Tey Por Yee and his magical arms length deal with Protasco

As the countdown to next week’s Protasco EGM continues, here are some interesting points to ponder for shareholders who may want to consider why Tey Por Yee should be kicked out from Protasco’s board.

Actually all those who have dealings with the Tey Por Yee syndicate and also the public at large should take note of this cautionary tale.

Just to go back a little Tey Por Yee had in 2012 brought to the attention of Protasco a deal to invest in an oil and gas venture in Indonesian concern PT Anglo Slavic Indonesia (PT ASI).

As part of the deal some RM50 million was paid upfront, and as collateral shares in a seemingly unrelated Indonesian company PT Inovisi was pledged as collateral to Protasco.

It should be noted that all this while the Protasco board (the innocent members of the board that is) thought they were dealing with Indonesian companies and businessmen.

Tey Por Yee was allegedly arms length away from the deal. His only interest or so he was to lead the board to believe was with Protasco benefiting from the deal.

Now back to the PT Inovisi shares pledged for the deal. These shares were in the name of Acclaim Investments, a company registered in the BVI with a paid up capital of US$100.

It has now emerged that Acclaim Investments was set up in 2009 with just two shareholders. Guess who? Tey Por Yee with 85 shares and his sidekick Ooi Kok Aun with 15 shares.

(As for February 6, 2014 these two men now no longer own any shares in Acclaim. It is now 100 per cent held by one Lim Sue Fern)

Plus the fact that Tey Por Yee and Ooi Kok Aun also own or have beneficial interests in the various companies with interests in the PT Slavic deal one can now see this tangled web that the two men spun to entangle Protasco and ultimately receive US$27 million in a deal which has just fallen apart.

So not bad lah this magician. He has got the US$27 million, Protasco has lost the money and there’s no deal on the table any more.

You can draw your own conclusion as to who got cheated and who was the victim of what can only be called a giant scam.

So who do you think you would vote out of Protasco’s board?

KUALA LUMPUR, Jan 15 — A former director of Protasco Bhd was charged in the Ampang Sessions Court today with fraud involving RM68 million, and making a false declaration, four years ago.

Datuk Tey Por Yee, 40, claimed trial to both charges. On the first charge, he is accused of concealing information from the company’s board of directors and officers that he had a vested interest in a company, PT Anglo Slavic Utama in Indonesia.

In so doing, he allegedly misled the victims into entering into an oil and gas investment agreement with PT Anglo Slavic Utama through the purchase of 63 per cent of PT Anglo Slavic’s shares in Indonesia worth US$22 million (RM68,393,170).

The payment for the shares was allegedly channelled in stages to two CIMB PT ASU accounts.

Tey is accused of committing the offence at Protasco Bhd’s office at Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang here, between November 2012 and January30, 2014.

On the second charge, he allegedly made a sworn false statement before Wern Li Morsingh, a Commissioner of Oaths that he did not have any vested interests in PT Anglo Slavic Utama, whether as a director or shareholder. He is accused of committing the offence in the company’s conference room at the same place on July 25, 2014.


Judge Rushan Lutfi Mohamed set bail at RM1 million with one surety and February24 for re-mention.

Tey was also ordered to surrender his passport to the court and to refrain from harassing the prosecution’s witnesses.

Deputy public prosecutor Datin Nurshuhaida Zainal Azahar acted for the prosecution while counsel Datuk K.Kumaraendran and Mak Lin Kum represented the accused. — Bernama

- See more at: http://m.themalaymailonline.com/malaysia/article/ex-company-director-charged-with-rm68m-fraud#sthash.TDd0iMeD.dpuf

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The judge should already read the case dossiers right? So logic dictates when he ordered tpy not to harrass the prosecution witness then there should be sufficient evidence beyond reasonable doubt that tpy did attempted to tampering with witness right? LOL LOL

Naughty crooked tpy...

Nexgram is heading to zero valuation. Better cut loss now LOL LOL

Nexgram is a trash penny stock that not even jordan belfort in his heyday would want to touch it LOL LOL

The bail set by judge in the security fraud case committed by Low Thiam Hock aka "Repco Low" is RM 300,000, while the bail set for tpy is RM 1,000,000. So we may conclude that the crime of tpy far exceeding that of Repco Low. Agree? LOL LOL

KUALA LUMPUR, Nov 20 — Public-listed engineering, property and construction company Protasco Bhd has filed an application to cite two of its directors for acting in contempt of court by allegedly interfering with witnesses in a multi-million ringgit lawsuit brought against it.

In a statement today, Protasco accused two of its directors Tey Por Yee and Ooi Kock Aun, as well as their lawyer Gideon Tan, of interfering with a key witness’s evidence in the court case.

Protasco said the star witness and his Indonesian lawyers had already given statutory declarations on the alleged interference, adding that action by the three men amount to “attempts to pervert and/or obstruct the course of justice”.

“On November 18, 2014, Protasco obtained leave of Court to initiate committal proceedings against Tey, Ooi and Gideon Tan, where they must show cause why they should not be fined or committed to imprisonment for contempt of court.

