By Meena Lakshana / theedgemarkets.com | March 15, 2016 : 4:05 PM MYT

KUALA LUMPUR (March 15): Nexgram Holdings Bhd confirmed today that its joint venture with Asdion Bhd with regard to a mixed development project has hit a snag, because the Sepang Municipal Council (MPS) has rejected the development order (DO) for the project.

To recap, Asdion had inked a joint venture agreement with Top Valley Properties Sdn Bhd on Feb 12, 2015 to participate in the development of the project known as Selangor Project.

Asdion paid RM6 million to Top Valley to be used solely towards settlement of the purchase consideration of the parcel of leasehold agricultural Malay reserve land, and will entitle the company to share expected economic benefits and profits arising from the development and sale of the Selangor Project with Top Valley.

On Dec 22 2014, Top Valley had entered into an off-take agreement with Nexgram Land Sdn Bhd and MyAngkasa Bina Sdn Bhd, whereby MyAngaksa would buy the project from Top Valley and Nexgram Land (as developer) for RM297.4 million.

In a filing with Bursa Malaysia today, Nexgram said it had received a letter from Top Valley on March 8, disclosing that MPS had rejected the DO.

"Nexgram Land was informed that in view of the failure in obtaining the DO on time, the landowner of the Selangor Project has terminated the sales and purchase agreement with Top Valley," the filig read.

"Top Valley is currently in the midst of exploring all possible viable options, including sourcing of an alternative suitable land, while continuing negotiation with the land owner for resubmission of the DO.

"The company will make the necessary announcement on further development of the matter, in due course," it added.

Yesterday, Asdion also announced via a filing to Bursa Malaysia that based on a letter received from Top Valley on March 8 as well, Top Valley is in the process of re-negotiating terms and timelines for new DO submission.

The Selangor Project, comprising three tower blocks with a total of 659 units of service apartments and 10 units of commercial and retails hops, was to be developed on a 2.154ha piece of agricultural leasehold Malay reserve land in Kg. Limau Manis, Dengkil in the Sepang district, with the lease period expiring on Feb 3, 2104.

Asdion had said it was venturing into the project as a means to diversify its earnings base and reduce its dependence on its existing business of software development, as well as information communication technology and related services.

The deal is a related party transaction, as Tey Por Yee is a common major shareholder of both Nexgram and Asdion (with direct interests of 11.52% and 22.01% respectively), while See Poh Yee is a common director of both companies.

Larry Tey Por Yee is running away from nexgram, asdion and ire-tex LOL LOL LOL

KUALA LUMPUR: Some 24.81 million shares in Asdion Bhd traded off-market yesterday. This is the second company, linked to businessman Datuk Tey Por Yee, which of late has had a substantial block of shares changed hands off-market at a steep discount.

It appears that Tey is making an exit from the companies that he had invested in for less than three years.

According to Bloomberg data, Asdion saw 24.81 million shares representing a 21.34% stake in the company traded off-market at 27 sen yesterday, a sharp discount of 38.64% over the closing price of 44 sen.

The shares were moved in one block through a direct business transaction, but there is no filing to Bursa Malaysia on the parties involved as at press time.

Coincidentally, Tey is the single-largest shareholder of Asdion, with a 21.34% stake — the same size of the block changing hands off-market.

Tey’s another related company, Ire-tex Corp Bhd, also saw a 22.97% stake in the company traded off-market on Wednesday. He also held the same amount of stake that was traded off-market.

Well, this is your chance to cut loss......hehehe

If the members of nexgram's special committee really are independent, then they will report back the following:

- pt star owned by tey por yee and ooi kock aun.
- dedi francis used to work in pt star and report directly to tey por yee.
- gold dynamic owned by tey por yee and ooi kock aun.
- dedi francis is a director at pt gold dynamic, the subsidiary of gold dynamic.
- dedi francis is a commisioner of pt anglo slavic utama.
- dedi francis is a nominee of tey por yee and ooi kock aun.

LOL LOL LOL

Let all shout and sing: nexgram 4 cents, nexgram 4 cents LOL LOL LOL

I could do this whole days LOL LOL LOL

By Meena Lakshana / theedgemarkets.com | March 15, 2016 : 4:05 PM MYT

KUALA LUMPUR (March 15): Nexgram Holdings Bhd confirmed today that its joint venture with Asdion Bhd with regard to a mixed development project has hit a snag, because the Sepang Municipal Council (MPS) has rejected the development order (DO) for the project.

To recap, Asdion had inked a joint venture agreement with Top Valley Properties Sdn Bhd on Feb 12, 2015 to participate in the development of the project known as Selangor Project.

Asdion paid RM6 million to Top Valley to be used solely towards settlement of the purchase consideration of the parcel of leasehold agricultural Malay reserve land, and will entitle the company to share expected economic benefits and profits arising from the development and sale of the Selangor Project with Top Valley.

On Dec 22 2014, Top Valley had entered into an off-take agreement with Nexgram Land Sdn Bhd and MyAngkasa Bina Sdn Bhd, whereby MyAngaksa would buy the project from Top Valley and Nexgram Land (as developer) for RM297.4 million.

In a filing with Bursa Malaysia today, Nexgram said it had received a letter from Top Valley on March 8, disclosing that MPS had rejected the DO.

"Nexgram Land was informed that in view of the failure in obtaining the DO on time, the landowner of the Selangor Project has terminated the sales and purchase agreement with Top Valley," the filig read.

"Top Valley is currently in the midst of exploring all possible viable options, including sourcing of an alternative suitable land, while continuing negotiation with the land owner for resubmission of the DO.

"The company will make the necessary announcement on further development of the matter, in due course," it added.

Yesterday, Asdion also announced via a filing to Bursa Malaysia that based on a letter received from Top Valley on March 8 as well, Top Valley is in the process of re-negotiating terms and timelines for new DO submission.

The Selangor Project, comprising three tower blocks with a total of 659 units of service apartments and 10 units of commercial and retails hops, was to be developed on a 2.154ha piece of agricultural leasehold Malay reserve land in Kg. Limau Manis, Dengkil in the Sepang district, with the lease period expiring on Feb 3, 2104.

Asdion had said it was venturing into the project as a means to diversify its earnings base and reduce its dependence on its existing business of software development, as well as information communication technology and related services.

