【VERSATL 4995 交流专区】蔚世泰

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VERSATILE CREATIVE BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	VERSATILE CREATIVE BERHAD PRIVATE PLACEMENT
No. of shares issued under this corporate proposal	11,733,800
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.3620
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	129,072,481
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 62,916,976.100
Listing Date	02 Jul 2018

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

VERSATILE CREATIVE BERHAD

Particulars of Substantial Securities Holder

Name	NSK TRADING SDN BHD
Address	NO. 5-9A, THE BOULEVARD OFFICES MID VALLEY CITY LINGKARAN SYED PUTRA KUALA LUMPUR 59200 Wilayah Persekutuan Malaysia.
Company No.	230924-V
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARE
Name & address of registered holder	NSK TRADING SDN BHD (230924-V)NO. 5-9A, THE BOULEVARD OFFICES, MID VALLEY CITY, LINGKARAN SYED PUTRA, 59200 KUALA LUMPUR

Date interest acquired & no of securities acquired
Date interest acquired	29 Jun 2018
No of securities	17,481,600
Circumstances by reason of which Securities Holder has interest	ACQUISITION VIA OPEN MARKET AND DIRECT BUSINESS TRANSACTION
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	17,481,600
Direct (%)	13.544
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	02 Jul 2018
Date notice received by Listed Issuer	02 Jul 2018

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Name	NSK TRADING SDN BHD
Address	NO. 5-9A, THE BOULEVARD OFFICES MID VALLEY CITY LINGKARAN SYED PUTRA KUALA LUMPUR 59200 Wilayah Persekutuan Malaysia.
Company No.	230924-V
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARE

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	02 Jul 2018	5,363,300	Acquired	Direct Interest
	Name of registered holder	NSK TRADING SDN BHD
	Address of registered holder	NO. 5-9A, THE BOULEVARD OFFICES, MID VALLEY CITY, LINGKARAN SYED PUTRA, 59200 KUALA LUMPUR
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	ACQUISITION VIA OPEN MARKET AND DIRECT BUSINESS TRANSACTION
Nature of interest	Direct Interest
Direct (units)	22,844,900
Direct (%)	17.699
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	22,844,900
Date of notice	02 Jul 2018
Date notice received by Listed Issuer	02 Jul 2018

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Type	Announcement
Subject	OTHERS
Description	UNAUTHORISED PAYMENTS
The Board of Directors (“the Board”) of Versatile Creative Berhad (“the Company”) wishes to disclose that they have discovered financial irregularities arising from unauthorised payments to third parties between August 2017 and June 2018. Following the discovery, the Board has appointed Crowe Malaysia to carry out a forensics audit. On 2 July 2018, Dato’ Lee Kwee Hiang, the Chairman of the Company, also lodged a police report. The Managing Director and the Chief Financial Officer of the Company have been suspended pending investigation by the forensics auditor. The financial impact of the said financial irregualrities can only be ascertained upon completion of the forensics audit. MEASURES OR STEPS TAKEN Measures taken include - The appointment of Crowe Malaysia to carry out a forensics audit to ascertain the extent of the financial irregularities and the person(s) responsible; Dato Lee Kwee Hiang will be the acting Managing Director; and Andy Yap Jee Wye will be the acting chief financial controller. Further announcements would be made upon completion of the forensics audit.

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Name	NSK TRADING SDN BHD
Address	NO. 5-9A, THE BOULEVARD OFFICES MID VALLEY CITY LINGKARAN SYED PUTRA KUALA LUMPUR 59200 Wilayah Persekutuan Malaysia.
Company No.	230924-V
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARE

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	04 Jul 2018	4,468,000	Acquired	Direct Interest
	Name of registered holder	NSK TRADING SDN BHD
	Address of registered holder	NO. 5-9A, THE BOULEVARD OFFICES, MID VALLEY CITY, LINGKARAN SYED PUTRA, 59200 KUALA LUMPUR
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	ACQUISITION VIA OPEN MARKET AND DIRECT BUSINESS TRANSACTION
Nature of interest	Direct Interest
Direct (units)	27,312,900
Direct (%)	21.161
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	27,312,900
Date of notice	05 Jul 2018
Date notice received by Listed Issuer	06 Jul 2018

