including the necessary resources, procedures and processes and the proper maintenance of such accounting and other records to facilitate the audit to enable timely submission of the financial statements in accordance with the listing requirements.

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Date of change	09 May 2017
Name	MR CHANG CHEE CHING
Age	61
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Due to work commitments
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications	Mr. Chang completed his Chartered Association of Certified Accountants examinations at Luton College of Technology, United Kingdom. He is a Fellow Member of The Chartered Association of Certified Accountants (U.K.), a member of the Malaysia Institute of Accountants, Malaysia Institute of Certified Public Accountants and an Associate member of The Chartered Tax Institute of Malaysia
Working experience and occupation	He has extensive experience in Auditing of Multinational Corporations, small and medium enterprises, Public and Private Companies and investigations, due diligent review, quality assurance reviews of internally prepared management accounts, budgets, forecasts, review of accounting procedures and internal control processes to identify risk areas and internal audit. He is also experienced in advising business start-ups and compliance with Government rules and regulations, tax compliance, planning and advisory, corporate advisory, management consulting, corporate restructuring including mergers and acquisitions. From 1998 to 2004, he was the Group Managing Director of Bright Packaging Industry Berhad, a company listed on the Second Board of Bursa Malaysia involved in the manufacture of packaging materials with subsidiaries in the print and packaging industry and optical fibre, servicing multi-national clientele worldwide. He resigned from his position to focus on his business in March 2004. He was appointed an Executive Director of NWP Holdings Berhad, a company listed on the Main Board of Bursa Malaysia principally engaged in the business of timber moulding and other timber related businesses, in December 2014 and resigned to focus on his personal business in March 2016.

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Wellspring倒置收购‧每股14仙全购思泰

（吉隆坡15日讯）思泰科技（SMTRACK,0169,创业板科技组）建议以发股方式收购Wellspring有限公司，最终被倒置收购，而新大股东将以每股14仙进行强制性全面献购（MGO）。

思泰科技透过文告指出，建议以3亿1000万令吉收购在纳闽成立，业务涉及供应及分销食物及食物服务产品的Wellspring有限公司，将发出至多2071万股新股和2000万令吉支付，新股售价为14仙。

同时，思泰科技以2配3比例附售附加股，最高发行1亿6904万6325股思泰科技附加股，每3股附加股送2凭单。

另外，在完成上述活动后，思泰科技也建议私下配售占思泰科技最高10%的股票予特定投资者。

在完成上述所有活动后，大股东持股将触及强制全面献购条例，因此，将会进行全面献购。

文章来源：
星洲日报／财经·2017.06.16

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	SMTRACK BERHAD ("SMTRACK" OR "COMPANY")(I)        PROPOSED ACQUISITION; (II)        PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS; (III)        PROPOSED MGO; AND(IV)        PROPOSED PRIVATE PLACEMENT 2(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of SMTrack, TA Securities Holdings Berhad wishes to announce that the Company is proposing to undertake the following: (i) an acquisition of up to 100% of the equity interest of Wellspring Worldwide Limited (“Wellspring”)  comprising 230,000,000 ordinary shares in Wellspring from the shareholders of Wellspring for a total purchase consideration of RM310,000,000 to be satisfied via a combination of issuance of up to 2,071,428,570 new ordinary shares in SMTrack (“SMTrack Shares”) at an issue price of RM0.14 each and cash payment of RM20,000,000 (“Proposed Acquisition”); (ii) a renounceable rights issue of up to 169,046,325 new SMTrack Shares (“Rights Shares”) on the basis of 3 Rights Shares for every 2 existing SMTrack Shares held, together with up to 112,697,550 free detachable warrants (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed at an entitlement date to be determined (“Proposed Rights Issue of Shares with Warrants”); and (iii) proposed private placement of up to 10% of the total number of issued SMTrack Shares after the Proposed Rights Issue of Shares with Warrants and Proposed Acquisition (“Proposed Private Placement 2”). The Proposed Acquisition will entail a mandatory general offer (“MGO”) by the promoters and persons acting in concert (“PAC”) with them (if any) to acquire all the remaining SMTrack Shares and convertible securities in SMTrack not already owned by the promoters following the Proposed Acquisition (“Proposed MGO”). For the avoidance of doubt, this announcement is not a firm intention of the promoters and PACs (if any) to make an offer pursuant to the Proposed MGO as it is subject to the conditions precedent of the share sale agreement being fulfilled/ obtained or waived. The MGO will be undertaken upon all conditions precedent of the share sale agreement being fulfilled/ obtained or have been waived (as the case may be). Please refer to the attachment for further details of the announcement. This announcement is dated 15 June 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5462233

Attachments SMTrack Announcement (15 June 2017).pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2017	31 Jan 2017	30 Apr 2017	31 Jan 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	801	428	1,815	1,014
2	Profit/(loss) before tax	-60	-513	-905	-847
3	Profit/(loss) for the period	-60	-513	-905	-847
4	Profit/(loss) attributable to ordinary equity holders of the parent	-60	-513	-905	-847
5	Basic earnings/(loss) per share (Subunit)	-0.11	-1.47	-1.73	-2.43
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0500		0.0500