The deal is a related party transaction, as Tey Por Yee is a common major shareholder of both Nexgram and Asdion (with direct interests of 11.52% and 22.01% respectively), while See Poh Yee is a common director of both companies.
17/03/2016 17:31

So much anger....how to achieve transcendental awareness and happiness?

Let me assist you in understanding Godynamic Investment Ltd- GIL a BVI (British Virgin Islands) an offshore company.

As rightly pointed out GIL is and has always been an integral part of Nexgram (51% owned) since inception and perhaps packaged in for Nexnation's listing on Mesdaq back in 2004.To all effects and purposes TPY is the CEO and/or COO.GIL is also the vehicle for most of TPY's forays in Indon.

So the question that goes a begging is any transaction between GIL and/or Nexgram are Related party Transactions that TPY should NOT forget to mention.

The accounts for GIL be it at company or group should be very clear to TPY;he cannot be excused from making such elementary mistakes OR now he is laying blame on the auditor,CFO or accountant.So the statements to Bursa for one to be true the other has to be false.
That is a facepalm and contemptuous to Bursa.

When GIL makes such purchases or sales,are the monies equitably apportioned(51% cost and profits)

Those are questions shareholders should pose to TPY

hmmm ...why rant when I am assisting you???

DRwarrant: you are right FD would actually yield a better rate of return,whether taken from 2004 or 2014.

bye!!, gotta play wei chi with Kong Ming ......

Tey Por Yee goes bankrupt since his assets and bank accounts were freezed by authorities, so he start to sell his stakes in numerous companies LOL LOL LOL

KUALA LUMPUR (March 9): Datuk Tey Por Yee is no longer a substantial shareholder in Practice Note 17 company Malaysia Pacific Corp Bhd (MPCorp), with the disposal of 650,000 shares in the company.

In a filing to Bursa Malaysia today, MPCorp announced that Tey, 40, had sold 447,000 shares on March 1 and subsequently 203,000 shares on the next day. His total shareholdings in the company shrunk to 14.35 million shares, or a 4.99% stake.

Tey emerged as a substantial shareholder in MPCorp in mid-July 2014 after his purchase of 15 million shares in the company, or a 5.21% stake.

Recently, Tey has been on a divestment spree. Apart from MPCorp, he has sold shares in several companies, namely Nexgram Holdings Bhd, Asdion Bhd and Ire-Tex Corp Bhd.

MPCorp's share price closed unchanged at 18.5 sen today, with a market capitalisation of RM53.22 million.

Let me put it into context that some of you may understand.

TPY and OKA dug a hole in Indon and sold the soil and filled it with shit.!

Tried to dig a hole in Protasco and fill it with Indon shit! but was stopped.

Then dug some more holes hoping to fill the first one, but could not resist skimming soil off and replacing with shit.

And there you have it,so many shit holes that will be their graves; which also explains the profanities from the 'ma chai'

Repeating the same thing and hoping for better result....Haha...insanity

Me! just putting up warning signs about shitholes....remove it and the karma be yours!

Survival 101: when drowning;keep calm and dont scream so loud nor cuss the bystanders,more than enough people willing to throw you a lifejacket..............made of cement!


WAKAKAKAKA

Tey Por Yee and Ooi Kock Aun were also notorious for not paying their rentals, to the point that their landlords had to threaten legal action and resort to cutting off the utilities to get what was owed to them.

Worse off were their suppliers, of whom many had to suffer the bitterness of bankruptcy because tey and ooi refused to pay them their dues. Tragically, one of them even committed suicide because of bad debts, courtesy of Dato’ Tey Por Yee and Dato' Ooi Kock Aun.

This was not the only blood on his hands. He used a friend, Dedi Francis from Indonesia, to stand as a nominee for Tey and Ooi. When the loyal Dedi pressed for payment on company debts to incurred by Tey and Ooi's manipulative schemes, he was given the runaround. Time finally ran out for Dedi. Desperate, with his back to the wall and creditors all around him, Dedi almost took his own life but was able to be brought to hospital by his family on time.

At age seven, tey por yee was already showing signs of what he was destined to be: a thief and a liar. Ten sen, twenty sen, fifty sen…all would disappear “mysteriously” from his families drawers, savings and piggy banks. Later, bigger sums would go missing, from his father’s wallet to his mother’s purse. Tey would be placed at the scene of the crime but he always had an excuse or story to wriggle his way out of the situation.

For a while his parents believed him. Until he got caught red-handed one day. Then, his father had no choice but to punish him. If we hoped that would beat some sense and decency into him, we were sadly mistaken.

He took his bad habits with him to school. Already skilled at telling lies and manipulating people, he began cheating his classmates. The sums ranged from a few ringgit to hundreds of ringgit. The figures may seem small to some, but for a young schoolboy, the sum is enormous. As usual, his long-suffering father had to clear his debts and try to redress the damage done to his victims.

At age sixteen, Tey por yee had to audacity to go to his uncle’s house to borrow money. He said he needed RM2,000.00 because his father was sick and desperately needed the money for an operation. Believing his lies totally, the uncle gave it to him. His family never lived down the humiliation when the truth came out.

Since young, he has always been obsessed with money. Even when he had a lot of it, it was never enough. He wanted more and more. Never mind if it was obtained in a deceitful manner, just as long as he got what he wanted. It only goes to show that he is not only a pathological liar, but a pathological thief as well. With hundreds of millions already stashed away in private bank accounts, more than he can ever spend in ten lifetimes, he still remains greedy for more. So greedy that he is willing to lie, cheat and steal to achieve his end.

Lookie, lookie....ooi kock aun was handcuffed. I have to compliment him. At least he did not hide his face like tey por yee LOL LOL LPL

http://www.hmetro.com.my/node/112179

https://m.youtube.com/watch?v=MFukVxP8Nks

Now, let wait if anyone here could get me picture or video of the chongs and handcuff LOL LOL LOL LOL

Anyone with a half of brain also know tey and ooi's companies are their alter ego mah...are you brain dead or what? LOL LOL LOL

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.8ohRAlMG.dpuf

-----

Tomorrow a big day for Dato Larry Tey Por Yee...hope he already prepared himself LOL LOL LOL

Well, you should notice by now that somebody been trying to hide my posts by spamming this message board.