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	05 Jul 2018	1,300,000	Acquired	Direct Interest
	Name of registered holder	NSK TRADING SDN BHD
	Address of registered holder	NO. 5-9A, THE BOULEVARD OFFICES, MID VALLEY CITY, LINGKARAN SYED PUTRA, 59200 KUALA LUMPUR
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	ACQUISITION VIA OPEN MARKET
Nature of interest	Direct Interest
Direct (units)	28,612,900
Direct (%)	22.168
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	28,612,900
Date of notice	06 Jul 2018
Date notice received by Listed Issuer	06 Jul 2018

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Type	Announcement
Subject	OTHERS
Description	UNAUTHORISED PAYMENTS
With reference to the announcement on UNAUTHORISED PAYMENTS dated 03.07.2018 and further to the enquiry by BURSA, the Board of Directors (“the Board”) of Versatile Creative Berhad (“the Company”) wishes to announce the Company’s operations is not expected to have any impact. The investigation and forensics audit which commenced on 03.07.2018 is expected to be completed within 3 weeks from the commencement date.

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Date of change	08 Jul 2018
Name	MR YAP JEE WYE
Age	48
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	due to personal reasons

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Type	Announcement
Subject	OTHERS
Description	Versatile Creative Berhad (VCB or the Company) - Delay in issuance of Annual Report 2018 that includes annual audited financial statements for the financial year ended 31 March 2018 pursuant to Paragraph 9.23(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Pursuant to Paragraph 9.28(3) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of VCB wishes to announce that the Company is unable to release its Annual Report 2018 together with the Audited Financial Statements for the financial year ended 31 March 2018 (“Outstanding AR”) by 31 July 2018 (“Timeframe”) to Bursa Securities as required under Paragraph 9.23(1) of the MMLR due to unforeseen delays in the finalization of the AR pending the conclusion of the forensic audit. In view of the above, VCB targets to issue and submit its Outstanding AR to Bursa Securities not later than 5 market days from 31 July 2018. Pursuant to Paragraph 9.28(5) of the MMLR, if VCB fails to issue the Outstanding AR 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"), i.e. by 7 August 2018, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the ordinary shares of VCB. The suspension shall be effected on the next market day after the Suspension Deadline i.e. at 9.00 a.m. on Wednesday, 8 August 2018 and will be uplifted on the market day following the issuance of the Outstanding AR unless otherwise determined by Bursa Securities. Pursuant to Paragraph 9.28(6) of the MMLR, if VCB fails to issue the Outstanding AR 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 by Bursa Securities against VCB. As at to-date, the Company is awaiting the conclusion of the forensic audit before finalizing the  production of the AR. This announcement is dated 26 July 2018.

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VERSATL - SUSPENSION OF TRADING

VERSATILE CREATIVE BERHAD

The above Company has failed to submit 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 March 2018 ("AR 2018") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe i.e. 31 July 2018, pursuant to paragraph 9.23(1) of Bursa Securities' Main Market Listing Requirements ("LR").

Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes stated in Paragraph 9.23(1) of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.

In the event that the Company is still unable to submit the AR 2018 by 7 August 2018, trading in the Company’s shares will be suspended with effect from 9.00 a.m., Wednesday, 8 August 2018 pursuant to Paragraph 9.28(5) of the Main Market Listing Requirements until further notice..

Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against such listed issuer.

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Date of change	06 Aug 2018
Name	MR NGEW SEE ENG
Age	48
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Operating Officer
Qualifications	Degree in chemical
Working experience and occupation	Start working since 1993 in National Starch & Chemical (known as Henkel now) until 1999, joined Sunace Kakoh until 2001 before joining Bostik Findley (M) Sdn Bhd until 2015.

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Type	Announcement
Subject	OTHERS
Description	UNAUTHORISED PAYMENTS
Reference is made to the previous announcements on UNAUTHORISED PAYMENTS released on 3.7.2018, 6.7.2018 and 24.7.2018. The Board of Directors (“the Board”) of Versatile Creative Berhad (“the Company”) wishes to update that the forensics audit report from Crowe Malaysia was completed on 8.8.2018 (“Report”). The Report found, amongst others, that there were irregularities in payments amounting to RM 2.3 million which were approved by the Company’s Managing Director and Chief Financial Officer. The Report also found that the Managing Director and Chief Financial Officer could not account for the RM 2.3 million and failed to provide evidence as to whom the RM 2.3 million was paid to. Further announcements will be made once the Board deliberates on the Report and decides on the next steps to be taken.

