Courts Mammoth

Courts Mammoth Berhad
The company was incorporated in Malaysia under the Companies Act, 1965 on 23 July 1986 as a private limited company in the name of Courts Furnishers (Malaysia) Sdn. Bhd. On 30 June 1997, the company changed its name to Courts Mammoth Sdn. Bhd. It was subsequently converted into a public company and assumed its present name, Courts Mammoth Berhad on 1 July 1997. The principal activity of the company is the retailing of electronic and electrical appliances and household furniture and furnishings. The company does not have any subsidiary or associated company.
The key management team of Courts comprises people with proven capabilities and experience in their respective fields of retail operations, finance, marketing, credit control and management. They have contributed significantly to Courts’ success.
Courts also stated the investment considerations which applicants for the New Shares should carefully consider, in addition to other information contained elsewhere in this Prospectus, before applying for the New Shares. It contains ten considerations. First, political and economic factors which the Company’s growth and level of profitability may depend to some degree on future economic developments in Malaysia. Second, no prior market for Courts’ shares. There can be no assurance that an active market for Courts’ shares will develop upon its listing on the Main Board of the KLSE or, if developed, that such a market will be sustained. Third, control by substantial shareholder. The major substantial shareholder, CFO, will be able to effectively control the outcome of certain matters requiring the vote of the Company’s shareholders, including the constitution of the Board of Directors, the direction and future operation of the company.
Fourth, business risk. Courts is subject to certain risks inherent in the retailing sector and also subject to credit as a major portion of the Company’s sales are made on installment basis. Although the company...