Pek79 31 posts | Posted by Pek79 > Dec 28, 2023 9:37 AM | Report Abuse From the date it start to jump up, seem like main reason is legal action was proceed to the persons who were said cheated to the company during the Indonesia investment. 13 Dec 2023 LEGAL SUIT AGAINST PT ANGLO SLAVIC UTAMA (1st Defendant), TEY POR YEE (2nd Defendant) AND OOI KOCK AUN (3rd Defendant) 21 Dec 2023 BANKRUPTCY PROCEEDINGS AGAINST TEY POR YEE AND OOI KOCK AUN another reason could be the company finally gain positive profit on 3rd quarter. |
virgogo 134 posts | Posted by virgogo > Dec 28, 2023 11:15 AM | Report Abuse Both Tey and Ooi are former directors of Protasco Bhd. The company was misled by the 2 directors to invest in Indonesia. High court found them guilty. They are well to do individuals. If Protasco is able to recover just half of the judgment sum, will be good enough. |
Diamond7 2160 posts | Posted by Diamond7 > Jan 7, 2024 10:00 AM | Report Abuse Truth is revealed! Chong ket Pen honest businessman... Hope wil brin Prtasco back to glory days! |
kcliew08 54 posts | Posted by kcliew08 > Jan 22, 2024 9:55 PM | Report Abuse Is this a Tun Daim related stock? |
virgogo 134 posts | Posted by virgogo > Feb 2, 2024 6:54 PM | Report Abuse Aiyo. Tun Daim has already lost his influence in awarding contracts. Businessman like Chong are pragmatic and will keep in touch with those in power so that he continue to do business and get contracts. Look at the new contracts awarded to the company the past 2 years. Same as Vincent Tan, who is friendly to all politicians past and present. Someone is intentionally trying to tarnish Chong name. Maybe because of the court case he won recently |
JJPTR 61 posts | Posted by JJPTR > Mar 1, 2024 1:54 PM | Report Abuse THE Securities Commission Malaysia (SC) has filed a civil suit in the Kuala Lumpur High Court against five individuals for allegedly perpetrating a scheme to defraud and/or causing wrongful losses valued at RM120.6 million to four public-listed companies. In a statement on Dec 12, the SC said it filed the suit on Nov 29, 2022 against Tey Por Yee (ASDION, IQZAN ,PRTASCO), Lim Chye Guan(NEXTGRAM}, See Poh Yee(NEXTGRAM, ASDION), Francis Tan Hock Leong (R&A) and Faizatul Ikmi Abdul Razak.(NEXTGRAM, IQZAN) It said the companies involved are 1. Nexgram Holdings Bhd 2. R&A Telecommunication Group Bhd (delisted) 3. Asdion Bhd 4. Ire-Tex Corp Bhd. (new name IQZAN) |
JJPTR 61 posts | Posted by JJPTR > Mar 2, 2024 9:30 AM | Report Abuse Another messy company involving messy Sales and Purchase deal. YNH property Bursa Securities unearths RM150m oversight by YNH Property By Faiqah Kamaruddin January 18, 2024 @ 10:50am KUALA LUMPUR: Heavy selling pressure in YNH Property Bhd has led Bursa Malaysia Securities Bhd to unearth an oversight on YNH Property Bhd's part in not announcing a planned acquisition of a 2.06 hectare site in Desa Hartamas, Kuala Lumpur for RM150 million. When queried by Bursa Malaysia Securities Bhd on an announcement made in May 2023 that its subsidiary Kar Sin Bhd is to dispose of land in Desa Hartamas for RM170 million to Sunway Living Space Sdn Bhd, YNH Property said not announcing the proposed acquisition of the Desa Hartamas land from Great Wall Park Sdn Bhd (GWP) was an oversight on its part. Citing the company's response to a query by Bursa Securities on May 25, 2023 and a query from Bursa Securities on the proposed disposals dated Jan 16, 2024, Bursa Securities asked YNH Property to provide the details and update on the steps/actions taken in rectifying the oversight and ensure that an announcement on the said acquisition is made prior to seeking the approval of YNH's shareholders for the said acquisition. On April 18, 2022, the wholly-owned subsidiary of the YNH Property, Kar Sin Bhd (KSB) entered into a sale and purchase agreement with Great Wall Park Sdn Bhd (GWP) for the proposed acquisition of 2.06 hectare of land in Desa Hartamas, Kuala Lumpur for RM150 million. In April 2022, KSB and GWP entered into a supplemental agreement to use RM239.5 million owing to KSB by GWP following the termination of a turney construction agreement dated June 20, 2016 to be paid as purchase consideration for the land In September 2022, KSB and GWP agreed that KSB is not to to develop the Desa Hartamas land and KSB has sold the land to a third party purchaser. The remainder RM89.5 million is to be refunded by GWP to KSB by June 30, 2024. Questions... 1.Will GWP refund $RM89. 5million to YNH? 2.Original land purchase by YNH subs is RM $150m, than revised to RM170m, than revised to $RM239. 5m. YNH overpaid by $239.5m- $150m=$89.5m. |
Yean Shin 25 posts | Posted by Yean Shin > Mar 27, 2024 1:35 PM | Report Abuse Anyone holding this? Got volume suddenly |
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