The Federal Court on Wednesday (June 21) upheld a Court of Appeal decision last year that quashed a development order for the construction of a 45-storey apartment complex near Jalan Jejaka 1 and Lorong Peel by Pavilion Integrity Sdn Bhd and ruling that the Kuala Lumpur City Hall acquire and build a road that had already been gazetted in the KL draft plan.

GG.com

Source: https://www.edgeprop.my/content/1906431/apex-court-upholds-coa-decision-quash-do-45-storey-apartment-block-jalan-jejaka

Penang-based ATTA Global Group Bhd and Heng Huat Resources Group Bhd found themselves in the news for the wrong reasons recently when executive chairman and major shareholder, Ooi Chieng Sim, was charged with drug trafficking at the Magistrate’s Court in Bukit Mertajam on Jan 30.

Looking at their financial performance in recent years, one cannot help but wonder why Ooi was interested in buying into ATTA Global and Heng Huat Resources in the first place, especially the latter, which has been performing poorly of late.

Source: https://theedgemalaysia.com/article/just-who-ooi-chieng-sim

Penang-based ATTA Global Group Bhd and Heng Huat Resources Group Bhd found themselves in the news for the wrong reasons recently when executive chairman and major shareholder, Ooi Chieng Sim, was charged with drug trafficking at the Magistrate’s Court in Bukit Mertajam on Jan 30.

Looking at their financial performance in recent years, one cannot help but wonder why Ooi was interested in buying into ATTA Global and Heng Huat Resources in the first place, especially the latter, which has been performing poorly of late.

Source: https://theedgemalaysia.com/article/just-who-ooi-chieng-sim

EVEN the slightest sniff of Insider trading, should be enough to the Securities Commission to launch a much deeper investigation on why three directors of the company who acted as the strictest guardian of governance, make a U Turn on Governance by selling wildly just weeks and days prior to the company announcing that apart from the loss it's cash pile was sinking too.

Source: https://nuclearmanbursa.blogspot.com/2023/04/the-pirates-of-bursa-malaysia-very.html?m=1

Eddie Ng who has been playing shares on other various counters with other market operators, starting way back from Goodway Integrated Industries Berhad not long after his company got listed, gotten a taste of it.

Sure feels good isn’t it when you manipulate and take people’s money so easily?

And then Eddie starts playing more and more counters, including his own counter and got burnt multiple times resulting in owing a lot of operators/loan sharks a lot of money.

How many times has Eddie dispose his own shares and how many times has he been margin called? While the other 2 brothers Brian & Dino didn’t do much of shares disposing. Well I am sure everyone can easily verify this online, don’t take our word for it.

Our findings showed that both Brian & Dino did not even dispose a single share in the entire year of 2022, while Eddie keeps disposing like there is no tomorrow.

And finally, this time Eddie has gotten himself into very deep trouble where even by pledging all his remaining shares in the company is not be enough to cover the debt. So, he started eying the company money and asset.

When the 2 brothers Brian & Dino discovered what Eddie was up to, they voted against him in the AGM and while Eddie won, it was only by a slim margin of 0.04%.

This is where one of Eddie’s many debtors, perhaps the largest one now, the infamous Francis Leong Seng Wui that needs no further introduction after what he has done in Green Packet Berhad and Caely Holdings Berhad comes in, as an executive director nowhere all of a sudden.

Source: https://revenueinsider.wordpress.com/2023/02/04/the-real-bad-guys-of-revenue-group/

Karim Ironman happy partying in Dubai, yelling so long suckers~

Hearsay delisting soon, condolences~

Yang beli saham ni boss sendiri dan geng dia aje, kira main kuku ciao lar~~~

TRANSMILE GROUP BHD -> SILVER BIRD GROUP BHD -> SERBA DINAMIK HOLDINGS BHD -> REVENUE GROUP BHD

from hoot9e to hoot hoot like an owl~

JP Morgan's TP of RM3.50 seems plausible at this point~

Two things to keep: Keep calm and keep serbadk shares, don't sell, believe in Karim, there's no where else to go but up~ p/s. keep skin

Oh gosh, why SC conduct raid on the company? During MCO summore. Why so urgent?

02 Jun 2021 KPOWER BERHAD NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING
KPOWER BERHAD (FORMERLY KNOWN AS KUMPULAN POWERNET BERHAD) ("KPOWER" OR "COMPANY") PROPOSED PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF UP TO RM100.0 MILLION AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")

02 Jun 2021 KPOWER BERHAD NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING
KPOWER BERHAD (FORMERLY KNOWN AS KUMPULAN POWERNET BERHAD) ("KPOWER" OR "COMPANY") PROPOSED PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF UP TO RM100.0 MILLION AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")

Take care brothers and sisters, this counter is now showcasing first hand the power of limit down, probably will suspend again soon~ (p.s. jealous auditor bad bad)

Everyone please remember don't sell okay, must support company because big boss already said nothing wrong, only big4 auditor is wrong~

Karim is like Ironman

KPMG is like Thanos

Every smart investor will definitely support Ironman to defeat Thanos

So please don't sell on Monday, just yell Wakantoi Forever!