Of course his method is useless and childish to say the least since I could easily do copy-paste-repeat to make my post appear again.

LOL LOL LOL

Google products includes: gmail; google plus, google map, youtube, android, search engine, etc. What does all this product have in common? These products serves as a way for data collection of the users which then google will formulate specific advertisements to be presented to the users. Google or now known as alphabet main product is advertising.

Apple products includes: ipod, itunes, iphone, ipad, imac, macbook, etc. These products while closed end to end from the software to hardware are integrated and each product is adding value to the other.

Now let see nexgram, quoted below nexgram's business taken from it website:

"Nexgram Holdings Berhad (“Nexgram Group”) is a public listed multinational conglomerate corporation based in Kuala Lumpur, Malaysia. As of to date, we operates through the following segments: Telecommunication, Security & Surveillance, Software Development, Property Development, Industries, Business Advisories and Investment activities."

What the hell telco have to do with security and surveilance? What is software development have to with property development? How industries related to business advisories and investment??? And now nexgram adding logistic and shipping company as well???

Here, consider the advise from Steve Jobs to Larry Page:

“Figure out what Google wants to be when it grows up. It’s now all over the map,” read the biography of Jobs’ interaction with Page. Later Jobs came to Page with a sharp advising tongue warning Google was making products, “that are adequate but not great. They’re turning you into Microsoft.”

Sound advice, to be sure, and focusing intensely on a few great products has been a consistent theme of Apple’s ever since Jobs returned in the late 90s. You might also remember that Jobs dispensed similar advice to Nike CEO Mark Parker after he assumed control of the shoe giant.

“Nike makes some of the best product in the world,” Jobs told Parker. “Products that you lust after, absolutely beautiful stunning products. But you also make a lot of crap. Just get rid of the crappy stuff and focus on the good stuff.”

I am sure Jobs is right then and now. And you should heed to his words. Jobs after all was the one who make Apple from the brink of bankrupty to the most valuable company in the world in just ten years. He was also the advisor of facebook, google, nike etc

Do you know how tey and ooi got their datukship?

It started with they approached this younger brother of a sultan to invest in their project which guaranteed so and so dollar. As a gesture of good faith, the brother of sultan was persuaded by tey and ooi to ask his brother to grant tey and ooi with datukship.

But then the younger brother realized that the projects proposal from tey and ooi will never came to fruition, because well, it all shams, so now he sued tey and ooi LOL LOL LOL

With regard to transeway:

It means nexgram failed to understand it core value. And a company who don't understand it own core value is doomed to fails because it will never make a sound business plan.

Inovisi for example. It business model exactly mirrored nexgram as it sister company. When it was active, inovisi is an IT company that enter into forray of industries which do not in any way related to in core business, i.e. IT. Just take a look at it subsidiaries' business: PT Star and PT Fame were in the business of music; PT Goldchild is in mining industry; PT QDC Technologies is in the business of power plant and electricity; PT Nusantara Rising Rich is in service office business which held stakes in hytex, a now defunct textile company; acclaim and code wireless are setup as a scammer company; it parent company Green Pine Group supposedly in clean energy business.

So we have it, an IT company owned by a clean energy company with business ranging from music to mining to textile. Hence we should return to my initial question, what the hell an IT company doing in acquiring a shipping company?

In summary: nexgram is an empy shell company which fundamentally weak that failed to understand it owned core value and has been using by it founders to scam other companies

Hey,

Thanks for the support. However, this is a particularly special case. A case of two men obsessed with image and with no moral foundation. Two men who pushed fake press releases to create a grandiose image, who spent money they didn't have to maintain this image, who made terrible decisions and lost a ton of money, then lied, deceived, and commited fraudulent activities to maintain their image, while driving their affiliate network into the ground. Tey and Ooi have been sued multiple times, and even brag about some of their scams, saying how they made more money than they were sued for. They were even quoted to say they're not making money unless they're being sued. One word: karma.

I have no interest in fully exposing these two clowns, but if that's what has to be done for us to receive my money, so be it. Let them deal with the consequences of screwing over thousands of affiliates for millions of dollars.

----

LOL LOL LOL

Hello,

This year Tatto Media manage to cheat my company out of a very large sum of money, and after being promised my money countless times I was never paid a dime. It wasn't just me who was cheated out of money, however; for a period of months, nearly all their affiliates had their payments withheld for absolutely no apparent reason, under orders by Larry Tey and Adrian Ooi, Tatto's founders.

I've gathered a lot of very incriminating information concerning Tatto, Tey, and Ooi from a variety of sources, outlining illegal and deceptive practices related to things from payment practices all the way to their fake acquisition by Ozura World. If you are owed money from Tatto Media, do not bother trying to contact them for your payment, it's a lost cause. Do not try to threaten them or take legal action alone, as they have created fake "evidence" apparently showing (fake) illegal placements for affiliates who threatened them, and fabricated other excuses for non-payment. The best way to get your money back is in a group.

Instead, PM me here and I'll come into contact with you. I am gathering a group of people who have been cheated by Tatto, so we can take legal action as a group and have more power and leverage. They may be able to create false excuses for non-payment for a single affiliate who sues them, but when they have 100 affiliate knocking on their door requesting their money, and inside information detailing the fact that they instructed their employees not to pay their affiliates and instead to lie to them, they're not going to lie their way out of that one.

-------

LOL LOL LOL LOL

Nexgram purchase transeway for it logistic arms and not for it shipping technology.

Beside IT and shipping tech are two vastly different technology all together.

So, let me ask you again: what the heck an IT company doing in acquiring shipping company?

Well, no...nexgram will never run ever again, let alone flying. You should cut loss now.

Ah...the transeway shipping fiasco again...

Dare to tell me what the heck an IT company like nexgram acquiring a shipping/logistic company?

No kingsahan, nexgram will go down to the ninth level of purgatory as it destined to.

Tey Por Yee and Ooi Kock Aun should be wise to remember the warning from the damansara's heist conveyed to tey and ooi's employees: "tell your boss to not mess with us."