“The High Court has fixed December 8, 2014 as the date for the High Court to hear the committal proceedings,” the company said in a statement.

Protasco had in September mounted a US$27 million (RM90.87 million) lawsuit against an Indonesian company, PT Anglo Slavic Utama (ASU) to recover its money and against Tey and Ooi for alleged conspiracy to defraud, making secret profits, breaching their fiduciary and statutory duties, and hiding their beneficial interests in the latter.

The hearing for the alleged contempt of court case comes ahead of two different extraordinary general meetings (EGM) by Tey and Ooi and the company’s co-founder Datuk Seri Chong Ket Pen next week.

After Protasco’s deal to enter the oil and gas business fell apart in August, the lawsuit was filed and a boardroom battle was sparked between Chong and the two directors — where both sides accused the other of wrongfully making profits.

Chong, who is also Prostasco’s group managing director, has called for an EGM on November 26 to persuade other shareholders to remove Tey and Ooi. Tey has called for an EGM scheduled two days later, where he is expected try to persuade shareholders that his allegations against Chong are true.

Tey had apparently brought a deal to Protasco in 2012 to invest in a working oilfield in Aceh. Protasco agreed to acquire a stake in PT ASU’s PT Anglo Slavic Indonesia (PT ASI), which indirectly owned the oilfield.

The deal was renegotiated in 2014, then terminated by Protasco in August 2014. Protasco then sued Tey and Ooi in September for the return of the US$27 million paid to buy the stake in PT ASI and a shareholders’ advance. It has also made police reports against Tey.

In turn, Tey through his vehicle Kingdom Seekers Ventures Sdn Bhd sued Chong, accusing him of siphoning off RM10 million through a group of “Indonesian/foreign entities” to make an illegal financial gain.

Last week, Chong filed his defence to the suit, denying Tey’s claims. He said he had made a personal loan of RM20 million to Tey, of which RM10 million had been repaid. Chong claimed this RM10 million repayment allegedly still owed by Tey is the illegal financial gain the former was accused of making.

According to Chong, these group of foreign entities have made numerous transactions in shares of listed companies linked to Tey — PN17 company Hytex Integrated Bhd, Wintoni Group Bhd (formerly Winsun Technologies Bhd), Asdion Bhd and Tey’s own flagship Nexgram Holdings Bhd (formerly Nextnation Communication Bhd).

In 1997, when the Asian Financial Crisis struck, Protasco had grown to 600 staff and managed to avoid any retrenchments by making pay cuts across the board. The move left the company in a good position to grab projects when the government began its pump-priming programme to revive the Malaysian economy.

Since it was listed in 2003, Protasco has grown further to 1,800 in staff size, with an unbroken profit record and an average of 8 to 10 sen in dividends paid every year.

The company aims to grow between 15 and 20 per cent in profit every year, and, more ambitiously, to join Bursa Malaysia’s billion ringgit market capitalisation club in five years’ time. Protasco’s market capitalisation is currently RM549 million.

The company’s order book has grown to more than RM700 million since Chong took on a full-time executive role in 2013, from less than RM100 million before.

- See more at: http://m.themalaymailonline.com/malaysia/article/claiming-tampering-with-witness-in-lawsuit-protasco-seeks-to-cite-directors#sthash.MUrhWn5W.dpuf

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Naughty tpy and oka attempted to obstruct the course of justice LOL LOL LOL

Only fools would put their trust in a blogs setup by an anonymous party LOL LOL

Yeah, sorry, you were misled, nobody believe that kingdom seekers suit had any merits, not even tpy and oka's (former lawyers), Gideon Tan LOL LOL LOL LOL

Obviously, if tpy and oka were innocent, then why did they attempted to tamper with witness? LOL LOL LOL

http://m.themalaymailonline.com/malaysia/article/claiming-tampering-with-witness-in-lawsuit-protasco-seeks-to-cite-directors

http://www.thestar.com.my/business/business-news/2015/09/12/short-position/

So, tpy got the boot from protasco, wintoni, ire-tex, nexgram...wew...it is not short of miracle that he has yet to kill himself LOL LOL LOL

Saturday, 4 July 2015
A pattern of turbulence

BY ERROL OH . . . OPTIMISTICALLY CAUTIOUS

Why does Larry Tey invest in companies that diversify and then hit instability?

A STRANGE thing happened at Ire-Tex Corp Bhd on Monday, when it had an annual general meeting (AGM) in Penang. The manufacturer of packaging materials surprisingly announced that co-founder and group managing director Datuk Donald Yap Tatt Keat had stepped down. Ire-Tex said he had retired by rotation at the AGM and had not sought re-election.

.....

http://www.thestar.com.my/business/business-news/2015/07/04/a-pattern-of-turbulence/

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Indeed why does larry tey invest in companies and these companies hit instability? Tpy got no midas touch, he got the touch of lucifer LOL LOL

KUALA LUMPUR, Nov 28 — Infrastructure developer Protasco Bhd’s managing director Datuk Seri Chong Ket Pen has won a contentious boardroom tussle for control of the company after shareholders voted at an extraordinary general meeting (EGM) today in his favour.

