A lot of investors don't trust Azri aka the management because of his age. I am also from the younger generation and believe that the old investors should stop adopting the jaded and traditional mentality that youngsters cannot lead a company in the right direction. A short-term stagflation is upon us so this is a great opportunity for the company to seek the next trend in the healthcare/genomics space
Even SCIB want to vote him out, maybe MGRC should consider too ... He is still too young to handle this. Very good example - Bintai and he end up resign.
Not sure what this new shareholder will bring to the tables, and how she can help to growth this company.
In fact, MGRC should not remove the previous director Mr Ku from the Board. He is the only one with actual management and biz skills. Mr. Ku Chong Hong is a well accomplished financial guru and began his career in auditing with several audit firms before joining Grant Thornton Malaysia as an Audit Senior Manager in 2017 .Throughout his career as an auditor for more than 8 years, he had gained vast exposure in audit and assurance, and business advisory related fields through his portfolios of various local and international companies.
He is also just appointed MD of SCIB. Look at all the positive developments he has displayed there. The share growth chart is amazing! People trust his ability and capabilities. Will drop MGRC and continue to long Bintai and SCIB...
Super young Executive Chairman appointing his young gf to the board. Experienced management and directors leaving 1 by 1. Now you know why people don’t trust this greenhorn hamster. Thankfully sold all my shares here. Better follow Dato'Ku in SCIB/BKCB.
KUALA LUMPUR: The Securities Commission (SC) has charged two individuals in the Kuala Lumpur Sessions Court with 11 offences of money laundering involving over RM119 million.
The two individuals are Ang Jen Chuen (Dexter Ang), former director of Pixelvest Sdn Bhd, and Syaiful Riezal Ahmad, former chief executive officer of Infinity Trustee Bhd, the SC said in a statement today.
They were charged with receiving proceeds of unlawful activity under section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities 2001.
Dexter Ang and Syaiful Riezal faced eight and three charges respectively.
The alleged money laundering offences took place between Dec 1, 2020 and Jan 9, 2023 in Kuala Lumpur and Selangor.
The individuals claimed trial to their respective charges.
Sessions Court judge Tuan Azrul Darus granted bail at RM8.01 million with two sureties to Dexter Ang and RM100,000 with one surety to Syaiful Riezal.
They were also ordered to surrender their passports to the court and to report to the SC on a monthly basis until the completion of the trial.
If convicted, these individuals shall be liable to imprisonment for up to 15 years and shall also be liable to a fine of not less than five times the sum or value of the proceeds of the unlawful activities at the time the offence was committed or RM5 million, whichever is higher.
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Posted by Kennedy72 > 2022-08-31 17:14 | Report Abuse
Can masuk ka. Risk reward ratio bagus