To quote Tyrion Lannister's advice to Joffrey Baratheon (aka the personification of Tey Por Yee if he is a charather in a show about tits and dragons): "Some of Tey and ooi's enemies are dangerous and just now shady businessman are dying like flies."

http://m.themalaymailonline.com/malaysia/article/man-turns-himself-in-over-murder-of-malaysian-businessman-in-hatyai

LOL LOL LOL

Saturday, 16 January 2016
Businessman claims trial to charges of cheating and Perjury

KUALA LUMPUR: A businessman claimed trial at the Ampang Sessions Court to two charges of cheating and perjury involving RM68mil.

Datuk Tey Por Yee (pic), 40, is also a former non-executive director of construction and property group Protasco Bhd.

He pleaded not guilty to inducing the board members of Protasco between November 2012 and Jan 30, 2014, to agree to the US$22mil (RM68mil then) acquisition of PT Anglo Slavic Utama Indonesia, an oil-and-gas firm in which he had undisclosed vested interest.

He also pleaded not guilty to committing perjury by making a false statutory declaration that he had no interest in the Indonesia-based company on July 25, 2014.

He allegedly committed the offences at Protasco, on the second floor of Corporate Building Unipark Sri, Jalan Ikram-Uniten in Kajang.

Deputy public prosecutor Datin Nurshu­hai­da Zainal Azahar proposed bail at RM5mil with one surety for both charges and have the accused’s passport surrendered due to the huge sum involved.

She also argued that an affidavit had been filed against Tey at Kuala Lumpur High Court for the tampering of one of the prosecution’s key witnesses in Protasco suit vs PT Anglo Slavic Utama.

In asking for a lower bail, Tey’s counsel Datuk K. Kumaraendran argued that his client had filed a defence against the allegations and that no police reports had been lodged on the alleged tampering of witnesses.

He also said that Tey was settled in Kuala Lumpur as he owns a house here, and is married with three children, with the eldest child still attending primary school.

Sessions Court judge Rushan Lutfi Mohamed then set bail at RM1mil in two sureties for both charges and ordered that his passport be surrendered to the court.
KUALA LUMPUR: A businessman claimed trial at the Ampang Sessions Court to two charges of cheating and perjury involving RM68mil.

Datuk Tey Por Yee (pic), 40, is also a former non-executive director of construction and property group Protasco Bhd.

He pleaded not guilty to inducing the board members of Protasco between November 2012 and Jan 30, 2014, to agree to the US$22mil (RM68mil then) acquisition of PT Anglo Slavic Utama Indonesia, an oil-and-gas firm in which he had undisclosed vested interest.

He also pleaded not guilty to committing perjury by making a false statutory declaration that he had no interest in the Indonesia-based company on July 25, 2014.

He allegedly committed the offences at Protasco, on the second floor of Corporate Building Unipark Sri, Jalan Ikram-Uniten in Kajang.

Deputy public prosecutor Datin Nurshu­hai­da Zainal Azahar proposed bail at RM5mil with one surety for both charges and have the accused’s passport surrendered due to the huge sum involved.

She also argued that an affidavit had been filed against Tey at Kuala Lumpur High Court for the tampering of one of the prosecution’s key witnesses in Protasco suit vs PT Anglo Slavic Utama.

In asking for a lower bail, Tey’s counsel Datuk K. Kumaraendran argued that his client had filed a defence against the allegations and that no police reports had been lodged on the alleged tampering of witnesses.

He also said that Tey was settled in Kuala Lumpur as he owns a house here, and is married with three children, with the eldest child still attending primary school.

Sessions Court judge Rushan Lutfi Mohamed then set bail at RM1mil in two sureties for both charges and ordered that his passport be surrendered to the court.

Even tey and ooi knows the "investment company," in the phileo-damansara heist was nexgram LOL LOL LOL....to add insult to injury, the heist only occurred because the robber cum enemies of tey and ooi got tipped by nexgram's own security officer LOL LOL LOL

Many employee of Tey and ooi has had betrayed them that when it comes for tey to hide his assets from being confescated by malaysian authorities, tey had nobody to turn around but his brother tey por chen as evident from the facts that he been disposing the shares of nexgram, asdion, protasco, etc to por chen instead of his nominees or companies run by his nominees, as per tey and ooi usual moda operanda.

Tey and ooi got so many beef with people across asean countries that they could open their own non-cosher meat shop LOL LOL LOL....

Between Feb 29 and March 4, notable filings with Bursa Malaysia on substantial shareholding changes included that on the cessation of Datuk Tey Por Yee as a major shareholder of Asdion Bhd on Feb 25 after he disposed of his entire 21.34% stake to his younger brother, Por Chen.

The March 4 filing did not reveal the transaction price. However, Bloomberg data shows 24.82 million shares changed hands in a single direct deal on Feb 25 at 27 sen apiece, which was at a whopping 34.9% to 35.7% discount to the 41.5 sen to 42 sen apiece the shares fetched on the open market at the time.

For the third quarter ended Dec 31, 2015, Asdion slipped deeper into the red with its net loss widening to RM3.41 million from RM817,000 a year ago. The company attributed the loss to administrative expenses and professional fees incurred in a corporate exercise and it came despite revenue increasing to RM8.75 million from RM475,000 previously.

Filings also showed substantial shareholding changes at Flonic Hi-Tec Bhd, where 160 million shares or a 20% stake moved off market in three direct trades on March 1. Bloomberg data shows the shares changed hands at five sen apiece, which was at an 11.1% premium to the 4.5 sen they fetched on the open market that day.

Siblings Loh Boon Ginn and Loh Shy Ming emerged as substantial shareholders with an 11.27% deemed stake after SC Estate World Sdn Bhd acquired 37.41 million shares in Flonic on March 1. Boon Ginn is Flonic’s newly appointed managing director while Shy Ming is a non-executive non-independent director.

Another sibling, Loh Boon Zheng, who was appointed a non-independent non-executive director, acquired 122.59 million shares or a 15.34% stake through Takzim Empayer Sdn Bhd from former executive chairman Datuk Chua Wye Man. Chua resigned as Flonic’s chairman on March 1.

The company posted a net loss of RM1.35 million in its third quarter ended Oct 31, 2015, compared with a net loss of RM836,000 a year ago. Revenue, however, rose to RM5.7 million from RM3.77 million a year ago.

