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Wintoni Group Bhd EGM 100% voted out former directors. Illegal liquidator, self-delist culprits ran?
Author: lawyerwho | Publish date: Tue, 20 Jun 2017, 05:41 PM

20 June 2017, Kuala Lumpur - Software company Wintoni Group Bhd had today went through Extraordinary General Meeting (EGM) were 100% shareholders voted for the removal of 3 former directors namely its non-executive chairman Datuk Seri Mohd Shariff Omar and executive directors Ahmad Amryn Abdul Malik and Raja Kamarudin Raja Adnan; and successfully appointed 3 new directors to the board, namely Cheah Kwong Lee, Mohd Nasir bin Salleh, and Wong Mei Thien.



Resistance & Expelled with No Honor?

However, to transition from the now former board of directors were not handled over with honor. Instead of carrying their duty as the board of directors, which shall report to shareholders, they had 1 day before EGM rush out few announcements in Bursa website trying to smear and character assassinates their perceived former owner, Dato Tey Por Yee; as well as self-declared to Bursa Malaysia asking for delisting; and illegally self-appointed liquidator in hope to fool Bursa Malaysia and the shareholders.



Liquidator by who for whom?

According to the law of Malaysia and Company Act, there is a time period of 30 days to call for interim liquidators, so as shall be called by "members" of a company. The word "members" was believed to be a dark chapter of Malaysia corporate history, where the other public listed company Ire-Tex Corp Bhd, happens to be held hostage by Mak Lin Kum, Shariff Omar and Ahmad Amryn, had fooled the market causing harm and damages to shareholders when court took the easy way out despite shareholders had spoken in the last EGM. The same word "members" would put a stop to the reckless extortion of the trio.



Extortion by Directors & Lawyer?

The "lawyer", market pointed out clearly leading to one Mak Lin Kum, which would explain who gives such typical excuses for the 2 announcements. The first reads "The Board of Directors of WINTONI wishes to announce that the Company will not be seeking an extension of time to submit the Requisite Announcement to Bursa Malaysia Securities Berhad." Followed by the second announcement "The Board of Directors of Wintoni, having formed an opinion that the company cannot by reason of its liabilities continue its business, has appointed Mohd Afrizan bin Husain of Aftaas Corporate Advisory Services Sdn Bhd as an Interim Liquidator for the purpose of facilitating a creditors' voluntary winding up pursuant to Section 440 of the Companies Act, 2016."

Such unusual use of BursaLink has raised serious governance and system credibility issue in the market as if directors being named to be removed means they can smear whoever they want and abuse the system as they wish, and authorities and shareholders can't do anything about it. The tumor in the system is creating precedence for more commercial brutality examples, with serious consequences which may plug the capital market if more companies follow.

Mak Lin Kum was the legal advisor who markets perceived hired by Dato Tey Por Yee back in the year 2015 which caused the hostile takeover of Wintoni by one Yap Kok Weng collapse. The modus operandi of one Mak Lin Kum was bulldozing breaking the law, and smear names to cause over 70 shareholders of Wintoni linked to Yap Kok Weng being acting in concert, alleged violating General Offer (GO) and Take Over Rules.y Yap



What's Into Smear of Names and Character Assassination?

The strange behavior and motivation behind the 3 directors and their lawyer Mak Lin Kum had seen series of strange announcements involving Ire-Tex Corp Bhd, R&A Telecommunication Bhd, and latest Wintoni Group Bhd, with the sole purpose, is to smear names and character assassinate their target, Dato Tey Por Yee. The Executive Director, one Ahmad Amryn which likely reported polis Yesterday, which is a day ahead of EGM, alleging the target Dato Tey causing some RM53 million losses. Such bizarre assumption can clearly see from Wintoni year 2015 write off of RM53 million Information Technology (IT) assets, which is common in software industry when technology is already redundant. The cause of the write-off was due to an earlier hostile takeover by a group of investors, the market believed inspired by another public listed company director, Chong Ket Pen of Protasco Bhd.

Despite speculation of greed and personal agenda, the reputation and cost of breaking all directors duty do not seem to justify their reckless action. The motive and incentive are way beyond what they did, leaving plenty of imagination in the market. Perhaps it's time for an upgrade of real corporate governance to regain investors confidence putting their money in shares.

Lawless News

The culprits Mak Lin Kum's group Shariff Omar, Amryn and Raja Kamarudin fired.
New directors appointed.

100% voted. Wow! "ALL" angry shareholders! Anyone there today?

GENERAL MEETINGS: Outcome of Meeting

WINTONI GROUP BERHAD

Type of Meeting Extraordinary General Meeting
Indicator Outcome of Meeting
Date of Meeting 20 Jun 2017
Time 10:00 AM
Venue 1st Floor, Cheng Yi Auditorium, The Kuala Lumpur And Selangor Chinese Assembly Hall, No. 1, Jalan Maharajalela, 50150 Kuala Lumpur
Outcome of Meeting
The Board of Directors of WINTONI GROUP BERHAD (“the Company”) is pleased to announce that all the Ordinary Resolutions as set out in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 2 June 2017, were unanimously passed by the shareholders of the Company at the EGM held today, Tuesday , 20 June 2017. All the resolutions were approved by way of voting on poll and the results of the poll are as per attachment.

This announcement is dated 20 June 2017.





Please refer attachment below.

Attachments

Wintoni Poll Results.pdf
23.2 kB

Announcement Info
Company Name WINTONI GROUP BERHAD
Stock Name WINTONI
Date Announced 20 Jun 2017
Category General Meeting
Reference Number GMA-20062017-00019

Jail them.

The culprit would be burying themselves if lied to bursa no money and got personal money go for court? Liquidator also would be such ugly conspired to even be appointed by Mak the lawyer. Bunch of rats.

How is egm result? Bursa anyone still functioning? The law breaking directors though of fooling people over night appoint receiver or liquidator. Its invalid lah. Else anyone can simply appoint and cause you trouble tomorrow. There is something call court. No court decision nothing is valid for any appointment.

Someone going to get in big trouble abiding with the culprits.

Where is Bursa? Why the directors oppressed shareholders so obvious yet not reprimand yet?

What is the result? Have too little shares else also goes there shout at the directors. Shariff, amryn and raja something. Also this Mak Lin Kum guy. Who is he?

Bursa better send all investors to free classes if wanted to promote stock market. Use your votes, and send the crook directors to jail. Already broke all rules for not calling AGM.