2012 AGM Update

Owing to the transition of management we tentatively scheduled the 2012 AGM for mid to late September.

Last March we appointed  Yee Choon Kong & Co Chartered Accountants to perform the 2011 financial audit.

Unfortunately the completion of the audit is delayed due to the developer owned management company Villa Wangsamas Sdn Bhd failing to grant access to view the fixed deposits which incidentally should have been handed over to the JMB by now.

We are hopeful that the auditor will meet with the Setapak Heights soon to close off this last point.

A draft copy of the report excluding the fixed deposits has been made available and in the interests of transparency we plan to publish this shortly.

In addition to the audit delay there are still some accounting issues to address following the handover from SPM to JL which are preventing a complete understanding of the 2012 financials.

Owing to the delay in completing the audit, the AGM we have contacted the COB and been granted an extension until the end of October.

We have now tentatively scheduled the 2012 AGM on Saturday 20 October 2012.

Once this is confirmed we will ensure that notices are posted and the management office team send the formal notification.