This company has no competitor in its market. The industry is flying, with continual replenishments and additions of ever-more sophisticated gaming machines after MCO. This company will fly with the industry.
I have searched everywhere with no official news from respectable newspaper portals, bursa, SPRM official website, or social media platforms. So I believe this is hantam politic sendiri shiok news?? Does anyone tend to differ or share more verified information?
RGB INTERNATIONAL BHD ("RGBI" or "COMPANY") - CLARIFICATION ON THE ARTICLE ENTITLED "RGB INTERNATIONAL BHD SYARIKAT JUDI TAJA HAMZAH, VIP, PN: CEO DAN TAN SRI DI TAHAN SPRM" The Board of Directors is referring to an article entitled "RGB International Bhd Syarikat Judi Taja Hamzah, VIP, PN: CEO dan Tan Sri di tahan SPRM?" published by Sabahkini2.com on 27 August 2023, wishes to clarify that RGB Sdn. Bhd., a wholly owned subsidiary of the Company, only does outright sale of gaming machines and its accessories and has no involvement or ownership in Malaysia's slots clubs. The Company wishes to state that it had not and will not condone any forms of ''political funding''. The Company's Directors are thus offering their full cooperation to Malaysian Anti-Corruption Commission ("MACC") investigation and had reiterated the above. The Company's Directors have no link to any politician in the country.
The Company and its subsidiaries (collectively, “the Group”) are highly regulated in the jurisdictions where the Group operates. The Group adopts a zero-tolerance approach towards bribery and corruption and upholds to the highest standard of compliance. In upholding this commitment, the Group has established an Anti-Bribery & Corruption Policy in 2015 which sets out the standards the Company expects the directors, employees, agents, consultants, suppliers, vendors and any third-party intermediaries or representatives performing work or services for or on behalf of the Group to comply with in conducting business. If any parties deviate from the Company's zero tolerance approach, the Company will take necessary action to protect the interest of its shareholders and all relevant stakeholders.
Stock is grossly oversold likely due to force selling, margin calls and panic selling. It has dropped from 0.43 to 0.31 within 4 short weeks. Rebound is imminent. Immediate resistance is at 0.38.
@Cash999 - not sure ugly or not. company announce but also say full cooperation to MACC investigation. This mean investigation is true kua. Outcome dono yet.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Michael Kwok
6,435 posts
Posted by Michael Kwok > 2023-07-20 12:02 | Report Abuse
Sell call rgb 35-36 cents
Tp <30 cents
20/7/23 12.02pm