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蔚世泰向董事经理及总财务长发要求解释信
Supriya Surendran/theedgemarkets.com
August 13, 2018 20:50 pm +08

（吉隆坡13日讯）蔚世泰（Versatile Creative Bhd）针对230万令吉的未授权付款，已向董事经理和总财务长发出要求解释信（show-cause letter）。

蔚世泰今日向大马交易所报备，针对要求解释信中提到的指控，董事经理Datuk Wong Kong Choong @ Leong Kong Choong和总财务长Tan Quok Eow有7天的时间提供书面答复。

两人也将从今天起停职14天或直到董事部另行通知。

蔚世泰上周表示，董事部上个月下令对集团一些可疑付款进行的法务审计已于8日完成，并确认存在涉及230万令吉付款的违规行为。

报告也发现，这些付款是由董事经理和总财务长所批准，但两人都无法证明上述款项的收款人。

由于未能按时提交截至2018年3月31日止财政年的年度报告，蔚世泰从本月8日起暂停交易。

该集团当时表示，这是由于在等待法务审计完成，因此无法按时发布年报。

（编译：陈慧珊）

Type	Announcement
Subject	OTHERS
Description	UNAUTHORISED PAYMENTS
Reference is made to the previous announcements on UNAUTHORISED PAYMENTS released on 3.7.2018, 6.7.2018, 24.7.2018 and 10.08.2018. The Board of Directors (“Board”) of Versatile Creative Berhad ("the Company") wishes to inform that today the Board has issued and served the show-cause letters on the Company’s Managing Director and Group Chief Financial Officer relating to irregularities in payments amounting to RM 2.3 million. They have been given seven (7) days from today to provide a written reply pertaining to the allegations mentioned in the show-cause letters and shall be suspended for fourteen (14) days from today or until further notice from the Board. This announcement is dated 13 August 2018.

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Type	Announcement
Subject	OTHERS
Description	VERSATILE CREATIVE BERHAD (VCB or the Company)GENERAL ANNOUNCEMENT: LETTER AND NOTICE OF EXTRAORDINARY GENERAL MEETING (EGM)
VCB wishes to announce that the Company had on 14 August 2018, received a letter and Notice of Extraordinary General Meeting (“EGM”) in relation to appointment of new Directors and a Joint Company Secretary from NSK Trading Sdn Bhd, a substantial shareholder of the Company holding at least ten per centum of the issued capital of the Company. A copy of the Notice of EGM dated 14 August 2018 is attached. This announcement is dated 14 August 2018

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5883853

Attachments Letter and Notice of EGM.pdf

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Date of change	21 Aug 2018
Name	MISS LIM SIEW YENG
Age	27
Gender	Female
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	Diploma in Advertising Design
Working experience and occupation	Ms. Lim started her career in 2013 and holding various managerial posts in sales, operation, cash and inventory management in both retail and food & beverage industry.
Directorships in public companies and listed issuers (if any)	N/A
Family relationship with any director and/or major shareholder of the listed issuer	Her father, Mr. Lim Chou Bu, is a major shareholder of the Company through his interest held in NSK Trading Sdn. Bhd.

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Date of change	21 Aug 2018
Name	MR KHAT CHEE HOW
Age	33
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	Bachelor Degree In Business Administration Members of Malaysian Institute of Chartered Secretaries and Administrators
Working experience and occupation	Mr. Khat Chee How more than 10 years working experience particularly in corporate planning, fund raising, corporate secretarial, Investors relation activities, tax planning, financial management and risk management in various Industries and mainly attached to the corporate office of public listed companies.

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Date of change	21 Aug 2018
Name	DATO SRI WIRA AYUB BIN HAJI YAAKOB
Age	64
Gender	Male
Nationality	Malaysia
Designation	Non Executive Director
Directorate	Independent and Non Executive
Type of change	Appointment
Qualifications	Diploma in Public Admin from Institute Teknologi MARA Diploma in Police Science from Universiti Kebangsaan Malaysia Certificate in Sustainable Leadership from Wolfson College, University of Cambridge United Kingdom.
Working experience and occupation	Dato'Sri Wira Ayub joined the Royal Malaysia Police in 1977. In 1978, he was stationed in Pulau Pinang as an Officer responsible for the Crime Investigation Department. He was appointed as a Coach of the Police Training Center in Negeri Sembilan and subssequently was appointed as a Development Officer of the Ministry of Home Affairs as well as logistic/Finance Department, Bukit Aman, Kuala Lumpur. He was then promoted to the Superintendent of Police.From 2000 to 2005, Dato' Sri Wira Ayub was promoted to the Assistant Commissioner of Police and served as Aide de Camp (ADC) to His Majesty The Yang Di Pertuan Agong. He was then attended and successfully completed a program in the aspect of Community Policing at the University of Cambridge, United Kingdom. He was then served as the Chief of Police in the state of Melaka and Terengganu. In 2008, he was promoted to the chief of the Police Department in Pulau Pinang. In 2012, Dato' Sri Wira Ayub was appointed as the Chairman in NKRA Secretariat of Criminal investigation Department in Bukit Aman, Kuala Lumpur and was subsequently promoted to the Commissioner of Police. In the following year, he was appointed as First Director of the Crime Prevention and Community Safety Department.Dato' Sri Wira Ayub retired from the position of Commisioner in 2014 and is currently a member of the Board of Trustees, Yayasan Pengaman of Malaysia and Police Corporative of the Royal Malaysia Police

