Another Misleading News Article?

Surfing thru the Bursa website, I chanced upon this announcement: Ygl Convergence Berhad ("Ygl" or "the Company") - Article Entitled:"YGL embarks on acquisition trail"

• Reference is made to the query letter from Bursa Malaysia Sceurities Berhad ("Exchange") dated 25 June 2007 (Ref No: NM-070625-51075) on the above article ("Query Letter").
  
  The Company wishes to inform the Exchange that the Company had some problems with the office fax machine for the past few days and as such, the Company only managed to receive a copy of the Query Letter which was re-faxed by the Exchange at 3.47 p.m. on 28 June 2007. The Company sincerely apologise for any inconvenience caused to the Exchange by not being able to reply to the Query Letter in a timely manner. Accordingly, the Company furnish herewith the reply within one market day from the date the Company received the Exchange's Query Letter.
  
  In this respect, the Company wishes to clarify the following statements which appeared in the New Straits Times, Biznews, page 42, on Saturday, 23 June 2007:-
  
  (i) Pertaining to the sentence "... several acquisitions and joint ventures are on the horizon this year… ".
  
  The Company wishes to clarify that the Company did not comment on the number of acquisitions and joint ventures nor its timing thereof during the press conference. The press had misinterpreted the Company's statement in reply to the question raised as to the reason for the recent fund raising exercise of RM9 million undertaken through the issuance of new shares via a private placement. The Company informed the press that the fund raising exercise was mainly to cater to the YGL group's working capital requirements.
  
  (ii) Pertaining to the sentence " YGL… is also eyeing listing on a regional bourse… ".
  
  The Company wishes to deny this statement as YGL at this particular moment has no plans to list on a regional bourse.
  
  This announcement is dated 29 June 2007.

How?

1. Was this simply POOR reporting or was there an intent to mislead?

2. How would a normal reader of our newpapers know if what they read was badly misinterpreted by the reporter?

3. Will the newspaper publish a retraction of what has been written?

4. Do you believe that something needs to be done URGENTLY?