During the week in review, Wang Tak Co Ltd Hong Kong disposed of three million shares in Goldis Bhd while individual Tan Boon Seng sold 400,824 shares. Goldis also saw Tan Sri Robert Tan acquire 1.9 million shares through Wah Seong (M) Trading Co Sdn Bhd on the open market. To date, Tan has a direct interest of 0.24% and an indirect interest of 31.15% in Goldis. The company’s net profit shrank 38.2% to RM28.23 million in the fourth quarter ended Dec 31, 2015, even as revenue slipped to RM319.12 million from RM327.12 million a year ago.

Notable movements

Ire-Tex Corp Bhd’s share price fell 9.43% to 24 sen apiece between Feb 29 and March 1. It then rebounded 8.33% to end at 26 sen on March 4. During this period, Datuk Tey Por Yee disposed of all his 30.6 million shares in the company to his brother, Por Chen, through an off-market transaction.

The disposal means that Por Yee is no longer a shareholder of Ire-Tex Corp while Por Chen has become a substantial shareholder with 22.96% equity interest. Over the year, Ire-Tex’s shares rose as high as 42 sen apiece but they closed at 26 sen last Wednesday.

Meanwhile, Malaysia Building Society Bhd’s (MBSB) shares created some excitement, surging 11.36% from March 2 to RM1.47 on March 7. This came after a March 2 filing with Bursa showed the emergence of Tan Sri Chua Ma Yu as a substantial shareholder as at Feb 29 after acquiring 171.89 million shares directly and indirectly on the open market. His direct stake amounted to 3.76% and his indirect stake, 2.3%.

Interestingly, Chua’s emergence in the company came shortly after MBSB announced a net loss of RM15.81 million in its fourth quarter ended Dec 31, 2015, compared with a net profit of RM393.07 million a year ago. The red ink was attributed to higher provisions made for impaired losses during the quarter. Still, MBSB was profitable for the full year with a net profit of RM257.59 million compared with RM1.02 billion the year before.

---

Everything must go to tey por chen LOL LOL LOL

PETALING JAYA — Three employees of a share investment company were robbed at gunpoint of RM1.45 million at a parking lot in Phileo-Damansara on Thursday.

After withdrawing the money from Damansara Heights CIMB bank at 3pm, the two account officers, escorted by a company security guard, headed towards their car.

At the lift area on the B2 level of the parking lot, they were ambushed by two men wearing face scarfs and baseball caps.

The assailants attacked the security guard and pointed a gun at him. The two executives were shoved against the wall.

Their hands were then bounded with cable-tie and the robbers took three laptop bags containing the cash.

They also took RM1,500 and three mobile phones belonging to the victims before making their getaway.

Petaling Jaya district police chief ACP Azmi Abdul Kassim said they have recorded statements from the victims and obtained closed-circuit television (CCTV) images of the incident.

“The bags contained RM1.4 million in RM100 notes, and RM50,000 in RM50 notes,” he said.

Azmi said no witnesses have come forward but believed the suspects are Malay and in their early twenties.

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- See more at: http://m.themalaymailonline.com/malaysia/article/robbers-escape-with-rm1.45m-in-phileo-damansara-heist#sthash.peC7MNR3.dpuf

Something to remember for tey por yee and ooi kock aun. Last time your enemies robbed you blindly within you office premises. Next time who know where they will strike you at?

LOL LOL LOL....it seem tey and ooi's cyber army is on the brink of insanity, so I will give you a pass..or else I could easily copy-paste-repeat the whole story of the legendary corporate cancers larry tey and adrian ooi LOL LOL LOL

Oh right, I'm no chongs nor have I any affiliation with them. So, you are free to slandering the chongs, but at your own risk LOL LOL LOL

By Meena Lakshana / theedgemarkets.com | March 15, 2016 : 4:05 PM MYT

KUALA LUMPUR (March 15): Nexgram Holdings Bhd confirmed today that its joint venture with Asdion Bhd with regard to a mixed development project has hit a snag, because the Sepang Municipal Council (MPS) has rejected the development order (DO) for the project.

To recap, Asdion had inked a joint venture agreement with Top Valley Properties Sdn Bhd on Feb 12, 2015 to participate in the development of the project known as Selangor Project.

Asdion paid RM6 million to Top Valley to be used solely towards settlement of the purchase consideration of the parcel of leasehold agricultural Malay reserve land, and will entitle the company to share expected economic benefits and profits arising from the development and sale of the Selangor Project with Top Valley.

On Dec 22 2014, Top Valley had entered into an off-take agreement with Nexgram Land Sdn Bhd and MyAngkasa Bina Sdn Bhd, whereby MyAngaksa would buy the project from Top Valley and Nexgram Land (as developer) for RM297.4 million.

In a filing with Bursa Malaysia today, Nexgram said it had received a letter from Top Valley on March 8, disclosing that MPS had rejected the DO.

"Nexgram Land was informed that in view of the failure in obtaining the DO on time, the landowner of the Selangor Project has terminated the sales and purchase agreement with Top Valley," the filig read.

"Top Valley is currently in the midst of exploring all possible viable options, including sourcing of an alternative suitable land, while continuing negotiation with the land owner for resubmission of the DO.

"The company will make the necessary announcement on further development of the matter, in due course," it added.

Yesterday, Asdion also announced via a filing to Bursa Malaysia that based on a letter received from Top Valley on March 8 as well, Top Valley is in the process of re-negotiating terms and timelines for new DO submission.

The Selangor Project, comprising three tower blocks with a total of 659 units of service apartments and 10 units of commercial and retails hops, was to be developed on a 2.154ha piece of agricultural leasehold Malay reserve land in Kg. Limau Manis, Dengkil in the Sepang district, with the lease period expiring on Feb 3, 2104.

Asdion had said it was venturing into the project as a means to diversify its earnings base and reduce its dependence on its existing business of software development, as well as information communication technology and related services.

The deal is a related party transaction, as Tey Por Yee is a common major shareholder of both Nexgram and Asdion (with direct interests of 11.52% and 22.01% respectively), while See Poh Yee is a common director of both companies.

LOL LOL LOL........Tey been dragging this counter since his trial is started.

Ooii....pumpkin, speaking of bribery:

Speaking of bribery, tey and ooi paid dirty lawyer to bribe indonesian police to bring charges against one of his nominee on ground of perjury. Idr 1billion went to a high rank officer and another idr 1billion goes to falsify forensics report to incriminate this nominee.

