Posted by Legend > 2022-04-13 06:02 | Report Abuse

GIIB Holdings Bhd (formerly known as Goodway Integrated Industries Bhd) said the recent suspension of one of its directors was to facilitate an investigation into his management and handling of its glove business and accounts. On Monday, GIIB announced the suspension of executive director Wong Weng Yew from his employment with the group since March 28, with the suspension extended until April 25, pending evaluation of his reply to the show cause letter issued to him.

Posted by Legend > 2022-04-22 14:30 | Report Abuse

KUALA LUMPUR (April 22): GIIB Holdings Bhd said on Friday (April 22) it has engaged independent consulting firm PKF Covenant Sdn Bhd to assist GIIB's investigative committee in the probe into GIIB's suspended executive director Wong Weng Yew's management and handling of the group's glove business and accounts.

In a Bursa Malaysia filing on Friday, GIIB said PKF's work scope includes independently examining the relevant evidence and information pertaining to the charges against Wong and providing comments and views on the evidence and information.

In addition, PKF's work scope includes preparing an investigation outcome report, which will be submitted to the GIIB investigative committee, and attending "meetings with the investigative committee or the board of the company (GIIB), as may be required, to present findings and commentary/views in the said report", GIIB said.

"Given that PKF was only engaged on April 22, 2022, the investigative committee is not able to determine the period of time to be undertaken for the investigation for the time being," GIIB said

Posted by petronasgloves > 2022-05-09 12:57 | Report Abuse

Share price drop half in half year

Posted by Legend > 2022-05-19 20:58 | Report Abuse

The Board of Directors of GIIB ("the Board") wishes to inform that the Audit and Risk Management Committee ("ARMC") had on today decided to undertake a forensic investigation into the financials of the Group in relation to the suspicious transactions in the Group as highlighted by Mr. Wong Weng Yew on 16 May 2022.

The ARMC will seek proposals from the independent audit firms to undertake the above task.

Further announcements shall be made upon the engagement of the independent audit firm.

This announcement is dated 19 May 2022.

Posted by Icon 888 > 2022-05-26 02:51 | Report Abuse

Bad stock.. DUN touch

Posted by VivoPrince > 2022-05-27 11:23 | Report Abuse

https://focusmalaysia.my/giib-fails-to-make-public-legal-action-served-by-sacked-executive-director/

Posted by PenyuNg > 2022-05-27 16:29 | Report Abuse

hopeless, PN17 soon, even on the news ady by Focus Malaysia

https://focusmalaysia.my/giib-fails-to-make-public-legal-action-served-by-sacked-executive-director/

Posted by PenyuNg > 2022-05-27 16:36 | Report Abuse

“If the disclaimer is made public, GIIB would have triggered a Practice Note 17 (PN17) situation with all the transactions ultimately exposed to the public and market authorities,” the OS pointed out.

“But with the change of its financial year-end from Dec 31, 2021 to June 30, 2021, GIIB only has to announce the unified financial statements or draft audit accounts on or before Oct 31, 2022.”

Posted by Legend > 2022-05-27 17:35 | Report Abuse

Sudah masuk longkang.

Posted by jchee83 > 2022-05-27 18:22 | Report Abuse

Why this chairman Tai concealed the case? Must be it is truth inside. All the shareholders should gang up and sue this whole Tai family

Posted by adikkici > 2022-05-30 15:25 | Report Abuse

Mak sudah naik, anak kenapa slow? Cepat la jalan

Posted by ABSBOSS > 2022-05-30 18:24 | Report Abuse

anak exprice 42 sen. long long way to go

Posted by Fklim888 > 2022-05-30 18:41 | Report Abuse

Memang gila..duh

Posted by adikkici > 2022-05-31 08:56 | Report Abuse

Giib-wa kasi lompat tinggi2

Posted by TokAbah > 2022-05-31 10:15 | Report Abuse

GIIB lousy management led by typical chinese pariahhh lorr. Just like PUC. These typical low educated chieseb shd be replaced by more professional chinese lorr

Posted by Fklim888 > 2022-05-31 14:29 | Report Abuse

Professional masuk nanti kasih naik kaw kaw ?