According to Protasco’s announcement on Bursa Malaysia, 89 per cent of company shareholders voted to reject the proposed resolution moved by director Tey Por Yee and Kingdom Seekers Ventures Sdn Bhd to remove Chong as director.

“We thank all the shareholders for this vote of confidence in the company and in the management,” Chong said in an emailed statement to Malay Mail Online.

“We are now focusing on getting back to business, and ensuring we deliver the strong performance that our shareholders have come to expect from us,” he added.

The EGM called by Kingdom Seekers Ventures and Tey today followed another EGM yesterday that saw Tey being sacked from the board of directors after 95 per cent of shareholders backed a resolution for his and Ooi Kock Aun’s removal.

Yesterday’s EGM was held after it was postponed from Wednesday when Tey and Ooi reportedly walked out during the meeting, claiming that the EGM was illegal.


Protasco’s main business operations are in the construction sector and has, to date, a 700 million orderbook. The company was first listed in 2003.

- See more at: http://m.themalaymailonline.com/money/article/chong-wins-battle-for-control-of-protasco-as-tey-por-yee-ousted#sthash.nfPrh5qc.dpuf

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Wow, i was wrong, tpy and oka got the boot from 95% shareholders and i thought they owned 20% stakes in protasco. Does this mean they kick themselves in the ass? LOL LOL LOL

LOL....sorry but nobody believe that vexatious and baseless suits as evident by the fact that tpy and oka got booted by 90% of protasco's shareholders and their motion to dismiss Dato Chong got rejected by a similar margin LOL....and now not even Gideon Tan the lawyer who did the drafting for the kingdom seekers suit believe it had merits, that's why his firm refused themselves from representing tpy and oka LOL LOL

Blogspot? If you want to kick start media campaign then don't use free hosting mah, make you look like a poor man gobbels LOL....i'm no chongs nor affiliated with them or their company, but i thank the God that i did not birth to the crooked low life and shameful to all chinese people: teys and oois LOL

Thursday, 25 September 2014 | MYT 10:06 PM
Nexgram directors resign following legal suit by Protasco


PETALING JAYA: Three Nexgram Holdings Bhd directors have resigned following a legal suit against the company’s founder, Tey Por Yee, filed by Protasco Bhd.

Protasco had on Monday said it was launching a legal suit against Tey, a substantial shareholder of Protasco, as well as another Protasco director Ooi Kock Aun and Indonesian-based PT Anglo Slavic Utama (PT ASU).

Nexgram told Bursa Malaysia yesterday that three of its directors − Leou Thiam Lai, Ungku Razak Ungku Rahman and Yap Siok Teng − had resigned “because of the newspaper report on Protasco filing legal suit against a director of the company.” It did not elaborate further.

In May, Nexgram revealed to the bourse it was engaged in preliminary discussions with Protasco on a mixed development project in Cyberjaya.

In the suit by Protasco, PT ASU is the first defendant, while Tey and Ooi were named the second and third defendants respectively.

In the Monday announcement, Protasco said it was claiming US$22mil (RM72mil) in damages against the first defendant for the alleged breach to a sale and purchase agreement (SPA), as well as pre and post interest rates of 5% per annum on the sum it is claiming.

Protasco also said it was claiming US$27mil (RM88mil) in damages for fraud and conspiracy as well as aggravated and exemplary general damages against the second and third defendants.

The company is also claiming pre and post interest rates of 5% per annum on the sum it is claiming against the second and third defendants.

Protasco is claiming for a refund of the purchase price paid under the restated SPA dated Jan 28 from PT ASU and/or damages – and/or for damages – arising from the breach of contract.

Its claim against Tey and Ooi is premised on the breach of their fiduciary and statutory duties, including the duty to disclose their interest in the transaction, conspiracy to defraud Protasco and the making of secret profits.

According to earlier announcements, Protasco had entered into an SPA with PT ASU in late-2012 to acquire a 76% equity interest in PT Anglo Slavic Indonesia (PT ASI) for US$55mil (RM181.3mil). However, after undertaking a due diligence, the terms of the SPA were revised.

Subsequently, on Jan 29, Protasco entered into an amended SPA with PT ASU for the acquisition of a 63% stake in PT ASI for a total purchase consideration of US$22mil. This came with a profit guarantee of US$22mil spread over four years.

The proposed deal lapsed as conditions to the restated SPA were not fulfilled by the vendor and the security provider within the stipulated timeframe.

Protasco said the legal proceedings it had initiated had no significant immediate adverse impact on the current financial position of the company, adding that it would make an impairment on the purchase price if necessary, in consultation with its auditors.

Nexgram, formerly known as Nextnation Communication Bhd, is essentially a mobile applications and platform provider. Tey emerged as the second largest shareholder in Protasco in late-2012.

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If tpy and oka are innocent then why the directors of their flagship company resigned by citing protasco suit as the reason? LOL LOL

I'm back....let's recap....