Despite paying off cops idr 2billion but tey and ooi efforts are in vain. In fact when this nominee lost his patient, he decided to make his counter attack and use the considerable resources, power and influences he have to teach tey and ooi a lesson of the danger in poking a sleeping lion. In fact, tey and ooi not only woken up the lion but the whole pride as well.

Not only tey and ooi's vicious attack is repelled, but inovisi, the once mighty stronghold of tey and ooi was destroyed to bits. It counter is suspended by indonesian sc; it office is raided by indonesian police and the public notary who made it possible for tey and ooi to establish many fictitious empty shell company is detained by the police. In the end, inovisi closed it business, and it managemen which all are tey and ooi's nominees went hiding into their rat hole LOL LOL LOL LOL

After the destruction of inovisi, jan adam tangkilisan and dedi francis contacted this former nominee to seek for truce and ask for a meeting. During the d-day, dedi francis who always bragged and acted like a hongkong triad chicken out and ran away from the scene when he saw the said nominee was protected by two indonesian special forces (kopassus). Jan adam followed suit after he was notified by dedi francis.

True story LOL LOL LOL LOL LOL..

Tey Por Yee and Ooi Kock Aun were also notorious for not paying their rentals, to the point that their landlords had to threaten legal action and resort to cutting off the utilities to get what was owed to them.

Worse off were their suppliers, of whom many had to suffer the bitterness of bankruptcy because tey and ooi refused to pay them their dues. Tragically, one of them even committed suicide because of bad debts, courtesy of Dato’ Tey Por Yee and Dato' Ooi Kock Aun.

This was not the only blood on his hands. He used a friend, Dedi Francis from Indonesia, to stand as a nominee for Tey and Ooi. When the loyal Dedi pressed for payment on company debts to incurred by Tey and Ooi's manipulative schemes, he was given the runaround. Time finally ran out for Dedi. Desperate, with his back to the wall and creditors all around him, Dedi almost took his own life but was able to be brought to hospital by his family on time.

At age seven, tey por hee was already showing signs of what he was destined to be: a thief and a liar. Ten sen, twenty sen, fifty sen…all would disappear “mysteriously” from his families drawers, savings and piggy banks. Later, bigger sums would go missing, from his father’s wallet to his mother’s purse. Tey would be placed at the scene of the crime but he always had an excuse or story to wriggle his way out of the situation.

For a while his parents believed him. Until he got caught red-handed one day. Then, his father had no choice but to punish him. If we hoped that would beat some sense and decency into him, we were sadly mistaken.

He took his bad habits with him to school. Already skilled at telling lies and manipulating people, he began cheating his classmates. The sums ranged from a few ringgit to hundreds of ringgit. The figures may seem small to some, but for a young schoolboy, the sum is enormous. As usual, his long-suffering father had to clear his debts and try to redress the damage done to his victims.

At age sixteen, Tey por yee had to audacity to go to his uncle’s house to borrow money. He said he needed RM2,000.00 because his father was sick and desperately needed the money for an operation. Believing his lies totally, the uncle gave it to him. His family never lived down the humiliation when the truth came out.

Since young, he has always been obsessed with money. Even when he had a lot of it, it was never enough. He wanted more and more. Never mind if it was obtained in a deceitful manner, just as long as he got what he wanted. It only goes to show that he is not only a pathological liar, but a pathological thief as well. With hundreds of millions already stashed away in private bank accounts, more than he can ever spend in ten lifetimes, he still remains greedy for more. So greedy that he is willing to lie, cheat and steal to achieve his end.

So much anger....how to achieve transcendental awareness and happiness?

Let me assist you in understanding Godynamic Investment Ltd- GIL a BVI (British Virgin Islands) an offshore company.

As rightly pointed out GIL is and has always been an integral part of Nexgram (51% owned) since inception and perhaps packaged in for Nexnation's listing on Mesdaq back in 2004.To all effects and purposes TPY is the CEO and/or COO.GIL is also the vehicle for most of TPY's forays in Indon.

So the question that goes a begging is any transaction between GIL and/or Nexgram are Related party Transactions that TPY should NOT forget to mention.

The accounts for GIL be it at company or group should be very clear to TPY;he cannot be excused from making such elementary mistakes OR now he is laying blame on the auditor,CFO or accountant.So the statements to Bursa for one to be true the other has to be false.
That is a facepalm and contemptuous to Bursa.

When GIL makes such purchases or sales,are the monies equitably apportioned(51% cost and profits)

Those are questions shareholders should pose to TPY

hmmm ...why rant when I am assisting you???

DRwarrant: you are right FD would actually yield a better rate of return,whether taken from 2004 or 2014.

bye!!, gotta play wei chi with Kong Ming ......

Some of you may have read one or two blogs set up by tey or ooi which basically tried to disgrace dato chong by saying that dato chong is a slipper holder or merely a staff for tun daim, the de facto leader in protasco.

But, tey and ooi actually been hiding the fact that they are just nominees for Per Ecker and Roar Ostbo, two norwagians businessman who acted as financiers for all of tey and ooi ventures, including nexgram. At least dato chong is a nominee for a malay politician, but tey and ooi are slaves for two white slavers LOL LOL LOL

Let me tell you a tale of woe and misfortune from tey and ooi's investors.

So, in Feb 2012, Inovisi's counter is trading at IDR 5,800.-

http://m.thejakartapost.com/news/2012/02/04/inovisi-approved-perform-stock-split.html

When the indonesian sc decided to suspend inovisi's counter in feb 2014, the counter last trading at IDR 117.- and in the end, inovisi failed to pay their office rent and evicted by the building management, then their directors and commisioners went into hiding.

https://stockbit.com/symbol/INVS

Imagine the horror of inovisi's investors if you can. Their investment, their life saving, their blood and sweat disappeared just like that.

You think nexgram's investors will not suffered the same fate? In your dream brothers and sisters :)

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.ZZgB75Fo.dpuf
22/03/2016 13:48

KUALA LUMPUR, Feb 3 — A former director of Protasco Bhd was charged in the Ampang Sessions Court here today with cheating, perjury and criminal breach of trust, involving nearly RM85 million.

Datuk Ooi Kock Aun, 49, pleaded not guilty and claimed trial to all the charges before judge Suraiya Mustafa Kamal.