Posted by TokAbah > 2022-05-31 16:28 | Report Abuse

when the company's has vision and clear biz direction then it will good for company for mid and long term lorr

Posted by adikkici > 2022-06-01 14:06 | Report Abuse

Suda beku meh?

Posted by Legend > 2022-06-01 23:21 | Report Abuse

GIIB delays audit appointment, says still finalising scope of probe into suspicious deals
KUALA LUMPUR (June 1): GIIB Holdings Bhd has delayed the appointment of an independent audit firm to look into suspicious transactions flagged by its previously terminated but now reinstated director, saying it is still finalising the scope of investigation.
In a filing Wednesday, GIIB said its audit and risk management committee is finalising the scope with shortlisted firms, and that it expects to finalise the appointment by early June.
GIIB is in the midst of investigating the claims raised by its director Wong Weng Yew of dubious transactions in the company totalling RM11.49 million.
Wong previously served as the company's executive director but was suspended in April and then terminated in mid-May from his position as the company alleged him of misconduct. Wong, on the other hand, claimed the company took action after he raised questions about several transactions that he found to be suspicious in nature.

Posted by Icon 888 > 2022-06-09 02:06 | Report Abuse

Delist Soon ya

Posted by YT8170C > 2022-07-06 12:59 | Report Abuse

Who will still buying it ?

Posted by whistlebower99 > 2022-09-09 20:21 | Report Abuse

https://focusmalaysia.my/3-top-management-employees-of-giib-holdings-detained-by-macc/
Warning to directors who hanky panky.

Posted by awesome20 > 2023-01-09 19:48 | Report Abuse

target 0.200
grab on rumor

Posted by BursaVulture > 2023-01-19 19:20 | Report Abuse

Another Serba in the making?

Posted by clouud1234 > 2023-02-14 13:36 | Report Abuse

i also heard,this counter will grg

Posted by UnicornP > 2023-02-17 16:20 | Report Abuse

Went in.

Posted by Icon 888 > 2023-04-18 05:00 | Report Abuse

Scammer

Posted by awesome20 > 2023-05-17 17:32 | Report Abuse

waiting for good

Posted by haziqaz > 2023-06-02 13:36 | Report Abuse

Mafia Korporat: Selepas Lim Kok Han Kuasai Kepentingan GIIB Holdings, SPRM tahan pengarah eksekutif kes pecah amanah RM 500 Ribu

BACA https://thecorporatesecret.com/blog/2023/06/02/mafia-korporat-selepas-lim-kok-han-kuasai-kepentingan-giib-holdings-sprm-tahan-pengarah-eksekutif-babit-kes-pecah-amanah-rm-500-ribu/

Posted by haziqaz > 2023-06-06 10:14 | Report Abuse

Orang kanan KJ letak jawatan Pengerusi Green Packet, bersekongkol Mafia Korporat Lim Kok Han rampas GIIB Holdings Berhad
https://thecorporatesecret.com/blog/2023/06/05/orang-kanan-kj-letak-jawatan-pengerusi-green-packet-bersekongkol-mafia-korporat-lim-kok-han-rampas-giib-holdings-berhad/

Posted by Fklim888 > 2023-06-08 09:28 | Report Abuse

kalau berani ikut style anak vsolar....pecah record lo

Posted by FaizalHamzah > 2023-06-14 00:28 | Report Abuse

Dying counter.. so many court case

Posted by birkincollector > 2023-06-15 19:16 | Report Abuse

lol fast fast transferred all his shares to his son

Posted by birkincollector > 2023-06-16 21:16 | Report Abuse

KUALA LUMPUR (June 16): Hildrics Asia Growth Fund I’s wholly owned subsidiary HAGF Investment (I) Pte Ltd emerged as GIIB Holdings Bhd’s substantial shareholder after acquiring 48.61 million ordinary shares, or an 8.221% stake.

