Thank you very much for your meeting invitation and I truly enjoyed our meeting today.
I truly appreciate your and your team's explanation that information on detail refinery margin, retail margin and biodiesel margin are dependent on many factors and sensitive in nature. I am grateful for your explanation that although Petron Malaysia does not have a formal dividend policy, past action on dividend given speaks louder than any word/policy.
It is my hope that this year's dividend should be better than last year.
Thanks and Best Regards Lee Soon Sheng
Dear Bursa,
I now have no more issue with Petron Malaysia but I take offence on the fact that Kananga IB’s unprofessional conducts of not engaging with investing public nor Petron Malaysia Management to make amendment to their incomplete/half past six analysis article on Petron Malaysia Refining - A Crack Spread Refinery Play: Dated: 27 October 2022
The Policy is designed to enable employees of HRC, employees of HRC’s contractors, vendors and customers and members of the public to raise genuine concerns at a high level which the individual believes shows malpractice or impropriety. Such Improper Conduct includes the following: - (i) Financial malpractice or impropriety or fraud; (ii) Serious non-professional or non-ethical behavior; (iii) Breach of Confidentiality; (iv) Misuse of HRC funds or assets; (v) Criminal activity; (vi) Attempts to conceal any of these above; and (vii) Any other conduct which may cause loss to HRC, or otherwise be detrimental to the interests of its shareholders and the public. The above list is not exhaustive and includes any act or omissions, which if proven, will constitute an act of misconduct under HRCs’ Code of Conduct, General Business Principles
I as members of the public and shareholder have my right to raise genuine concerns at a high level which I believes shows malpractice or impropriety, which may/had cause loss to HRC, or otherwise be detrimental to the interests of its shareholders and the public.
By the way depend on the information or evident provided, Bursa can up to their discretion forward the complaint to relevant agencies for investigation and action.
For your information I cannot just standstill and do nothing when this mainland Chinese just because they hold a controlling shareholding of 51% they are free to do anything that detrimental to the minority shareholders, employees, company and our country interest.
BobAxelrod Certainly you have your Rights as shareholder to lodge Complains. But it would be wonderful to see the HY whistleblower Dept work against its BOD's interest to make and take all precautions to Report their Company's health under full Accounting Records and to the best of their abilities.......with Audited and signed verifications.
Your above can only happen if the whistleblower committee be headed by a Malaysian independent director with senior Malaysian managers as committee members to investigate the malpractice, impropriety, misconduct or omission at the very top level.
The current whistleblower committee head and committee members are bias in favor of those top managers from mainland China and for the interest of the mainland Chinese controlling shareholder. Hence you cannot expect any justice from current whistleblower committee.
By the way I will politely ask Bursa and SC legal department to give their legal advise to the ex-employee who email me on being victimisation by the HRC inhouse whistleblower committee.
don't be like sslee la.............................................this sslee only discriminate against China investments in Malaysia.............like that die lo Malaysia.
bob............there are good legitimate reasons q2 and q3 reported results are what they are. ...........expect every quarter eps $2 meh? or negative 2 meh?
Posted by BobAxelrod > Jan 26, 2023 4:40 PM | Report Abuse And Sslee, as you're the 30th largest shareholder of Insas, I urge you to read again the Listing Requirements of PLC, Bursa's Roles and SC Rules and Listing Regulations.
Also, have more lunches and spend some time with lawyer friends, it would help you tremendously in future
@BobAxelrod, Your advise is well received and noted with thank.
I wrote the below blog in year 2019 in response to someone calling for capital punishment for pump and dumpers on varies law and investigation agencies.
This sslee should know but pretend didn't know...an expert wrote about hengyuan and it's accounting treatments and in conclusion, no hanky panky suspected .
.... I agree.
It's easy to swing inneudos and falsehoods, but do watch out for defamations....
Again someone with ID Mikecyc can't provide me with someone's post "Someone is posted sslleee cousin is Xinquin Auditor" That prove MM might be right about someone with ID Mikecyc.
Posted by MoneyMakers > Jan 26, 2023 9:41 PM | Report Abuse Aiyoyo crazy mike caught lying again Never see such crazy liar..most people lie/misinfo 2 support own stock bias But this crazy mike lie/simply create fake story about people - totally no purpose aiyoyo
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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....
UlarSawa
35,552 posts
Posted by UlarSawa > 2023-01-26 12:59 | Report Abuse
CNY see toto 4D can get big angpow or not. So far bini get small angpow from toto already. Ular wtg to get one also leh. Haiyoh. Boleh?