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Author: cleanupgarbage   |   Latest post: Tue, 17 Oct 2017, 06:10 PM

 

Wintoni Group Bhd liquidator confirmed no winding up petition served. Who is Syed Ibrahim & Co?

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12 October 2017, Kuala Lumpur, Malaysia - Troubled Wintoni Group Bhd saw the shocking sudden winding up announcement on 3rd October 2017 without any prior notice, which today proven a sham proceed of such order apparently with potential questionable fillings in High Court where no ordinary sound person would do. The method which obtained the court order is similar to theft, cheating public looting.

The basic legal way to serve the company, or Bursa Malaysia, or even the shareholders, shall be straight forward by invoice, notice or legal letters serving the relevant parties. However according to liquidator when answering to sharp questions by Bursa Malaysia, apparently there were no notice nor petition served on old or new company secretary, nor company or its directors, not even to Bursa Malaysia. 

There were also nothing served to old and new company secretary, nor company, when filling to High Court of Malaya. The entire process is behind the scene and a stealth ambush.

Even more devastating, the creditor apparently is Syed Ibrahim & Co, or more precisely one Mak Lin Kum. The questionable lawyer who broke client-priviledge and basic code of conduct being a lawyer to Wintoni Group Bhd former director Dato Tey Por Yee. Market believed that the lawyer turn "controller" of Dato Tey former companies had taken control of Wintoni board by planting directors linked to Mak Lin Kum himself, count the former chairman Dato Sri Shariff Omar, Ahmad Amryn and Raja as part of the gang which was removed on 20 June 2017. Apparently Mak and syndicates attempt to hijack and took control of public listed companies from shareholders and taking benefits themselves by taking fees from "white knight" is as good as robbery and sales of theft proceeds.

Mak Lin Kum and syndicates ambush and personal gratification spans Wintoni Group Bhd, Iretex Corp Bhd, R&A Telecommunication Group Bhd and MQ Technology Bhd. The syndicates count Mak Lin Kum, Sim Keng Siong, Felix Chin Wui Choong, Teh Eng Huat being the master minds, and gang members Alfred Gan, Nizam, Shariff Omar, Ahmad Amryn, among others.

The most peculiar back-door sneaking into Wintoni is in the court of Dato Lau Bee Lan, a reputable judge. Having Bursa Malaysia taking sharp and immediate action on the syndicates ill-gotten winding up and Public Listed Company vandalism, evidence of malicious and improper submission was revealed. How would Wintoni shareholders self help in view of such serious "corporate terrorism" attack? The market is watching how Malaysia capital market self-help in such menace situation, if there is still hope in market confidence.

 

BursaNews Shock

 

reference: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5570437

 

Wintoni Group Berhad (Wintoni) - Winding Up by Court

WINTONI GROUP BERHAD

 

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-03102017-00004
Subject Wintoni Group Berhad (Wintoni) - Winding Up by Court
Description
Wintoni Group Berhad (Wintoni) - Winding Up by Court
Query Letter Contents

We refer to your Company’s announcement dated 3 October 2017, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

  1. Date on which the winding-up petition was served on Wintoni;
  2. The date on which the application by the Creditor to the High Court of Malaya for the winding-up order was served on Wintoni;
  3. The particulars of the claim by the Creditor, including the amount claimed for, and the interest rate;
  4. Details of the default or circumstances leading to the filing of the winding-up petition and winding-up order against Wintoni;
  5. The date on which Wintoni was wound-up;
  6. The name of the Creditor.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

Tan Yew Eng
Vice President, Issuers
Listing, Regulation

NMA                                                                                                                                                                              

Cc : Market Surveillance Dept., Securities Commission (via fax)

Further to the announcements made by the Company prior to this, the Liquidators response to the queries to furnish the additional information for public release as follows:

1. Date on which the winding-up petition was served on Wintoni.

  • Our reply: After making due enquiries with relevant parties including the current and past company secretary, we are unable to obtain the date in which the petition was served on the registred office. The winding-up order was served on the Liquidator on 25 August 2017;

2. The date on which the application by the Creditor to the High Court of Malaya for the winding-up order was served on Wintoni. 

  • Our reply: After making due enquiries with relevant parties including the current and past company secretary, we are unable to obtain the date of service of documents to Wintoni;

3. The particulars of the claim by the Creditor, including the amount claimed for, and the interest rate.

       Our reply: 

  • Creditor       : Messrs. Syed Ibrahim & Co.
  • Description  : Legal Fees
  • Amount        : RM516,488
  • Interest        : Nil

4. Details of the default or circumstances leading to the filing of the winding-up petition and winding-up order against Wintoni.

  • Our reply: The winding-up order was served on Wintoni for non-payment of legal fees.

5. The date on which Wintoni was wound-up;

  • Our reply: Pursuant to Section 467(2) of the Companies Act 2016, the commencement of winding-up shall be at the date of the winding-up order which is date on 17 August 2017.

6. The name of the Creditor.​

  • Our reply: Messrs. Syed Ibrahim & Co.

 

 

Please refer attachment below.

 


Announcement Info

Company Name WINTONI GROUP BERHAD
Stock Name WINTONI

 

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