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2016-05-09 20:13 | Report Abuse
Jialat to bloggers. The law is there but no enforcement only. If someone log a formal complaint to SC, they may open a file for investigation.
2016-05-09 16:22 | Report Abuse
According to Annual Report 2016, KYY is a substantial shareholder of Focus Lumber with his direct shareholding of 6,931,000 shares or 6.72% (as at 31 Mar 2016). Did he make a proper disclosure during the period of acquiring?
2016-05-08 22:07 | Report Abuse
There are many ways to make money to feed the greed. But making money by exploiting others at an unethical ways and against the laws may give problems to the society. Who can stand to play with a man who violent the rules openly in the same level of playing field? Somemore, he is so rich....big bullies to Ikan bilis.
2016-05-08 17:21 | Report Abuse
He got a choice......donate money money to BN and reposition himself to be pro-BN.
2016-05-08 15:51 | Report Abuse
Anti-BN, 自己抓蟲入屎窟...水洗不清囉.
2016-05-08 15:25 | Report Abuse
Jialat Koon if he has reported falseful information and delay filing. If the falseful information is confirmed then it may lead to share prices manipulation.
2016-05-08 15:04 | Report Abuse
sostupid. Good point. You are meticulous. SC should start start investigation.
2016-05-08 14:03 | Report Abuse
We are here to suspect that share prices manipulation was happened and conducted by a syndicate. We hope Securities Commission would step in to investigate if there is any illegal activities has been going on. We want the action from government agency to return the justice. Thank you.
2016-05-08 13:38 | Report Abuse
Securities Commission should probe into Koon and OTB in securities dealing whether shares manipulation is actually happened or not in order return a justice to them.
2016-05-08 13:24 | Report Abuse
The situation is getting clearer.. In the late disclosure securities dealing episode, .Koon, the master and O is tagged 幫兇 to milk Ikan bilis.
2016-05-08 13:06 | Report Abuse
Soojinhou. Bravo! Bursa will take actions one cause uncle doesn't stand on BN side. They may take this opportunity to grill him.
2016-05-08 12:56 | Report Abuse
He has been milking 清頭子 in a very unethical way. This uncle is really really noble man.
2016-05-08 12:48 | Report Abuse
He and his gangs purposely circumvent the disclosure rules in many counters. Super investor? Pui! tiuniaseng
2016-05-08 12:39 | Report Abuse
Good job! Bursa won't care much if no complaint is logged. There are too many companies for them to monitor. It's time to expose more hidden unscrupulous dealings.
2016-05-08 12:33 | Report Abuse
If you are famous and rich and you still want to do something hanky panky to make money to feed your egoism, go to seek for higher class advisers to set up a complex structure before dealings. If you are stingy to pay for the fees, then a landmine would strike somewhere.
2016-05-08 11:31 | Report Abuse
If he operate a trust fund then we can't deny that his role is seen to be transparent without confilct of interest. The Action must louder than words. No mater how you twist and turn, you role is still apparently compromised ...we are not born yesterday. There are many old birds here....
2016-05-08 10:39 | Report Abuse
Adviser problem la. How can you ask uncle, 82 years old man to do the filing of diposal. All those job handle by the adviser staffs ma.
2016-05-08 10:35 | Report Abuse
Not bad from FOC publication on main stream newspaper. They are more famous (notorious) now after exposing their unacceptable shares dealing in investment community. Call a media conference to defend la... if not happy, go to sue the Star lor.
2016-05-08 09:23 | Report Abuse
Murali. I think he has act very very fairly. He treats VVIP, VIP, normal subscribers really really equality. All because he is a very 'honest' businessman. I trust he does so. In reality(business context), it is such myth exist of treating all clients equally without any priority? If you really do the business before you would know la. Haha
2016-05-07 20:57 | Report Abuse
I4investor. Exactly. He used to say money can't bring along into the coffin. What for to make so much money by loosing his trust to the public? People might understand if he were young but at his age still wanna con Ikan bilis. That's really bad.
2016-05-07 20:43 | Report Abuse
With his wealth at the age 82, he is supposed to live in a very comfortable life and focusing in charitable work. He would attract a lot of attention from the public for his kindness and accumulating good karma. But the 'money' now mess him up. He dare to come to so low to make another 100 million. What is the different between having an extra 100 million at his age. Pity on him.
2016-05-07 20:12 | Report Abuse
It is a hot topic in town now. Is it The Star helping uncle Koon to promote VS?
2016-05-07 15:56 | Report Abuse
' winning at all costs ' is clouded his mind. He just wanted to suck money out of Ikan bilis at whatever means like disobey Bursa rules and doing promotion in an moral unacceptable manner.
2016-05-07 13:09 | Report Abuse
Ganasai. He is either a naive guy or self delusion or refuse to understand or plp person. cant get through one.
2016-05-07 12:59 | Report Abuse
we need more self delusion people in the market to make it an attractive place for killing. keep it up and dont give up.
2016-05-07 12:50 | Report Abuse
tony. He is too naive la. that‘s plp also can‘t join uncle....different channel ma. He is more suitable to take the distribution from uncle.
2016-05-07 12:47 | Report Abuse
probability. wow! they have established such a good sytem attracting gullibles to take their distribution. I did not know about this is actually happened here. thanks.
2016-05-07 12:26 | Report Abuse
What Uncle is enjoying now:
1. Promotion of stocks publicly with apparent evil intention (morally unacceptable) and was caught red handed.
2. Failure to obey Bursa substantial shareholder disclosure rules.
3. VIP privilege in i3. No comment is allowed his articles.
Anymore?