Hildrics Asia is a Singapore-based private equity fund managed by Hildrics Capital Pte Ltd, which was founded in 2021 by Choo Kee Siong and Wee Teng Chuen, according to a statement on Friday (June 16).

Hildrics Capital primarily focuses on direct investments into mid-sized companies with high growth prospects in Southeast Asia, it added.

“We are pleased to partner with GIIB, a leading Malaysian rubber product manufacturer with an established track record of close to 30 years and extensive presence across 60 countries, to support its next growth phase and expansion plans,” said Choo, who is also the CEO of Hildrics Capital.

The investment activity with GIIB marks Hildrics Capital’s first investment in Malaysia.

Following the investment, HAGF is now the second-largest shareholder of GIIB, after Tai Qisheng who holds an 11.45% stake, according to Bloomberg data.

Qisheng is GIIB’s executive director and the son of GIIB executive chairman and chief executive officer Tai Boon Wee.

Qisheng became the company’s biggest shareholder after his father transferred 45.81 million shares or a 7.775% stake to him via an off market transaction on June 13, 2023.

Meanwhile, Boon Wee is left with 9.6 million shares or a 1.62% stake.

“We warmly welcome Hildrics Capital as our shareholder, which is the first foreign institutional fund to invest in us. With a shared common vision and goals for the group, I look forward to working with them to scale our group to the next level,” Qisheng commented.

GIIB shares remained unchanged at 9.5 sen on Friday, valuing the company at RM56.2 million.

On Thursday, GIIB announced that Boon Wee and two other executive directors had been remanded by the MACC on May 31 for investigation of unlawful activities.

Activities that are being investigated were in relation to the issuance of invoice and proceeds banked into GIIB's account, inflation of debts of a subsidiary company in a Bursa Malaysia announcement and unauthorised payments to persons unknown.

Posted by birkincollector > 2023-06-16 21:28 | Report Abuse

wow Wee Teng Chuen is from the Wee family of UOB Singapore

Posted by Medusa > 2023-06-17 21:53 | Report Abuse

Tai Booi Wee Pengerusi dan CEO GIIB Holdings Berhad membuat laporan polis diatas ugutan jenayah yang diterimanya dari seorang ahli perniagaan terkait Mafia Korporat Dato’ Sri Andy Lim Kok Han dan Datuk Choong Men di Social Bar Publika Kuala Lumpur 6 jun lalu.

Menurut salinan laporan polis yang diterima, Tai Booi Wee pengadu telah membuat dua laporan polis iaitu di Ibu Pejabat Polis Dang Wangi dan Petaling Jaya selepas menerima ugutan jenayah terhadap dirinya.

Di dalam laporannya itu, Tai Booi Wee menyatakan bahawa beliau telah hadir untuk satu mesyuarat yang mendesak beliau melantik dua pengarah baharu ke dalam syarikatnya iaitu GIIB Holding Bhd.

Katanya ketika itu juga, Dato’ Sri Andy Lim Kok Han atau Dato’ Teleng telah menunjukkan sepucuk pistol yang terselit di dalam seluar yang dipakainya dengan aksi mengangkat tangan selama 5 minit seolah-olah mengugut dan membunuhnya.

Lim Kok Han turut menyatakan bahawa nasib baik pistol itu berlesen, kalau tidak berlesen sudah pasti akan menembak beliau katanya dalam laporan itu.

Sementara itu, di dalam satu laporan polis berasingan pula ahli perniagaan itu mendakwa telah dikasari di bahagian mukanya.

Katanya pada 14 jun 2023, Dato’ Sri Lim Kok Han dan Datuk Chong Loong Men yang sama telah memanggilnya untuk bertemu di Hotel Sheaton di Petaling Jaya.