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	15,147	13,432	15,147	13,432
2	Profit/(loss) before tax	-4,027	24	-4,027	24
3	Profit/(loss) for the period	-4,027	24	-4,027	24
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,027	24	-4,027	24
5	Basic earnings/(loss) per share (Subunit)	-3.43	0.02	-3.43	0.02
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 ($$)	0.3800		0.4400

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Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN QUALIFIED OPINION
Description	VERSATILE CREATIVE BERHAD (VCB or the Company)QUALIFIED OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2018.
Pursuant to Paragraph 9.19(37) of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Versatile Creative Berhad ("VCB" or "the Company") hereby announce that the Company's External Auditors, Messrs Baker Tilly Monteiro Heng, had expressed a qualified opinion in the Company’s Audited Financial Statements for the financial year ended 31 March 2018. A copy of Audited Financial Statements and Messrs Baker Tilly Monteiro Heng’s Report is annexed herewith. This announcement is dated 07 September 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5909349

Attachments Versatile Creative Berhad [url=home.php?mod=space&uid=2346032]@ 7.9.2018.pdf[/url]

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Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN QUALIFIED OPINION
Description	QUALIFIED OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2018.
Further to the announcement dated 07 September 2018 made by the Company in relation to the qualified opinion in External Auditors' report for the financial year ended 31 March 2018, the Company wishes to announce on the following steps to be taken to address those qualifications:- Basis for Qualified Opinion As disclosed in Note 9(a) to the financial statements, included in prepayments of the Group are purported professional fees paid of RM1,900,000 for land conversion services. On 3 July 2018, the Board of Directors of the Company had appointed Forensic Accountants to conduct an investigative review on the payment transactions. They were unable to obtain sufficient appropriate audit evidence and satisfactory explanations on the aforesaid payments. Consequently, they were unable to determine whether any adjustments to these payments on the financial statements of the Group were necessary. Steps taken or proposed to be taken The Board of Director had appointed Crowe Malaysia as the Forensic Accountants to conduct an investigative audit on the payment transactions. The investigative audit commenced on 3 July 2018. On 10 August 2018, the Board further announced on the completion of the investigative audit (“the Report”) where the Report found, amongst others, that there were irregularities in payments amounting to RM2,300,000 which were approved by the Company’s Managing Director and Chief Financial Officer. The Board is still trying to obtain the required information from the relevant parties.  The Board is also exploring various options to recover the said amount from the relevant parties. Timeline Within the next financial year. The Company will make further announcements to update on the above accordingly. This announcement is dated 7 September 2018.

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Date of change	30 Aug 2018
Name	TAN SRI DATUK SERI PANGLIMA ABDUL GANI PATAIL
Age	63
Gender	Male
Nationality	Malaysia
Designation	Non Executive Director
Directorate	Independent and Non Executive
Type of change	Appointment
Qualifications	Bachelor of Laws (Hons) degree from the University of Malaya. Doctor of Laws (Honoris Causa), University of Notthingham
Working experience and occupation	Tan Sri Datuk Seri Panglima Abdul Gani Patail began his legal career the following year as a Deputy Public Prosecutor (the title for a prosecuting officer in Malaysia) in Kota Kinabalu, Sabah.  In 1985, he was promoted to Senior Federal Counsel for Sabah.In January 1994, he moved to the Attorney Generals Chambers in Kuala Lumpur.  There he was appointed Head of the Prosecution Division (1994 and again in 2000), head of the Advisory and International Division (1995) and Commissioner of Law Revision (1997).On 1 January 2002, he was appointed Attorney General of Malaysia and served the position until 2015.He is currently the senior partner of Gani Patail Chambers.