Shareholders should stay united if authorities acted wrongfully to consficate company asset due to ooi's personal involvement.
In a nutshell- company should resume trading asap as it is a financially sound company .shareholders are owners of company we cant allow sc to simply consficate the public entity asset due to director's fraudulent act- director involved should be solely accountable not d shareholders.
We can hire lawyer to take legal action against errand authirities so our rights are protected.
I sent an email to my remisier regarding this counter. He replied that this counter will resume trading after 1 to 2 weeks, if he is not mistaken. Hope this is true.
Ooi is infamous in penang to con ppl.even own brorher he conned . Brother brought d case to court n he was sentenced to 4 years jail but after influence from their mother, bro withdrew d charge with condition ooi had to return d properties to his brother.. he returned n escaped d jail term
HHGROUP will be suspended until further noticed from PDRM . SC can't make the call right now.
I think there will be no show anymore from HHGROUP. Expect to see limit down when HHGROUP resume trading.
Bad cash flow management, owe more than 60m debt, high bad debt, solely focus on China market ( Right now Coronavirus: Many manufacturing plant in China already halt )
With so many negatives surrounded HHGROUP. One can expect to see HHGROUP traded below 10c once resume trading.
For the right issue, it will definitely undersubcribed . ( all account of ooi has been locked ) and it is for sure retailers wont fork up $ to subscribe such no prospects , bad management, bad fundamental 's company.
Many investors said name play an important game. But for HHGROUP it has heng 兴 and Huat 发 also doesnt make any difference.
I will remove this HHGROUP forever from my watch list.
They sold share @ 12c before announce capital reduction .exactly similar to supermax cheryl tai case..
You know all heng huat shareholders lost heavily after ooi was inside d bod- he suggested capital restructure- his usual technique- he boast everywhere that no one could win from his counter..??
Dati hng's body also full if ants now- nit out of wood yet bcos of trusting ooi .. nooi was intriduced to him by lim ghim chai so hbg axed lim ..
If heng huat share not back to rm 1.3 ( after capital reduction) - shareholders sure will take action against those who sold befire announcement
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....
Gem Seeker
2,406 posts
Posted by Gem Seeker > 2020-01-23 14:50 | Report Abuse
I have called few times.
Reception - Secretary - CFO
CFO doesnt pick up the phone. Guess he is on CNY trip