On the first charge, Ooi was alleged to have cheated the board of directors and officers of Protasco Bhd by purposely hiding the information that he had interest in an Indonesian-based company, PT Anglo Slavic Utama.

This prompted Protasco Bhd to enter into an agreement with PT Anglo Slavic Utama to invest in an oil and gas business in Indonesia through an acquisition of 63 per cent shares of PT Anglo Slavic Indonesia, worth USD22 million (RM68,393,170).

The payment for the acquisition of the shares was made in stages in two CIMB PT ASU accounts, whereby Protasco Bhd would not have entered into the agreement if it had not been deceived by the accused.

Ooi was charged with committing the offence at the Protasco Bhd office, Level 2, Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang, here between November 2012 and Jan 30, 2014.

The charge, under Section 420 of the Penal Code, carries an imprisonment for up to 10 years and with whipping, and is liable to fine, if found guilty.

On the second charge, Ooi was accused of making a false declaration to the Commissioner of Oath that he had no link with PT Anglo Slavic Utama or with any of its directors and shareholders, when he very well knew that he had interests in the company.

The offence was committed at the office of the Commissioner of Oath Wern Li Morsingh, Fraser Business Park, 50-3A, Jalan Metro Pudu, Off Jalan Yew here on July 25, 2014.

The charge, under Section 181 of the Penal Code, provides a maximum imprisonment for three years and is liable to fine.

Ooi was also charged with committing criminal breach of trust of property belonging to PT Anglo Slavic Indonesia, worth RM16,250,000, at CIMB Islamic Bank Berhad, Menara Southern Bank, No 83 Medan Setia 1, Plaza Damansara, Bukit Damansara here on Feb 4, 2014.

The charge, under Section 409 of the Penal Code, provides an imprisonment for up to 20 years and with whipping, and is liable to fine, if found guilty.

Deputy public prosecutor Datin Nurshuhaida Zainal Azahar, who prosecuted, offered bail of RM1 million for all charges in one surety.

Ooi’s lawyer, Edmund Bon Tai Soon, requested the court to fix a reasonable amount for bail on grounds that there was no possibility of his client absconding as his family was in Malaysia and that the accused had also cooperated with the authorities during investigation.

Suraiya set bail at RM1 million on all charges and also ordered Ooi to surrender his passport to the court and to not intimidate witnesses in the case.

The court set Feb 26 for mention. — Bernama

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Here is another kicker...

Inovisi, and by extension, tey and ooi acquired ozura world for usd 30million then went on to buy tatto media for usd 60million.

Now, tatto media has been charged by US FTC for scam advertisement and often inducing it victims to subscribe it service for usd 9,99/month. Andrew Bachman, tatto's founder was held personally liable for usd 98million and tatto was fined for usd 150million by the FTC.

It thus begs the questions.

Why tey and ooi pay usd 90million to acquire a scammer company?

You tell me LOL LOL LOL LOL

Time for the answer.

Tey and ooi spent usd 90million to acquire scammer company is because ozura and tatto are actually tey and ooi's company, and it founder including andrew bachman is tey and ooi's nominee. And he is horrified to know what tey and ooi been doing with tatto:

"That was December. To say he was freaking out would be an understatement. “I was sitting in my office one day. A guy showed up with a big box of papers and dropped it in my lap,” said Bachman. “I opened it, and first words that hit my eyes were asset freeze and Tatto Media.”

Bachman tried making a couple of phone calls to people he had been associated with back then to no avail. “It was a major shit show,” he told me. “You do something to get on their radar, they will kick your ass, and that’s it. End of story.”

But that’s not the end of this story. It’s really just the beginning… So, what do you do in this situation? Andrew Bachman didn’t know either.

“It was a business that I was years removed from, and it was on the other side of the country. I was reading through the merits of the case, and they weren’t even facts that I could accept,” said Bachman. “The position I was painted in, there’s almost nothing you can really do.” "

Therefore, the acquisition is actually tey and ooi's way to siphon money from inovisi's bank account. It is the same moda operandi when inovisi acquired 10% stakes in nextnation in 2012.

Get it? LOL LOL LOL

LOL LOL LOL, it is funny to read tey and ooi's people tries to paint the chongs as criminal though at the moment tey and ooi are being a subject of investigation and trial of the exact crime LOL LOL LOL

Tey and ooi certainly not in a good place. Karma caught up with them in the end and in a way it was poetic justice. LOL LOL LOL

If the members of nexgram's special committee really are independent, then they will report back the following:

- pt star are owned by tey por yee and ooi kock aun.
- dedi francis used to work in pt star and report directly to tey por yee.
- gold dynamic are owned by tey por yee and ooi kock aun.
- dedi francis is a director at pt gold dynamic, the subsidiary of gold dynamic.
- dedi francis is a commisioner of pt anglo slavic utama.
- dedi francis is a nominee of tey por yee and ooi kock aun.

LOL LOL LOL

Yes, it is because I want to save you all from the clutch of that evil duo: tey por yee and ooi kock aun. Beside, I do believe in you reap what you sow; kamma; what goes arounds, comes around that kind of thing.

KUALA LUMPUR, Feb 3 — A former director of Protasco Bhd was charged in the Ampang Sessions Court here today with cheating, perjury and criminal breach of trust, involving nearly RM85 million.

Datuk Ooi Kock Aun, 49, pleaded not guilty and claimed trial to all the charges before judge Suraiya Mustafa Kamal.

On the first charge, Ooi was alleged to have cheated the board of directors and officers of Protasco Bhd by purposely hiding the information that he had interest in an Indonesian-based company, PT Anglo Slavic Utama.

This prompted Protasco Bhd to enter into an agreement with PT Anglo Slavic Utama to invest in an oil and gas business in Indonesia through an acquisition of 63 per cent shares of PT Anglo Slavic Indonesia, worth USD22 million (RM68,393,170).

The payment for the acquisition of the shares was made in stages in two CIMB PT ASU accounts, whereby Protasco Bhd would not have entered into the agreement if it had not been deceived by the accused.

Ooi was charged with committing the offence at the Protasco Bhd office, Level 2, Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang, here between November 2012 and Jan 30, 2014.