Tpy and oka changed their lawyers like oka changed his indon mistress(es). I'm quite sure the reason is because the former lawyers were somehow cheated by them or at least found that they were the guilty party, just like the nextgram directors whose resigned following protasco's legal suit against them LOL LOL LOL
Open the link:

http://www.thestar.com.my/business/business-news/2014/09/25/nexgram-directors-resign-following-legal-suit-by-protasco/

Can anyone here dare to tell me that you know tpy and oka better than the former directors of nexgram? LOL LOL LOL

To be continued. In the mean time: abandon sinking ship LOL LOL LOL

A parting gift. Please bear in mind that tpy and oka is so crooked that even they were fired by their lawyers five time, the first being Gideon Tan who abandoned and refused to work on their case any longer....LOL...

The next time we meet, I will list down the people cheated by tpy and oka in malaysia as well as the subsequent litigations.

Cherrio...in the mean time, abandon ship LOL LOL LOL

LOL, regarding robbery; open the link above and stop crying like a baby.

To make you cry harder, I set out below the list of litigation againts tpy and oka in Indonesia. All involving allegation of fraud and cheat committed by tpy and oka:

1. Koperasi Sejahtera Bersama (plaintiff) against pt green pine (tpy and oka, company), jerry djajasaputra (tpy and oka's nominee), pt equator securities and pt inovisi (oka and tpy flagship company).

2. PT Dayasakti Putradharma against PT Anglo Slavic Indonesia. In this case, tpy and oka failed to honor the settlement agreement to pay PT Dayasakti in the amount of Rp. 180,000,000,000.00 (what a crook).

3. Criminal complaint filed by one Herman Koswara against tpy and his nominees on the allegation of fraud and forging his and Benny Tjokro's signatures.

4. Investigation by the Indonesian SC over the irregularities of pt inovisi's business transaction.

5. Criminal complaint filed by the former employees of pt inovisi over the unpaid severance payment.

6. Investigation by the indonesian tax authorities on pt asu, pt green pine and pt inovisi.

7. Investigation by the indonesian commission for thr eradication of corruption over pt asu transaction,

To name a few LOL.

Next: malaysian proceeding, civil and criminal against tpy and oka.

Stay tune. LOL

Proof that tpy and oka's business empire is crumbling:

- they were subject to 10 different litigations in malaysia, including the one brought by the brother of sultan who bestowed them with datoship.

- their employee tipped their enemy of incoming money from bank so their enemy could rob from in day light. The robbers left with the following warninng: tell your boss not to mess with us.

http://m.themalaymailonline.com/malaysia/article/robbers-escape-with-rm1.45m-in-phileo-damansara-heist

- tpy is now a subject of criminal proceeding in malaysia.

- tpy has resigned from nexgram.

- tpy and oka are being investigated by indonesian authorities on the allegation of frad and forging signatures. One of the reporting party is herman koswara; the owner of the infamous oil and gas project.

- tpy and oka has failed to honor thei settlement agreement with benny tjokro for another foiled business venture on allegation of fraud.

- the flagship indonesian company of tpy and oka: pt inovisi infracom tbk is refrained from trading it shares by the indonesian sc.

- the management of inovisi is now in hiding after they closed down the company without notifying their employees. Now a search warrant is issued by indonesian authorities against them.

- a red notice will be issued by the interpol on the request of indonesian police because tpy and oka refused to come after repeatedly summoned by the police.

Still dare to say tpy and oka are innocent and free of any wrong doing?

In short: abandon ship and cut loss before you loss all your hard-earned money. Don't cry to me later when nexgram's shares is valued at zero.

Lol

Nexgram! I’ve got one recommendation! Ready? Ready? ‘Sell, sell, sell’. Abandon ship!” Does the Hindenburg ring any bells!? LOL LOL LOL LOL

Wait, what this http://utama.seruu.com/read/2016/01/13/269096/tidak-sampai-laporan-keuangan-lima-emiten-dapat-sanksi-denda ? Nexgram's Indonesian subsidiary and TPY-OKA's flagship company failed to submit finance report to the Indonesian SC?

Jakarta, Seruu.com - Lima emiten yang belum memenuhi kewajiban menyampaikan laporan keuangan per Maret, Juni dan September 2015 diberikan peringatan tertulis III dan sanksi denda sebesar Rp150 juta oleh PT Bursa Efek Indonesia (BEI).

Berdasarkan Data yang dihimpun dari StockWatch Kelima perusahaan tersebut adalah PT Borneo Lumbung Energi & Metal Tbk (BORN), PT Berau Coal Energy Tbk (BRAU), PT Buana Listya Tama Tbk (BULL), PT Inovisi Infracom Tbk (INVS) dan PT Permata Prima Sakti (TKGA).

Pelaksana Harian Kepala Penilaian Perusahaan I PT Bursa Efek Indonesia (BEI), Nunik Gigih Ujiani dalam keterangan tertulis, Rabu (13/1), menyebutkan, PT Bursa Efek Indonesia (BEI) juga memberikan sanksi peringatan tertulis I kepada satu perusahaan yang belum memenuhi kewajiban penyampaian laporan per September 2015, yaitu PT Sierad Produce Tbk (SIPD).

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Abandon ship....Nexgram is sinking fast and it is doomed....

