Posted by tkl88 > 2020-09-30 15:55 | Report Abuse

Special Report: Hidden hands behind penny stock surge
The Edge Malaysia/The Edge Malaysia
September 30, 2020 14:00 pm +08

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge

ASTUTE market observers would have noticed on the local bourse a group of individuals, supposedly acting in concert, who have amassed shares in more than 20 publicly traded companies. These companies — linked via shareholding and directorships — are often on the most actively traded list, with huge, fluctuating share prices.
“It (the companies) is all linked to the same person; usually, the most actively traded list on a daily basis involves these counters,” one source says when asked which are the companies that are linked.
However, research by The Edge (see chart on the 21 companies) indicates that while other businessmen have surfaced, the individual said to be in control of the group of companies is not officially onboard or present as a shareholder.

“This [his not surfacing] could be due to several issues,” another source adds.
It is also telling that nine of the 21 companies mentioned — AT Systemization Bhd, MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd and NetX Holdings Bhd — have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya. On its website, Lambo Group Bhd states that its address is at Menara Lien Hoe, even though the address in its annual report is in Old Klang Road in Kuala Lumpur.
In 2006, Lien Hoe Corp Bhd sold Lien Hoe Tower Sdn Bhd, which owns Menara Lien Hoe, to privately held E-Globalfocus Sdn Bhd for RM1 and the assumption of RM43 million in debts.

Meanwhile, E-Globalfocus was 68%-controlled by Cubes Innovative Sdn Bhd, a company 99%-controlled by Chuah Hock Soon. Chuah and businessman Datuk Kenneth Vun @ Vun Yun Lun were charged with four others in July 2014 for allegedly manipulating DVM Technology Bhd shares in March 2006.
Vun has had several issues with the Securities Commission Malaysia and, in 2009, had to restitute RM2.496 million — being the amount of company funds that he had caused to be misused for his personal benefit, according to the regulator — to his then flagship FTEC Resources Bhd.
Since FTEC — which morphed into Tecasia Bhd and later Mangotone Bhd — was delisted, Vun has had little direct presence in the market. However, Vun’s two sisters, Carol Vun On Nei and Grace Vun Siaw Nei, hold stakes of 3.64% and 0.67% respectively in Xidelang Holdings Ltd.

Posted by tkl88 > 2020-09-30 15:57 | Report Abuse

Fragmented shareholding
While Fintec Global seems to be a prominent company at the centre of the maze, its shareholding is fragmented, with several blocks of shares parked under Sanston Financial Group Ltd. In several of the 21 companies on the list, Sanston Financial is present in the shareholding list.
Other companies that surface as shareholders in these list of companies include Global Prime Partners Ltd and Cita Realiti Sdn Bhd, a private company wholly-owned by one Kamarudin Khalil.
Other shareholders, albeit usually holding small stakes, among the 21 companies include Datuk Jacky Pang Chow Huat — who, apart from a 11.84% stake in Sanichi Technology Bhd — has small stakes in DGB Asia Bhd, Focus Dynamics, MNC Wireless Bhd and Xidelang. Pang is also a director in Sanichi Technology.
Meanwhile, businessman Mak Siew Wei has 23.4% in AT Systemization, 17.07% in Green Ocean Corp Bhd and small stakes in Focus Dynamics and Xidelang. He is also a director at AT Systemization, Green Ocean and Saudee Group Bhd.

Datuk Eddie Chai Woon Chet recently acquired a 62.37% stake in restaurant operator Oversea Enterprise Bhd, and has a 6.71% shareholding in Anzo Holdings Bhd, where he is managing director and has a board position in M3Technologies (Asia). Another name frequently seen is Datuk Kua Khai Shyuan, who, besides a 5.9% stake in mTouche Technology, has small shareholdings in Focus Dynamics, PDZ Holdings Bhd and Sanichi Technology, and has board seats on Trive Property Bhd, DGB Asia and MNC Wireless.
Former Umno treasurer and former Bank Simpanan Nasional Bhd chairman Datuk Abdul Azim Mohd Zabidi surfaces as a director in four of the companies — Fintec Global, DGB Asia, Anzo and XOX.
Most of the companies are loss-making and small in terms of market capitalisation, with the exception of Focus Dynamics, which has a market value exceeding RM5 billion. Nevertheless, Focus Dynamics, which is involved in operating food and beverage outlets, seems to be the star performer, with its stock price hitting a multiple-year high of RM2.64 recently on Sept 17, despite mustering a meagre RM3.08 million in net profit from RM20.72 million in revenue for its six months ended June this year.
Year to date, Focus Dynamics stock has gained about 400%.