The charge, under Section 420 of the Penal Code, carries an imprisonment for up to 10 years and with whipping, and is liable to fine, if found guilty.

On the second charge, Ooi was accused of making a false declaration to the Commissioner of Oath that he had no link with PT Anglo Slavic Utama or with any of its directors and shareholders, when he very well knew that he had interests in the company.

The offence was committed at the office of the Commissioner of Oath Wern Li Morsingh, Fraser Business Park, 50-3A, Jalan Metro Pudu, Off Jalan Yew here on July 25, 2014.

The charge, under Section 181 of the Penal Code, provides a maximum imprisonment for three years and is liable to fine.

Ooi was also charged with committing criminal breach of trust of property belonging to PT Anglo Slavic Indonesia, worth RM16,250,000, at CIMB Islamic Bank Berhad, Menara Southern Bank, No 83 Medan Setia 1, Plaza Damansara, Bukit Damansara here on Feb 4, 2014.

The charge, under Section 409 of the Penal Code, provides an imprisonment for up to 20 years and with whipping, and is liable to fine, if found guilty.

Deputy public prosecutor Datin Nurshuhaida Zainal Azahar, who prosecuted, offered bail of RM1 million for all charges in one surety.

Ooi’s lawyer, Edmund Bon Tai Soon, requested the court to fix a reasonable amount for bail on grounds that there was no possibility of his client absconding as his family was in Malaysia and that the accused had also cooperated with the authorities during investigation.

Suraiya set bail at RM1 million on all charges and also ordered Ooi to surrender his passport to the court and to not intimidate witnesses in the case.

The court set Feb 26 for mention. — Bernama

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- See more at: http://m.themalaymailonline.com/malaysia/article/former-protasco-bhd-director-claims-trial-to-cheating-involving-nearly-rm85#sthash.zOgdhv2Y.dpuf

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.ZZgB75Fo.dpuf

Aio....financial reports can be cooked lohr...haven't you learn from the bankruptcy of enron, parmalat, lehman, AIG, freddie mac, fannie mae, etc?

Tey por yee is nexgram's problem...he is still in control of nexgram through the 20% stakes under his brother name and other 30% under his nominee.

Kuala Lumpur : Datuk Tey Por Yee, the businessmen behind several high profile arrangements, that has led to public and legal disputes, has transfferd most of his shares in Nexgram to his childhood friend Tei Por Chen, resulting him in no longer being a substantial shareholder in the company, which widely accepted as his flagship listed entity.

More than 140 million shares were transfered to Por Chen, resulting is Por Yee’s sidekick, now controlling some 20 per cent of the company. Por Yee also sold some two million shares in the market, to help formalise his exit from the company.

The exit comes, just a day after Nexgram informed the stock exchange that a special auditor as requested by the regulator has been appointed to verify the companies assets.

Nexgram’s problems started almost as soon as it launched a conditional takeover offer for Ire-Tex Corp Bhd that would have seen it venture into the manufacturing and industrial automation businesses.

Nexgram has proposed to undertake a takeover offer to acquire all the ordinary shares of 40 sen each in Ire-Tex and all its outstanding Ire-Tex warrants and irredeemable convertible unsecured loan stocks (ICULS) via an equity swap based on the offer prices of 40 sen per offer share 1 sen per offer warrant and 5 sen per offer ICULS.

Well, first and foremost, wintoni is a real company while nexgram merely a paper company which most of it projects are sham or none existence.

Secondly, wintoni speedy recovery was owed to get rid of the cancer of malaysian corporate world known as Larry Tey Por Yee. Unfortunately for Nexgram, Tey cannot be killed that easily. Case in point, Tey may not be a substantial shareholders of nexgram but since his shares were "sold" to his bastard brother Tey Por Chen, so Larry actually remains in tight control over nexgram.

Nexgram and inovisi were sisters company mah...how can it be different?

Sell nexgram now or you will pay with your life savings in the future.

Here is another kicker...

Inovisi, and by extension, tey and ooi acquired ozura world for usd 30million then went on to buy tatto media for usd 60million.

Now, tatto media has been charged by US FTC for scam advertisement and often inducing it victims to subscribe it service for usd 9,99/month. Andrew Bachman, tatto's founder was held personally liable for usd 98million and tatto was fined for usd 150million by the FTC.

It thus begs the questions.

Why tey and ooi pay usd 90million to acquire a scammer company?

You tell me LOL LOL LOL LOL

Time for the answer.

Tey and ooi spent usd 90million to acquire scammer company is because ozura and tatto are actually tey and ooi's company, and it founder including andrew bachman is tey and ooi's nominee. And he is horrified to know what tey and ooi been doing with tatto:

"That was December. To say he was freaking out would be an understatement. “I was sitting in my office one day. A guy showed up with a big box of papers and dropped it in my lap,” said Bachman. “I opened it, and first words that hit my eyes were asset freeze and Tatto Media.”

Bachman tried making a couple of phone calls to people he had been associated with back then to no avail. “It was a major shit show,” he told me. “You do something to get on their radar, they will kick your ass, and that’s it. End of story.”

But that’s not the end of this story. It’s really just the beginning… So, what do you do in this situation? Andrew Bachman didn’t know either.

“It was a business that I was years removed from, and it was on the other side of the country. I was reading through the merits of the case, and they weren’t even facts that I could accept,” said Bachman. “The position I was painted in, there’s almost nothing you can really do.” "

Therefore, the acquisition is actually tey and ooi's way to siphon money from inovisi's bank account. It is the same moda operandi when inovisi acquired 10% stakes in nextnation in 2012.

Get it? LOL LOL LOL

Let me tell you a tale of woe and misfortune from tey and ooi's investors.

So, in Feb 2012, Inovisi's counter is trading at IDR 5,800.-

http://m.thejakartapost.com/news/2012/02/04/inovisi-approved-perform-stock-split.html

When the indonesian sc decided to suspend inovisi's counter in feb 2014, the counter last trading at IDR 117.- and in the end, inovisi failed to pay their office rent and evicted by the building management, then their directors and commisioners went into hiding.

https://stockbit.com/symbol/INVS

Imagine the horror of inovisi's investors if you can. Their investment, their life saving, their blood and sweat disappeared just like that.

You think nexgram's investors will not suffered the same fate? In your dream brothers and sisters :)