Abandon ship....sell sell sell.... LOL LOL LOL....

The Securities Commission raises red flag over Nexgram Holdings' conduct


By Chester Tay / theedgemarkets.com | January 15, 2016 : 7:38 PM MYT

KUALA LUMPUR (Jan 15): The Securities Commission Malaysia (SC) has raised a red flag over the conduct of Nexgram Holdings Bhd ( Valuation: 1.10, Fundamental: 1.15) in disposing of three of its subsidiaries.

In a statement today, the SC said it has come to the regulator's attention that Nexgram Holdings, which is making a voluntary takeover offer for the securities of Ire-Tex Corp Bhd ( Valuation: 0.90, Fundamental: 0.35), had entered into agreements this month, to dispose of three of its subsidiaries.

This came after the SC had cleared the takeover offer document on Dec 10, 2015, which was despatched to the holders of Ire-Tex securities on Dec 11, 2015. Nexgram Holdings had on Nov 20, 2015 made the take-over bid for Ire-Tex securities.

The three subsidiaries are Nexgram Resources Sdn Bhd, Godynamic Investments Ltd and PT Semesta Tirta Antara Raya (Indonesia).

The SC also pointed out that Bursa Malaysia is in the process of seeking verification from Nexgram Holdings on the existence of certain assets belonging to these subsidiaries.

"The disposals were announced by Nexgram Holdings on Jan 11 and 12 respectively. These subsidiaries are also subject to an on-going enquiry, conducted by the SC in relation to the accuracy of information disclosed in the offer document," it added.

The SC said the conduct of Nexgram Holdings in disposing the subsidiaries, delays and obstructs the on-going enquiries by the SC and Bursa Malaysia.

"The outcome of these enquiries may have a material impact on the value of Nexgram Holdings shares, which holders of Ire-Tex securities are to receive in exchange for accepting the voluntary offer," it warned.

Under the takeover bid, Nexgram is proposing to acquire Ire-Tex securities via an equity swap arrangement at an offer price of 40 sen per share.

It is also offering to acquire all its outstanding warrants and irredeemable convertible unsecured loan stock (ICULS) at one sen per outstanding warrant, and 5 sen per ICULS.

The offer price shall be satisfied through the issuance of new shares in Nexgram Holdings at an issue price of 10 sen each. Currently, it does not own any stake in Ire-Tex.

Hence, each holder of Ire-Tex shares will get four Nexgram Holdings shares for every one Ire-Tex share surrendered, one Nexgram Holdings share for every 10 warrants surrendered, and one Nexgram Holdings share for every two ICULS surrendered.

Earlier today, Nexgram Holdings’ founder Datuk Tey Por Yee was charged at the Ampang Sessions Court for a case that may involve RM68 million fraud, and false declaration.

It was reported that Tey, who is also the former chief executive of Nexgram Holdings, claimed trial to both charges.

Tey pleaded not guilty to both charges, which involved misleading board members of Protasco Bhd ( Valuation: 1.40, Fundamental: 1.40) in acquiring PT Anglo Slavic Utama Indonesia for US$22 million (RM68 million then).

Anglo Slavic is an oil and gas company, which Tey has vested interest.

The second charge alleged Tey to have made false statutory declaration before Wern Li Morsingh, a Commissioner of Oaths, that he had no interest in Anglo Slavic.

At the Session Court today, Judge Rushan Lutfi Mohamed set bail at RM1 million and ordered Tey to surrender his passport. The court also fixed Feb 24 for mention.

Nexgram Holdings shares fell half sen or 5.56% to 8.5 sen today, emerging as the second most actively-traded counter, with some 48.90 million shares done. Its market capitalisation stood at RM169.3 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

I did told you a couple month back that nexgram is heading to 0 valuation.. LOL...enjoy..

Nexgram co-founder Tey quits company

Posted on 15 January 2016 - 05:40am

sunbiz@thesundaily.com

PETALING JAYA: Nexgram Holdings Bhd announced that Datuk Tey Por Yee has resigned from the company that he co-founded effective yesterday to "pursue his personal interests and goals".

In a stock exchange filing yesterday, Nexgram said Tey has resigned as its executive director as well as CEO and managing director.

Tey co-founded Nexgram, formerly Nextnation Communication Bhd, and has been its CEO and managing director since May 5, 2005.

In a separate announcement, Nexgram said How Han Lum, 39, will be its new CEO.

In another announcement, Nexgram said it is buying 51,000 RM1 shares for a 51% stake in logistics company Transeaways Shipping Sdn Bhd (TSSB) from Hopscoth Invest & Trade Inc for RM41.2 million.

Nexgram said the logistics sector in Kuantan, Pahang, where TSSB operates its business, has witnessed encouraging growth for the past few years and continues to be promising.

"Nexgram's telecommunication, media and technology division could complement the TSSB's operational flow by providing mobile tracking technology on top of its existing tracking and monitoring system," it said.

Look at that beautiful number....0.05 to go to the real value of nexgram: 0.01

Actually not...because the drops is intentionally engineered from inside the nexgram management....

I repeatedly told you that nexgram will fall to 0,01...my gosh, why won't you save yourself?