2016-05-07 11:46 | Report Abuse
He has been posting many articles not giving UMNO face. It is likely Umno takes this chance to screw him.
2016-05-07 11:42 | Report Abuse
2016v. The problem is he purposely not to comply Bursa game rules. Making money whatsoever means is the only thing in his life. He could be above the law ma. Possible of RM 1 million fine? sup sup water la.
2016-05-07 11:25 | Report Abuse
Not only happened to you. Anyone who has given different opinions is an idiot to him. You bow bow or PLP him then you would be non idiot but a genius.
2016-05-07 11:20 | Report Abuse
murali.You are right. This is the making money system that there are engaging now. There's no shortage of Newbies in the market. Every year our country supplies new blood for milking.
2016-05-07 10:57 | Report Abuse
There is a strong conflict of interest for the Sifu to serve his shark client and ikan bilis clients. Who will come first in term of priority. Naturally, ikan bilis clients would be the last to be informed of any development. You see how banks serve their clients through VVIP,VIP, priority..
2016-05-06 16:54 | Report Abuse
Jester. Final year is very crucial, they are required to past the practical training under the mentor of Superinvestor. They have to follow superinvestor strictly in investing. A graduation certificate would be granted only if they still can survive after the training under him. Hopefully, they don't turn into salty fish.
2016-05-06 16:36 | Report Abuse
May be he should consider setting up a college and offering " How to be a superinvestor " 3 years course. Who know it might receive a good response from the public.
2016-05-06 16:26 | Report Abuse
He has neglected his acts causing of public outrageous. Want to play dirty tricks also need do it probably la ie use a company to buy and sell the shares while he is making a call publicly so that not many people notice.
2016-05-06 16:11 | Report Abuse
Making money is his top priority. He would use whatever means to achieve it even though it's morally not acceptable in the public or tarnishing his 'philantropist' name.
2016-05-06 16:04 | Report Abuse
What can you learn from uncle Koon now? Nothing more than following his tail.
2016-05-06 16:01 | Report Abuse
Many are willing to shift over when Gaininvestor, Icon8888, KCChong, duit....have migrated to another website.
2016-05-06 14:01 | Report Abuse
Penalty is only RM 1 million for failure to informing dealing in securities within stipulated period for substantial shareholders. Sup sup water la.
Obligation to report threshold crossings
Shareholding of 5% and above
Section 69 of the Malaysian Companies Act 1965 imposes an obligation on individuals and corporations that have an interest in 5% or more of the voting shares of a Malaysian incorporated public company (whether listed or unlisted) to disclose that interest to the relevant public company and to the SC.
Note: "Voting shares" means, for the purposes of these disclosure requirements, an issued share to which there is attached a right to vote.
According to Section 69 of the Malaysia Companies Act 1965, a substantial shareholder is defined as a person who has a stake in one or more voting shares in a company, where the nominal amount of that share (or the aggregate of the nominal amounts of those shares) is not less than 5% of the aggregate of the nominal amounts of all the voting shares in the company.
On the occasion of a transaction that changes a shareholder's status or interest as a substantial shareholder as defined in the Securities Commission’s Securities Industry (Reporting of Substantial Shareholding) Regulation 1998, the shareholder must use the appropriate form to notify the subject company (in the original) as follows:
Within seven days of becoming a substantial shareholder (Form 29-A);
Within seven days of a change in interest in the company of which the shareholder is a substantial shareholder (Form 29-B);
Within seven days of the person ceasing to be a substantial shareholder (Form 29-C);
sending copies of the notification, in each case, to the Securities Commission at the following address:
Securities Commission
Head, Takeovers and Mergers
No 3, Pesiaran Bukit Kiara, Bukit Kiara
50490 Kuala Lumpur, Malaysia
Attn: Encik Md Noor Abdullah Rahim
Telephone: +603 6204 8000
Fax: +603 6201 5158
While the holder continues to own 5% or more of the voting shares before entering upon a new transaction, reporting is required for each change or cessation of substantial shareholdings within seven days of the transaction.
Under Sections 69D-69G of the Companies Act 1965, it is the responsibility of the final beneficial owner to declare ownership directly to the issuing company and to the Securities Commission.
Sanctions
Under Section 69M of the Companies Act 1965, the penalty for non-compliance with substantial shareholding disclosure within the prescribed seven-day period is MYR 1 million, with a default penalty of MYR 50,000 per day.
2016-05-06 12:36 | Report Abuse
You know how he has boosted for the disposal of shares? He put the blame to his brokers for the margin call to lock his profit.
2016-05-06 12:23 | Report Abuse
A real investors won't come out to promote his stocks frequently. How often have we seen Coldeye appearing in the public to promote his portfolio? Be naive in the stock market is a disaster in managing our own wealth.
2016-05-06 12:14 | Report Abuse
We have to remember that a leopard doesn't change its spots. There are many previous examples ie Rsawit, Jtiasa, Mudajaya, Genetec...... If your heart is soft then you would become his prey.
2016-05-06 11:45 | Report Abuse
Just buy VS if you want to have a good feeling of being con by a millionaire when you have discovered the operandi in later stage.
2016-05-06 11:34 | Report Abuse
It seems he has taken back the capital after disposing 40 million shares last month. He still got 80 million shares to release to the public. The remaining shares could be the profit. Whatever prices he sell is the profit to him. Be Cautious!
Blog: It is illegal to recommand any BUY or Sell, unless you have license !
2016-05-09 20:19 | Report Abuse
If this is the case then Uncle Koon could have violent many securities regulations.....His is too FAMOUS to anti-BN liao...樹大招風.