Dato’ Teleng dan Chong Loong Men
Sekali lagi Lim Kok Han menggesa pelantikan segera Lembaga Pengarah GIIB Holdings Berhad termasuk dirinya sambal menampar Tai Boon Wee di bahagian pipinya.

Lim Kok Han sekali lagi membuat ugutan dan menyatakan jika ini bukan hotel, “saya akan hentam kamu dan be carefull“ sementara Datuk Chong Loong Men bersamanya menahan dirinya dari meneruskan pergaduhan dengan Lim Kok Han yang menampar pipinya.

Tai Booi Wee kemudiannya membuat laporan polis ekoran berasa terancam dengan keselamtan dirinya serta keluarga ekoran kejadian itu.

Mafia Korporat mahu rampas GIIB Holdings

Semua hanya satu sebab iaitu mahu menguasai syarikat GIIB Holdings Berhad.

Posted by birkincollector > 2023-06-19 09:53 | Report Abuse

hehe huat ah

Posted by bingoman > 2023-06-19 10:32 | Report Abuse

manage to get some at 0.12. let see how high can it go

Posted by fl888 > 2023-06-19 10:56 | Report Abuse

Green Packet related to GIIB ….? then sure next play up

Posted by LOOK009 > 2023-06-19 12:36 | Report Abuse

Shunxing Holdings Welcome to the new major shareholder of Lion City private equity fund purchase of 8.22%
(Kuala Lumpur, 16th) Shunxing Holdings (GIIB, 7192, Main Board Industrial Product Service Group) has re -equity. Singapore HAGF Investment Corporation purchased 48.6300 shares, equivalent to 8.22%of the company, and rose to become the company's major shareholder. According to a statement, Shunxing Holdings ushered in Singapore's major shareholders today. Singapore HAGF Investment today bought the above -mentioned equity through overseas transactions. The company is a subsidiary of Hildrics Asia Growth Fund VCC, which is the latter by private equity fund Hildrics Capital Company Managed. The shareholders of Hildrics Capital Corporation are Zhu Zhixiong and Wei Tingjun (the names are all transliterated), and the two parties each hold 50%of the equity. According to reports yesterday, Shunxing Holdings confirmed that the executive chairman Dai Wenwei and the other two executive directors were also investigated by Malaysia Anti -Corruption Association, involving invoicing and depositing income into the debt of Shunxing Holdings, subsidiaries, and unauthorized unauthorized Payment 3 allegations to unknown people. Later, the directors have made it clear to the investigators that the allegations are malicious slander and have no basis, and strongly deny the above allegations. After the incident, the company reported to the exchange. Dai Wenwei transferred 45.81 million 2,192 shares to his son Dai Qisheng (transliteration) on June 13, and was no longer the company's major shareholder. After increasing the shareholding of these equity, Dai Qisheng held 67.68541 shares or 11.447%of direct equity.

Posted by Medusa > 2023-06-19 12:58 | Report Abuse

Lim kok Han arrested

Posted by bingoman > 2023-06-19 13:00 | Report Abuse

why arrested

Posted by Medusa > 2023-06-19 13:01 | Report Abuse

Itu dia mafia korporat

https://www.bharian.com.my/berita/kes/2023/06/1116139/datuk-seri-mafia-korporat-ditahan-polis-kerana-ugut-jenayah

Kikiki…

Posted by bingoman > 2023-06-19 13:08 | Report Abuse

good good. fly higher soon

Posted by Fklim888 > 2023-06-19 15:27 | Report Abuse

Ini boleh pi lagi jauh ke....

Posted by Tripaka > 2023-06-19 16:32 | Report Abuse

Nowadays lots of booby traps. They just want your one sen difference.

Posted by Fklim888 > 2023-06-20 08:56 | Report Abuse

bahaya kalau turun mendadak...

Posted by Tripaka > 2023-06-26 15:36 | Report Abuse

Die deep deep

Posted by Icon 888 > 2023-06-26 16:09 | Report Abuse

Gone case

Posted by Icon 888 > 2023-06-26 18:11 | Report Abuse

Titanic