My oh my...what a delusional bunch of people.....the destruction of nexgram lays before you eyes and you keep holding to that notion that in the end everything will be all right...

Oh my gosh....asset this, project that....nexgram don't have asset and projects...

@Jero, you couldn't be more wrong....nexgram's fundemental is very weak, it assets and projects is next to nothing and it founders are crooks..

It seems some of you has understand that Tey Por Yee and his cohorts cannot be trusted. Yet, most of you naively believe that TPY's action will not have any effects towards nexgram as nexgram was founded by: Tey Por Yee, Seh Poh Yee (TPY's friend in college) and Tey Por Chen (TPY's little brother). Therefore nexgram it safe to say that nexgram is the alter ego of Tey Por Yee, or manifestation of TPY.

http://m.youtube.com/watch?v=Hatxwl8XWAo

http://m.youtube.com/watch?v=Hatxwl8XWAo

Aio, you here are freakishly lazy....want to alert nexgram? Instead of whining with suggestion to contact nexgram, just email Tey Por Yee mah...he is the highest authority in nexgram....I also have prepare the draft for you...the email also given...what else is prevent you from not sending the email other than you are a lazy and coward piece of shit...aioooo

@dream, How the candyman could stay bye-bye if you keep calling my name LOL

@marina, gave you my details mah, gave you TPY and OKA's direct line but you too scared to send the email...what can I do?

@86, better you send email to management and the others should follows mah...

I gave you my details mah....aioo.....

Parting gift from Walter White LOL LOL

I just want to add several facts with regards to the on going case:

1. Protasco’s allegation against Tey Por Yee and Ooi Kock Aun in their lawsuit are that the two directors try to deceive Protasco and making secret profits by establishing an Indonesian companies (PT Anglo Slavic Utama/ASU and PT Anglo Slavic Indonesia/ASI) and inducing Protasco to buy ASU’s shares in ASI without disclosing that they are the owners of ASU and ASI.

2. Tey Por Yee’s lawsuit through Kingdom Seekers are vexatious at best because after Dato Chong’s last press conference, Tey finally admits that the RM 10million wired to Dato Chong’s bank account was actually part of a payment for a RM 20million loan received by Tey so he would be able to finalize the purchase of Protasco’s share. Larry also said to media, to the effect that he refused to return the rest RM 10million he owed to Dato Chong.

3. It is not that Dato Tan Sri takes side with Dato Chong, but he acted as what he did because Larry Tey/Tey Por Yee failed to produce any documents evidencing Dato Chong’s wrongdoing when he was given chance to during the board meetings.

4. The website http://www.angloslavic.com is registered under Abamon Technology Sdn Bhd who shares the same address as Nextnation Communication Berhad, the former name of Nexgram, where Tey and Ooi are substantial shareholders. Abamon is wholly owned by PT Inovisi through Code Wireless PTE LTD.

5. PT Green Pine who owned 60% of PT Inovisi’s shares is an alter ego of Tey Por Yee and Ooi Cock Aun. PT Inovisi is the subject matter of security.

6. Modern Profit LTD, a company owned by Tey Por Chen, the brother of Tey Por Yee is a subsidiary of PT Inovisi.

7. Ooi Cock Aun is a finance director of PT Inovisi.

8. The sole director of Acclaim is Lim Sue Fern, the wife of See Poh Yee who held substantial shares in Nexgram and together with Tey Por Yee graduated from the University of Manitoba, Canada, 1998. Acclaim is the third party security provider.

9. Tey Por Yee, Tey Por Chen, See Poh Yee are the founders of Nexgram and all of them currently offloading their Nexgram’s shares to the market. Nexgram’s directors resigned when Protasco filed it lawsuit against Tey and Ooi.

10. Protasco has lodged two lawsuits against Tey and Ooi, the first for contempt of court on grounds of tempering with witness, second for Ooi’s attempts to make secret profits from Protasco’s dealing with PT Goldchild Integritas Abadi, which should be add is another alter ego ofTey and Ooi.

11. Gideon Tan, lawyers for Tey and Ooi has discharged himself, meaning that he don't believe in his clients' case.

12. Protasco's shareholders don't trust Tey and Ooi, that's why they booted Tey and Ooi while retaining Dato Chong.

All of the above informations can be obtained by googling.

That being said, I found that the one who is without integrity is Larry Tey Por Yee and Adrian Ooi Kock Aun.

Facts giving rise to the case:

1. On November 2012, Tey Por Yee brought a potential investment opportunity to Protasco, which involve the purchase of 76% shares of the total issued share capital of ASI. ASI owned and controlled 49% of PT Firman Andalan Sakti/FAS which owned 70% of PT Hase Bumou Aceh/Haseba.. Haseba had entered into a partnership agreement with PT Pertamina to develop and produce oil and gas in the Aceh Province, Indonesia (the “Project”).

2. Protasco entered into a sale and purchase agreement with ASU for the acquisition of 76% of the share capital of ASI amounting to USD 55million (“SPA”). Pursuant to the SPA, Protasco deposit amount of RM 50million to ASU’s account.

