<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 31): Practice Note 17 (PN17) company Maxwell International Holdings Bhd said it is still unable to issue its annual report for the year ended Dec 31, 2017 (FY17) which was due to be submitted by April 30.</p></div>

<div class=newsTextDataWrapInner><p>The China-based sports footwear manufacturer said it is still experiencing cash flow problems for the completion and finalisation of its FY17 audit.</p></div>

<div class=newsTextDataWrapInner><p>It added that it is seeking potential investors to secure funding for the company, and is conducting regular meetings with the board to obtain funding to complete the audit.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Maxwell is expecting to issue and submit its Annual Report 2017 within three months after the completion of the annual audited financial statements of the group for FY17," the group said in a filing to the exchange.</p></div>

<div class=newsTextDataWrapInner><p>Trading in Maxwell shares has been suspended from May 10, following the non-submission of the annual report.</p></div>

<div class=newsTextDataWrapInner><p>The company slipped into PN17 status in August 2016 after its external auditors expressed a disclaimer of opinion on its audited financial statements for FY15.</p></div>


KUALA LUMPUR (July 31): Practice Note 17 (PN17) company Maxwell International Holdings Bhd said it is still unable to issue its annual report for the year ended Dec 31, 2017 (FY17) which was due to be submitted by April 30.

The China-based sports footwear manufacturer said it is still e...

Maxwell still unable to submit annual report due to cash flow problems

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KOTA BHARU (April 23): The man involved in the shooting incident at the Kuala Lumpur International Airport (KLIA) in Sepang on April 14 will be charged in a Kota Bharu court on Wednesday (April 24), according to the police.

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Malaysia's education system must be synonymous with the development of the country, said Higher Education Minister Datuk Seri Zambry Abd Kadir.

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IPOH (April 23): The post-mortems of 10 victims of the tragedy of two helicopters colliding near the Royal Malaysian Navy (TLDM) base in Lumut, currently being carried out at the Raja Permaisuri Bainun Hospital here, are expected to be completed by Wednesday (April 24) afternoon.

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<p>Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.</p>


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<p>KUALA LUMPUR (April 23): Former Sapura Energy Bhd chief executive officer Tan Sri Shahril Shamsudin has settled his defamation lawsuit against Economics Minister Rafizi Ramli out of court.</p>


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<p>Cypark Resources Bhd said on Tuesday that its 100MW Large Scale Solar 3 (LSS3) hybrid solar plant project in Merchang, Terengganu, will transition to full commercial operations by next month.</p>

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<h3><strong><span style="color:#d35400;">MyEG Services Bhd</span></strong></h3>

<p>Target price: <strong>RM1.15 <span style="color:#27ae60;">ADD</span></strong></p>

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<p>Apple's smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as its dominance in the high-end segment came under pressure from Huawei's new product launches, market data showed.</p>


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<p>High crude oil prices&nbsp;caused by&nbsp;tension in the Middle East&nbsp;will help to boost Malaysia's oil and gas exports. However, escalated fuel&nbsp;prices will dampen the country’s economic growth, according to the Socio-Economic Research Centre (SERC).</p>
