Posted on Business Times.
SC raps NasionCom for inflating revenue figures
The telecommunications service provider has to rectify and re-issue its financial statements for the year ended December 31 2005 within a month
“NasionCom’s revenue of RM194.98 million as reflected in its 2005 financial statements contained RM143.11 million sales that were not transacted,” the SC said in a press release late yesterday.
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2 comments:
Anyway they are still in the running for the bid of WIMAX lincense. Not sure if the company's tie to Vincent Tan would bring it any closer to become winner.... do they still have a chance?
Hi Anthony,
For me, what this development tells me that perhaps Nasioncom is less than trustworthy. And from an investment point of view, why invest and be a partner of a company with ppl that you cannot trust completely?
This would be my mindset.
So it makes no difference if Nasioncom is running wimax or not.
just my view,
rgds
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