3. Due to significant material discoveries made through the Due Dilligence, Protasco secured a reduction to the purchase price and signed the Amended and Restated Sale and Purchase Agreement. Some Conditions Precedents were not fulfilled on the side of ASU because it is actually not attainable.

4. During a board meeting of Protasco to discuss the issue of SPA’s which resulted in the formation of the investigation committee/IC, Larry Tey vigorously defended ASU.

5. The finding of the IC, inter alia, are as follows:
a. Larry Tey first approached Dato Chong in November 2012 through his vehicle, Global Capital Limited to jointly develop an oil and gas project based in Indonesia;
b. Larry Tey and Adrian Ooi are the beneficial owners of: ASU, PT Inovisi, Acclaim Investment Limited, and PT Green Pine (the largest single owners of PT Inovisi).

6. In view of the findings from the investigations, it became evident that Protasco had been a victim of deception, and fraud by ASU, Larry Tey and Adrian Ooi since neither of them disclosed their personal interest in ASI to the board of directors of Protasco as they are required unde rthe law.

Ok, now will return watching breaking bad.....you all will have a huge breakheart when nexgram flunked and chewed you out.

@tom, no, it won't.....nexgram is heading to 0,01...it is like the rule of nature: there's nothing you can do to change it.

Oh my gosh....the candyman cannot rest because people kept calling him/her. No wonder the candyman savagely murdered his/her victims.....

Yawn....bored...if you want email nexgram's top management or file police report, just do it already. Here one to report:

Tey Por Yee is a pondan gay lord and Ooi Kock Aun loves his Indon's maid pussy. They robs from the rich and burger vendors alike and keep the money for themselves. They are like the poor man's Robin Hood.

The facts that you cannot do anything for yourself make the loss of your money when nexgram's hit 0.01 to be less tragic because you don't deserve that money anyway. Are you here to invests or to give your money to the charity of Tey Por Yee's Foundation?

Ok, really got to go now...I'm bored...and you guys should held a farewell party for your investment, because baby, when it reach 0,01, you all will cry everyday till you choked with blood.

And you admitted yourself that you has yet to read the financial record.

Here goes:

Tey Por Wen
(NRIC No.: 760202-14-5147)

Blok S1-10-22, P/Puri Sutramas
Persiaran Puchong Jaya Selatan
Bandar Puchong Jaya
47100 Puchong
Selangor Darul Ehsan

Wew....I really pity that burger money...you sell burger from morning to night, then you give it to charity, the Tey Por Yee's Foundation LOL LOL LOL...

Me? I'm with the universe baby...I don't think malaysian authority have the jurisdiction over nirvana LOL LOL LOL

Yawnn....quit yapping and start sending email. Go buy all the nexgram shares you want, and get ready to cry when it hit 0,01 which will happens...

A departing gift:

KUALA LUMPUR, Nov 28 — Infrastructure developer Protasco Bhd’s managing director Datuk Seri Chong Ket Pen has won a contentious boardroom tussle for control of the company after shareholders voted at an extraordinary general meeting (EGM) today in his favour.

According to Protasco’s announcement on Bursa Malaysia, 89 per cent of company shareholders voted to reject the proposed resolution moved by director Tey Por Yee and Kingdom Seekers Ventures Sdn Bhd to remove Chong as director.

“We thank all the shareholders for this vote of confidence in the company and in the management,” Chong said in an emailed statement to Malay Mail Online.

“We are now focusing on getting back to business, and ensuring we deliver the strong performance that our shareholders have come to expect from us,” he added.

The EGM called by Kingdom Seekers Ventures and Tey today followed another EGM yesterday that saw Tey being sacked from the board of directors after 95 per cent of shareholders backed a resolution for his and Ooi Kock Aun’s removal.


Yesterday’s EGM was held after it was postponed from Wednesday when Tey and Ooi reportedly walked out during the meeting, claiming that the EGM was illegal.

Protasco’s main business operations are in the construction sector and has, to date, a 700 million orderbook. The company was first listed in 2003.

- See more at: http://m.themalaymailonline.com/money/article/chong-wins-battle-for-control-of-protasco-as-tey-por-yee-ousted#sthash.EWaofcOC.dpuf

KUALA LUMPUR, Nov 28 — Infrastructure developer Protasco Bhd’s managing director Datuk Seri Chong Ket Pen has won a contentious boardroom tussle for control of the company after shareholders voted at an extraordinary general meeting (EGM) today in his favour.

According to Protasco’s announcement on Bursa Malaysia, 89 per cent of company shareholders voted to reject the proposed resolution moved by director Tey Por Yee and Kingdom Seekers Ventures Sdn Bhd to remove Chong as director.

“We thank all the shareholders for this vote of confidence in the company and in the management,” Chong said in an emailed statement to Malay Mail Online.

“We are now focusing on getting back to business, and ensuring we deliver the strong performance that our shareholders have come to expect from us,” he added.

The EGM called by Kingdom Seekers Ventures and Tey today followed another EGM yesterday that saw Tey being sacked from the board of directors after 95 per cent of shareholders backed a resolution for his and Ooi Kock Aun’s removal.


