Nope, the 2 Ngs would ask for re-instatement of their Executive posts and removal of the entire BOD in the EGM. Let the shareholders approve the above proposals. BOD dramatic tussles are ongoing now ....
Congrats to those make money. I'm here just to watch the drama. if indeed true like someone said earlier, that the ousted Ng strikes back. Then things going to turn interesting. I think it is do or die for them. Because ED ordered a special audit. If they win, they can just drop the audit. Getting more interesting and very fishy
if you think of another surge to come, you are making a big mistake. The heat is on with BOD tussle. The duo are vigorously disgusted at being sided line for wrong accusation with agenda.
The Ng bro's called for EGM? They need more votes for EGM .....only way is to buy more or get support from other SH. If not called for EGM to be gun down again......my 2 sen. Kakaka
Kereta, co punya, whether is it lucky draw or not, thus must register with co. There's no way to save maintenance cost.uat have accountability and credibility. If register as personal, then is it personal car?
Just a wild guess....So the Bollywood story probably is the duo bros Brian & Dino like 吴三桂 , want to open the back door to some parties with "interesting" background to swallow the company's assets together....
But the bros lazy to work hard so just cincai enter property development business, then can slowly wipe those cash and lands to "somewhere"..... Pukma if it's true then this 2 guys really ashhole lar
Can this guys survive in the property market? Big and experience players for a long time in n the market facing the current blunt of the sector and getting burnt out!!
@Profit1> I guess it's just an excuse. Because property development can be very easy to spend on some "special" project or expenses. So easier for the gang to cari makan. I search the name of the new director Brian want to bring in, looks like kedah politician background. So it's not hard to guess what this guys really want to do lar
This payment gateway business better leave it to the professional to run it. Otherwise it's gonna go down the drain as it was run like an entrepreneur-lole business. This is a public listed co. Thus should behave like one and not being controlled like a one man or two man show. If like that better convert back to sdn bhd and all the best. Can start to look into loan business model aka lOan sh@rk
1. two largest shareholders - the Ng brothers, Brian and Dino Ng, who co-founded the Revenue; they carted away some 30 boxes of documents and items without board clearance.
2. They refused to transfer the ownership of a vehicle (Toyota Vellfire — BPR 3108) to the company.
3. Brian Ng and Dino Ng calls for an extraordinary general meeting to remove its 9 current board of directors, to save their self. The reason to remove 9 directors from the board is that the current size of board members is bloated. HAHA
4. Revenue Group now has initiated legal action against its two largest shareholders - the Ng brothers, Brian and Dino Ng to seek a declaration that the duo had violated listing rules, contravened the Capital Markets And Services Act 2007, and breached their duties as directors of the group.
5. The company is also seeking for the ownership transfer of a vehicle with the registration number BPR 3108 from the duo, the payment of RM410,343, and general damages that the court deems fit. Brian responses: "In order to save money on the road tax, which would be double the cost if the car was registered under the company’s name, the company had agreed to register the car in my name for company use." HAHA
6. Revenue Group claimed that the brothers had violated Bursa Malaysia's listing requirements in relation to the group's unaudited quarterly reports from the three months ended Dec 12, 2020 right up till Sept 30, 2022.
7. Brian Ng been accused of making payments to Safety & Bullet Film Sdn Bhd (SBF) purportedly for the purchase of thermal paper rolls, which were not supplied by SBF at any given time.
8. Revenue Group Bhd yesterday has announced the appointment of Leong Seng Wui as a new executive director with immediate effect, after the suspension of two co-founders from the group’s boardroom. Leong, 43, is also an executive director at Classita Holdings Bhd (formerly known as Caely Holdings Bhd). Caely? HAHA
@Jack2, from the list by faridfed, petty matters is an understatement. It is ringing so many bells and on all levels. Again, I hv no guts of touching this counter. It is like stealing food from lion's mouth. All the best to all that seeks these excitement.
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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....
joyvest
10,533 posts
Posted by joyvest > 2023-01-17 10:15 | Report Abuse
Nope, the 2 Ngs would ask for re-instatement of their Executive posts and removal of the entire BOD in the EGM. Let the shareholders approve the above proposals. BOD dramatic tussles are ongoing now ....