REVENUE GROUP BERHAD

KLSE (MYR): REVENUE (0200)

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Last Price

0.145

Today's Change

-0.005 (3.33%)

Day's Change

0.145 - 0.15

Trading Volume

521,200


11 people like this.

10,253 comment(s). Last comment by Besafe 4 days ago

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 ....

jack2

1,359 posts

Posted by jack2 > 2023-01-17 10:18 | Report Abuse

the winner in the EGM will stay, the loser will say bye bye

VTrade

2,434 posts

Posted by VTrade > 2023-01-17 10:20 | Report Abuse

Vote vote

nicholas99

9,887 posts

Posted by nicholas99 > 2023-01-17 10:20 | Report Abuse

you

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-01-17 10:57 | Report Abuse

Let the operators and ngs play the game....popcorn and watch showd will do.

Kayvera

34 posts

Posted by Kayvera > 2023-01-17 11:07 | Report Abuse

N up it goes!

Phoebe

455 posts

Posted by Phoebe > 2023-01-17 13:48 | Report Abuse

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

Posted by JustForFund > 2023-01-17 14:12 | Report Abuse

Any update on the EGM results? Who win?

icecool

5,026 posts

Posted by icecool > 2023-01-17 14:38 | Report Abuse

end game ?

OngKawKaw

3,283 posts

Posted by OngKawKaw > 2023-01-17 14:55 | Report Abuse

GAME ENDED

newbie8080

2,766 posts

Posted by newbie8080 > 2023-01-17 15:14 | Report Abuse

The company CFO resign on Nov 2022 which is a few weeks before the 2 brothers incident happen.
Any fraud related issue?
https://www.klsescreener.com/v2/announcements/view/3647483

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-01-17 16:02 | Report Abuse

Red red red ang bao for CNY. Lol

joyvest

10,533 posts

Posted by joyvest > 2023-01-17 16:23 | Report Abuse

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.

Posted by HuatlaiOnglai > 2023-01-17 16:46 | Report Abuse

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

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-01-17 16:55 | Report Abuse

I guess the brothers laughing to the banks for CNY jackpot ang bao...lol.

Selina888

306 posts

Posted by Selina888 > 2023-01-17 17:01 | Report Abuse

Ikan bills are simply at their mercy but can't be helped too. Greed. Puppets on the strings. Easy meat.

Posted by redhotpepper > 2023-01-17 17:15 | Report Abuse

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?

troy88

3,013 posts

Posted by troy88 > 2023-01-17 17:18 | Report Abuse

it's a shame this company became like this when it was a promising company a couple of years ago

Income

12,321 posts

Posted by Income > 2023-01-17 18:58 | Report Abuse

Dead cat???

Income

12,321 posts

Posted by Income > 2023-01-17 19:19 | Report Abuse

Crying with out tears

Kayvera

34 posts

Posted by Kayvera > 2023-01-17 19:37 | Report Abuse

Ooh, a capable director has been appointed! Let's see tomorrow :-)

Posted by SharehlderOppression > 2023-01-17 20:24 | Report Abuse

If they are innocent as they claim.
Why cart away documents and oppose a special audit?
Just my two cents.
Public shareholders have the right to know.

gohkimhock

3,127 posts

Posted by gohkimhock > 2023-01-17 20:50 | Report Abuse

those with heart attack better don't touch this counter. My sincere advice..

ming

2,084 posts

Posted by ming > 2023-01-17 21:32 | Report Abuse

Both side also holding not much share.. retailer can be king maker in vote !

No matter who win.. the revenue is not the revenue anymore~

ikatt3pi

36 posts

Posted by ikatt3pi > 2023-01-17 22:27 | Report Abuse

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....

FutureGains

10,709 posts

Posted by FutureGains > 2023-01-17 22:27 | Report Abuse

car also ask to return.....eddie must be crazy

ikatt3pi

36 posts

Posted by ikatt3pi > 2023-01-17 22:28 | Report Abuse

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

ikatt3pi

36 posts

Posted by ikatt3pi > 2023-01-17 22:30 | Report Abuse

@FutureGains It's a company car for for work & see clients mah, not to use to seize 30 mystery boxes...LOL

FutureGains

10,709 posts

Posted by FutureGains > 2023-01-17 22:45 | Report Abuse

based on the common sense, brothers said got invoice and D/o....but failed to explain the usage.....chances the papars never delivered....

FutureGains

10,709 posts

Posted by FutureGains > 2023-01-17 22:47 | Report Abuse

both brother face no same....and look like work in casino...BEWARE !... some founder are LCLY....sometime

Profit1

135 posts

Posted by Profit1 > 2023-01-17 22:52 | Report Abuse

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!!

ikatt3pi

36 posts

Posted by ikatt3pi > 2023-01-17 23:07 | Report Abuse

@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

Profit1

135 posts

Posted by Profit1 > 2023-01-17 23:15 | Report Abuse

ikatt3pi, u said it right. And in addition, the proposed director currently has retired and didn’t have any govt portfolios.

Posted by redhotpepper > 2023-01-17 23:38 | Report Abuse

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

Hotstuff

3,291 posts

Posted by Hotstuff > 2023-01-18 01:12 | Report Abuse

一群白癡talk 3 talk 4. talk like you know this business so well. hello stock market is about making profit not gossip. buy low sell high

Hotstuff

3,291 posts

Posted by Hotstuff > 2023-01-18 01:14 |

Post removed.Why?

8dragon

2,290 posts

Posted by 8dragon > 2023-01-18 07:22 | Report Abuse

When directors has made tons of money themselves, they won't care about the life and death of the Co, the sufferers are small investors ...

jack2

1,359 posts

Posted by jack2 > 2023-01-18 08:13 | Report Abuse

take 20 years to build a business
take 1 week to destroy all,
really bodo

Posted by redhotpepper > 2023-01-18 08:27 | Report Abuse

The 2 fella looks like loan shark......

mf

29,148 posts

Posted by mf > 2023-01-18 08:28 | Report Abuse

Dow Jones

Dow Jones Industrial Average

33,910.85

-391.76

1.14%

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-01-18 09:09 | Report Abuse

Today i queue limit down price to try luck.....

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-01-18 09:16 | Report Abuse

The road to PN17 and Holland.....

aquaMAX

6 posts

Posted by aquaMAX > 2023-01-18 09:22 | Report Abuse

lucky cashed out my ang pao

Posted by redhotpepper > 2023-01-18 11:15 | Report Abuse

@MichelleNg, at what price you queuing?

Kayvera

34 posts

Posted by Kayvera > 2023-01-18 11:34 | Report Abuse

Going up now it seems

faridfet

514 posts

Posted by faridfet > 2023-01-18 11:52 | Report Abuse

Whats wrong with Revenue?

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

1,359 posts

Posted by jack2 > 2023-01-18 11:59 | Report Abuse

the feud over petty matters which can easily resolved.

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-01-18 12:06 | Report Abuse

I queue 36cents.... No stop drop signal yet. No one willing to queue high and buy the directors tickets. Unless suddenly breakout 75cents...

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-01-18 12:13 | Report Abuse

Today still got support @60cents. Once below 60cents might get my 36cents

Phoebe

455 posts

Posted by Phoebe > 2023-01-18 12:31 | Report Abuse

@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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