Latest news with #Smile-Link
The Star
29-07-2025
- Business
- The Star
Bursa rebukes Smile-Link for audit delay
KUALA LUMPUR: Bursa Malaysia has publicly reprimanded dental outfit Smile-Link Healthcare Global Bhd for failing to submit its annual audited financial statements (AFS) for the financial period ended June 30, 2024, within the stipulated timeframe. In a statement, Bursa Malaysia said Smile-Link breached Rule 6.13 of the LEAP Market Listing Requirements, which requires listed companies to announce their AFS together with the auditors' and directors' reports on or before Oct 31, 2024. 'Smile-Link only made the announcement on April 30, 2025, resulting in a six-month delay. The company was also required to ensure its board of directors review and assess the adequacy and competency of the company's finance and accounting resources and adequacy and , comprehensiveness of the company's policies and procedures in respect of financial reporting,' it said. — Bernama Trading ideas: Yinson, Zetrix AI, Ekovest, Insas, BFood, Ireaka, TechStore, Smile-Link, KAB, FSMB, MMC Port, Eco-Shop, Alpha IVF
New Straits Times
28-07-2025
- Business
- New Straits Times
Smile-Link Healthcare reprimanded for Leap Market listing breach
KUALA LUMPUR: Bursa Malaysia has issued a public reprimand to Smile-Link Healthcare Global Bhd for violating the Leap Market listing requirements. The stock exchange said Smile-Link Healthcare failed to announce its audited financial statements (AFS 2024) including the auditors' and directors' reports for the 18-month financial period ending June 30, 2024, by the deadline of Oct 31, 2024. "Smile-Link only released the AFS 2024 on April 31, 2025, resulting in a six-month delay," it said in a statement. Bursa said the delay was primarily due to unresolved issues and disputes with the company's external auditors, which eventually led to their removal on Jan 20, 2025. However, it said the delay was unjustified, stressing that all listed companies are expected to fulfil their recurring regulatory obligation to announce financial statements on time. "Bursa Malaysia views the breach seriously as timely submission of financial statements is a fundamental obligation of listed companies and is of paramount importance in ensuring an orderly and fair market for securities traded. "Bursa Malaysia has also reminded Smile-Link and its board of directors of their responsibilities to maintain the appropriate standards of corporate responsibility and accountability to its shareholders and the investing public," it said.
Barnama
28-07-2025
- Business
- Barnama
Bursa Malaysia Reprimands Smile-Link For Delay In Submitting Audited Financial Statements
BUSINESS KUALA LUMPUR, July 28 (Bernama) -- Bursa Malaysia Securities Bhd has publicly reprimanded dental outfit Smile-Link Healthcare Global Bhd for failing to submit its annual audited financial statements (AFS) for the financial period ended June 30, 2024, within the stipulated timeframe. In a statement today, Bursa Malaysia said Smile-Link breached Rule 6.13 of the LEAP Market Listing Requirements (LEAP LR), which requires listed companies to announce their AFS together with the auditors' and directors' reports on or before Oct 31, 2024. 'Smile-Link only made the announcement on April 30, 2025, resulting in a six-month delay. 'The company was also required to ensure its board of directors review and assess the adequacy and competency of the company's finance and accounting resources and adequacy, comprehensiveness, implementation and effectiveness of the company's policies and procedures in respect of financial reporting,' it said. Bursa Malaysia stated that the finding of Smile-Link's breach and the imposition of a public reprimand were in accordance with Rule 8.12 of the LEAP LR, following the completion of due process and consideration of all facts and circumstances, including the breach's materiality and impact. It said the breach was viewed seriously as the timely submission of financial statements is a fundamental obligation of listed companies and is essential to ensuring an orderly and fair market, as well as supporting informed investment decisions. 'Bursa Malaysia has also reminded Smile-Link and its board of directors of their responsibilities to maintain the appropriate standards of corporate responsibility and accountability to its shareholders and the investing public,' it added. -- BERNAMA
