KENMARK INDUSTRIAL CO BERHAD 1) Describe in a half page company background
Kenmark Industrial Co. (M) Berhad is a Malaysia-based company. The Company is engaged in the manufacturing of computer workstations, cabinets, furniture; printing of packaging materials; the distribution of consumer products, and investment holding. The Company is also engaged in plastic injection for furniture parts, and assembly and distribution of liquid crystal display (LCD). It exports its products to the United States, Europe, Japan and Australia. The Company’s wholly owned subsidiaries include Kenmark Paper Sdn. Bhd., which is engaged in manufacturing plastic parts for wooden furniture and cabinets, and investment holding; Kenmark (Labuan) Limited, which is engaged in international trading, commission agent and investment holding; Phoenix International Group Limited, which is engaged in trading in electronic devices, and Billion Dynamic Sdn. Bhd., which is engaged in the assembling and trading of electronic devices.

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KENMARK INDUSTRIAL CO (M) BERHAD
Previous company name
Name change date
Company Overview
Kenmark Industrial Co. (M) Berhad is a Malaysian-based firm involved in the manufacturing and trading of computer workstations, cabinets, furniture, and related products in Malaysia. It is a publicly quoted company incorporated in September 1988, and has its registered head officelocated in Kuala Lumpur, Malaysia. The company’s common stock is listed on Kuala LumpurStock Exchange under the trading symbol KMAK.
The company, together with its subsidiaries, also repairs and modifies moulds; prints packaging materials; as well as distributes consumer products in the country.
Among Kenmark Industrial’s subsidiaries are: Kenmark Paper Sdn. Bhd., which is focused in manufacturing plastic parts for wooden furniture, cabinets and investment holding; Kenmark (Labuan) Ltd., active in international trading, commission agent and investment holding; and Billion Dynamic Sdn. Bhd., which is engaged in assembling and trading of electronic device.
Business Summary
The Company is principally involved in the manufacture of wood-based products which are usually sold in Completely-Knocked-Down form.
Description and history
The Company is principally involved in the manufacture of wood-based products which are usually sold in Completely-Knocked-Down form. It also engages in the printing of packaging materials, mainly colored boxes for its wood-based products. The products are mainly exported to USA, Japan, Europe, New Zealand, Australia and Canada. Its subsidiarymanufactures plastic parts for its wood-based products.
Factory operations are located in Port Klang. Presently, production capacity per annum is 2.4m units of wooden cabinets, 360,000 units of computer tables, 180,000 units of audio-visual and CD stereo stands, 480,000 units of television cabinets and 168,000 units of book shelves. Packaging parts and sections production capacity is 13.2m units per annum.
The Company has officially been transferred from the second board (KLSE) to the main board listing on September 3, 2001.
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Business Line
Involved in the manufacturing and trading of computer workstations, cabinets, furniture, and related products in Malaysia
Subsidiary
BILLION DYNAMIC SDN BHD
Advisor
MESSRS HORWATH
IPO date
11/3/1997
US SIC Code
2511
Company Address
Kompleks Antarabangsa, Tower Block, 10th Floor
Jalan Sultan Ismail
City province or state postal code
50250, KUALA LUMPUR
Phone: +60 03 2145 4337
Fax: +60 03 2141 5757
Country address: MALAYSIA
Website url:

http://listofcompanies.co.in/kenmark-industrial-co-m-berhad/

2) Describe the nature of fraud and when it happened?
Kenmark has definitely hogged the limelight of late, with the bizarre saga starting from the sudden disappearance of its Taiwanese managing director, James Hwang, in late May. His disappearance created chaos, and the company’s share price plunged from over 80 sen to 4.5 sen in a matter of days.
Then the market saw the emergence of Datuk Ishak Ismail, with a 32% stake in Kenmark. However, that was not to last. Just over a week later, Ishak dumped his entire stake and Kenmark slumped again to the 10 sen level.
On June 16, the SC obtained an ex-parte injunction to prevent Ishak from dealing in the RM10.2mil proceeds from the sale of his Kenmark shares.
In the Linear Corp case, the central allegation is that almost all of its cash was taken out by one director. On Dec 29 last year, Linear had been awarded a massive RM1.67bil contract to build a district cooling plant, also known as the “King Dome” project in Manjung Perak by Seychelles-based company Global Investment Group Inc.
Linear’s former director Alan Rajendram paid out its entire cash hoard of RM36mil without board approval. In June, startling discoveries showed that there was no evidence of any significant progress towards the execution of the contract, and no documentary evidence to demonstrate the overall viability of the King Dome project.
Meanwhile, Axis Inc, a PN17 company, said on June 9 that a whole load of documents, including purchase and delivery orders, bank statements and cheque butts, some dating back to 2004, had gone missing, prompting it to make massive write-offs. Most of these documents were related to its dealings with questionable contract manfacturers.
Mid last year, auditors questioned the sharp rise in receivables from contract manufacturers, mainly in Cambodia, from RM11mil in March 2007 to RM105mil in March 2008. It still still remains to be seen who these “contract manufacturers” are, and how they were walked away with some RM100mil. http://www.investmentmalaysia.org/2014/08/famous-past-scandals-in-bursa-malaysia/ 3) njshadjha http://www.skyscrapercity.com/showthread.php?t=1296617&page=2 detail kenmark http://www.investlah.com/forum/index.php?topic=52190.0 – berguna https://rightways.wordpress.com/2010/06/05/what%E2%80%99s-going-on-in-kenmark/ http://www.zamsaham.com/teori17.php#!/tcmbck - in msia