Boss already said company no wrong so confirmed no wrong, should ask external auditor to say sorry, just misunderstanding because auditor jealous, then Monday people no scared and no sell oredi~

If Serbadk resumes trading on Monday, will Kpower and Scib suspend trading like musical chair?

Now that the company openly tries to blame and fire the external auditor, their relationship are not simply sour but super duper bitter with both sides' reputations at stake and ultimately one will fall, one will survive. Let them fight~

Walao, latest QR dropped 126% year on year, "great" management~

Like Tajuddin, old musang knows what to do "first thing in the morning" after news out, especially news with a QR which is exactly within expectation~

Share price may still be supported by burning through the company's cash reserves to declare fat dividends which mostly go to Junior Lim's pockets so perhaps the company could consider changing its main business activity from gaming to declaring dividend?

Just curious, will the company still pay the external audit fee after the external auditor boldly bites the hand that feeds them or the company will prepare to go to Court with the external auditor? Anyhow, operation cost sure will increase~

Since the company is setting up a special independent review by appointing an independent firm to assess the veracity and accuracy of the matters brought up by the external auditor, the external auditor should be around to defend their findings and explain themselves.

“There is no urgency to remove the auditor at this juncture. As such, the MSWG urges all shareholders to vote against the resolution to remove the auditor,” it said.

Yesterday, KPMG raised concerns related to the company’s sales transactions, trade receivables and payables, as well as material on site balances, according to the company’s filing with Bursa Malaysia.

The issues highlighted involved 11 parties which accounted for total sales transactions of RM2.32 billion, a trade receivables balance of RM652 million and material on site balance of RM569 million.

The auditor also raised issues relating to purchases and trade payables involving six local suppliers involving a total transaction amounting to RM481 million, Serba Dinamik said, as well as issues around the company’s customer and supplier in Bahrain involving total sales transactions of US$101 million (RM417.48 million) and a trade receivables balance of US$24 million (RM99.2 million).

Hong Kong branch bungkus first, then plantation arm broke off, so need to liquidate asset by selling Equanimity back to Jho Low, most importantly online betting syndicate takes over the virtual gambling market, slowly but surely unless foreign deep pockets allowed to take a van uphill like aunties and uncles to gamble a minimum of RM200~

For those seeking consolation on the company's future prospect based on its seemingly bloated order book, picture this: will any bank still willing to lend money to a company flagged by one of the big4 accounting firms? Without bank loan, how could the company deliver projects on time? STONK! Okay lar, maybe go find along lor~

Theme park no need open ady, straightaway bungkus...

Deloitte would not have simply requested its publicly-listed client to appoint special audit unless under extraordinary circumstances because it is tantamount to breaking its own rice bowl...

Deloitte would not have simply requested its publicly-listed client to appoint special audit unless under extraordinary circumstances because it is tantamount to breaking its own rice bowl...

Thank you TG, time to move on... Will keep 1 lot of share from each glove company in loving memory of long-term investment~ Stay safe and get vaccinated

Remember Transmile...super aggressive expansion, a lot of receivables, unusual number of private placements, then suddenly "poof"....there are all warning signs....

Keeping 1 lot of share from each glove company in loving memory of long term investment~

Hopefully Kossan won't suddenly gostan and all go stunned~ Farewell, stay safe and get vaccinated

Thank you Harta, farewell until and unless next pandemic hits, everyone stay safe and get vaccinated~

It has been a spectacular roller coaster ride but time to move on for another fun ride~

Robinson Co. (Malaya) Sdn Bhd says it will close two department stores at The Gardens Mall and The Shoppes at Four Seasons Place. -NSTP/File pic

https://www.nst.com.my/news/nation/2020/10/636582/hit-covid-19-robinsons-shutter-malaysian-stores

More steam

Remember, suspension of short selling will be lifted on 30/6/2020.

It was a great flight Supermax. Adieu!

RUNNNNN!!!!

The Association of Stockbroking Companies of Malaysia (ASCM) had on Thursday called for the suspension ely in line with the recent Movement Control Order declared by Prime Minister Tan Sri Muhyiddin Yassin.

Those who want sell fast sell. If suspended all the money will be locked in the bursa until further notice. Maybe months maybe years... Nobody knows

The Association of Stockbroking Companies of Malaysia (ASCM) had on Thursday called for the suspension ely in line with the recent Movement Control Order declared by Prime Minister Tan Sri Muhyiddin Yassin.

Those who want sell fast sell. If suspended all the money will be locked in the bursa until further notice. Maybe months maybe years... Nobody knows

LOL...OLH becomes 100% shareholder of OSK by April, no need privatisation

Shows how overvalued the IPO price was when Liew Kee Sin dare not buy back his own company shares even at 0.32. Next announcement will be about his retirement

Sold all at 0.36 and lost 100k. Balik kampung plant potatoes.

Another wave of financial crisis has finally arrived after more than a decade. Time for wealth to change hands.

EPF gives up supporting and starts selling. Not a good sign.

Maybe the recent huge acquisition of shares by EPF and Amanah Saham is to prepare Tenaga to take over the broadband market and to consolidate the business of TM into Tenaga