Yesterday’s EGM was held after it was postponed from Wednesday when Tey and Ooi reportedly walked out during the meeting, claiming that the EGM was illegal.

Protasco’s main business operations are in the construction sector and has, to date, a 700 million orderbook. The company was first listed in 2003.

- See more at: http://m.themalaymailonline.com/money/article/chong-wins-battle-for-control-of-protasco-as-tey-por-yee-ousted#sthash.EWaofcOC.dpuf

Flawless victory as predicted.

Nobody send emails to TPY and OKA? You are all hats and no cattle...LOL LOL

Ok, got to go now...

Here the email of Tey Por Yee and his cohorts:

1. Tey Por Yee: larry@risingrich.com or larry@globalcapventure.com
2. Ooi Kock Aun: adrian@globalcapventure.com or adrian@greenpinegroup.com

Draft email:

Dear Larry Tey, and Adrian Ooi,

By way of introduction, my name is (*). I am a shareholder of nexgram and there is something come to my attention that needs your clarification:

1. Why did Gideon Tan discharged himself just days prior to the EGMs?

2. Why did three of nexgram's directors resigned from nexgram, citing their reason because Protasco sue you?

3. Why did both of you and Seh Poh Yee sell your nexgram's shares and who is the buyers?

4. Why did the transaction involving PT Anglo Slavic Petrogas and PT Anglo Slavic Indonesia have so many connection with both of you and nexgram? (www.angloslavic.com is registered under Abamon who shares same address as nexgram, Abamon the subsidiary of Inovisi who is a subsidiary of PT Green Pine who Adrian Ooi is clearly involved in it by way of email adrian@greenpinegroup.com; and acclaim established by you and Seh Poh Yee and his wife, Lim Sue Fern is the director of Acclaim).

5. Why did the companies you used to accuse Dato Chong of receiving kick back are companies that is controlled or connected to you via Nexgram?

6. Why is the Fiji's project dead?

7. Why is the cyber jaya's project dead?

8. Why is there is RM 90mil hole inside nextgram financial records?

9. Why is nexgram's counter is heading to 0,01?

10. Is it true you tried to temper with witness? If yes, please tell us the reason.

We hope your clarification at your earliest convenience.

Faithfully yours,



(your name)

Cannot mah...Tey Por Yee or Tey Por Chen could shocked and die if they ever see me. Beside I already put TPY and OKA's email address and help draft an email, it should be enough for now. So, what are you waiting for? Send the god damn email already.

Here, let me help you:

Dear Larry Tey, and Adrian Ooi,

By way of introduction, my name is (*). I am a shareholder of nexgram and there is something come to my attention that needs your clarification:

1. Why did Gideon Tan discharged himself just days prior to the EGMs?

2. Why did three of nexgram's directors resigned from nexgram, citing their reason because Protasco sue you?

3. Why did both of you and Seh Poh Yee sell your nexgram's shares and who is the buyers?

4. Why did the transaction involving PT Anglo Slavic Petrogas and PT Anglo Slavic Indonesia have so many connection with both of you and nexgram? (www.angloslavic.com is registered under Abamon who shares same address as nexgram, Abamon the subsidiary of Inovisi who is a subsidiary of PT Green Pine who Adrian Ooi is clearly involved in it by way of email adrian@greenpinegroup.com; acclaim established by you and Seh Poh Yee and his wife, Lim Sue Fern is the director of Acclaim).

5. Why did the companies you used to accused Dato Chong of receiving kick back are companies that is controlled or connected to you via Nexgram?

6. Why is the Fiji's project dead?

7. Why is the cyber jaya's project dead?

8. Why is there is RM 90mil hole inside nextgram financial records?

9. Why is nexgram's counter is heading to 0,01?

10. Is it true you tried to temper with witness? If yes, please tell us the reason.

We hope your clarification at your earliest convenience.

Faithfully yours,



(your name)

Sorry for my return...I'm like the candyman, call my name three time and I will appears LOL

Here contact number for Tey Por Yee and his cohorts:

1. Tey Por Yee: larry@risingrich.com or larry@globalcapventure.com
2. Ooi Kock Aun: adrian@globalcapventure.com or adrian@greenpinegroup.com

Here some points to clarify:

1. The website of www.angloslavic.com is registered under Abamon who shares the same address as Nexgram. Abamon is a subsidiary of PT Inovisi and the largest single shareholders (60%) of PT Inovisi is PT Green Pine.

2. Acclaim as the third party security provider was established by Tey Por Yee and Seh Poh Yee, and Lim Sue Fern, the sole director of Acclaim is the wife of Seh Poh Yee, who is a founder of Nexgram and graduated from University of Manitoba with Tey Por Yee.

I think two should be enough for now...don't want them to jump from the twin towers because their fraud is disclosed to the public.

Well, suit yourself but don't cry to me when nexgram hit the magic number: 0,01. Bye bye sayonara adios.....

I don't hate nexgram but I cannot stand idly bye and seeing small investors like you being crush like a bug by TPY and his cohorts....the destruction of nexgram is near...go save yourself god damn it.