Irrational exuberance
Trading volume on most of the 21 companies is generally high, and many have .......

Posted by ronald118 > 2020-11-13 13:10 | Report Abuse

seacera shareholder's start to fight...

Posted by jazzkhor > 2020-12-16 16:23 | Report Abuse

Seacera GRP WC21 going to boost 0.03 TP. wuhooo

Posted by awesome20 > 2020-12-16 18:43 | Report Abuse

jgn terciduk di anak yg nak expire

Posted by ashmira > 2020-12-17 09:09 | Report Abuse

Good enough with 100% profit and run.

Posted by XxxxXzz > 2020-12-17 09:15 | Report Abuse

Ready to goreng pdz warrant soon. All cheap warrant will kena goreng this few day.

Posted by SideIncomer > 2020-12-17 10:12 | Report Abuse

lol u holding alot pdz warrant? xD

Posted by Bcareful > 2020-12-17 11:57 | Report Abuse

Hahhahah, many kena con ,who will buy this kind of shit company , really goreng until nothing to goreng....

Posted by MoneyMakerKing > 2020-12-17 12:35 | Report Abuse

Wb warrant the premium 300% also for ppl go goreng.. haha...

Posted by Legend > 2020-12-17 12:38 | Report Abuse

Ramai yg duduk di atas...cluster kayangan….haha

Posted by PresidentRotiCanai > 2020-12-17 17:44 | Report Abuse

Who buy the warrant? I want to laugh. Hahahaha

Posted by zeen333 > 2020-12-17 17:52 | Report Abuse

lol why

Posted by Sharegod88 > 2020-12-17 19:03 | Report Abuse

Who boughy wa today and wat price? Still hold?

Posted by ayra15 > 2020-12-17 20:34 | Report Abuse

Bought WC @0.005 yesterday. Sold @700% today. Tq seacera. Tomorrow still can play ka?

Posted by LaoTzeAhSir > 2020-12-17 21:15 | Report Abuse

crazy con stock. such rubbish and con man manipulated company should be delisted and blacklisted for once and for all

Posted by Sharegod88 > 2020-12-17 23:50 | Report Abuse

Tomorrow sure can play .....fly roket

Posted by kenie > 2021-01-13 13:38 | Report Abuse

Heng Huat Resources Group Bhd executive chairman Ooi Chieng Sim has been remanded by the police to assist with investigations pertaining to developments surrounding ATTA Global Group Bhd, in which Ooi is also the executive chairman.
In a filing with Bursa Malaysia, Heng Huat said Ooi is assisting in the investigations for matters relating to the incident that happened in ATTA which is investigated under the Dangerous Drugs Act 1952 and not for matters related to Heng Huat.
As per the same announcement, it was noted that the executive chairman’s personal banking accounts and CDS accounts were frozen, ” said Heng Huat in the statement.
Save for our independent non-executive Ng Chin Nam’s personal banking accounts and trading account and the bankers’ acceptance facility accounts totalling RM3.7mil of the two non-major wholly-owned subsidiaries, namely HK Gua Musang Sdn Bhd and HK Kitaran Sdn Bhd, none of the Heng Huat group and directors’ banking accounts, CDS accounts and assets were frozen.
The freezing of the facility account by the bank that provides the facility is due to the bank’s internal policy in view of the trading suspension of Heng Huat.”
ATTA Global, in a separate statement, said a portion of the company’s premises located at Prai Industrial Estate, which is tenanted by a third party, had been raided by the police Jan 16 for the investigation of an offence under the Dangerous Drugs Act 1952.
It said nine banking accounts of the company and its subsidiaries - Duro Metal Industrial (M) Sdn Bhd, SMPC Industries Sdn Bhd, Syarikat Perkilangan Besi Gaya Sdn Bhd and Progerex Sdn Bhd, have been frozen.
Securities maintained in the CDS accounts belonging to the company’s subsidiaries, namely Progerex Sdn Bhd and Park Avenue Construction Sdn Bhd, have been suspended. Some of the group’s motor vehicles had been seized.
ATTA Global said its financials and operations will be substantially affected and had terminated the tenancy agreement of the involved tenant from Jan 20.
It appointed Chiok Kian Chau as acting chairman of the group during the absence of Ooi and an adhoc committee has been formed to oversee operations and address the issues arising from the investigations.
Trading of Heng Huat and ATTA Global was suspended last week on the orders of the Securities Commission Malaysia (SC).
A suspension mandated by the SC is a rarity, and the move by the regulator to suspend the two companies has sparked some interest.
“The direction to Bursa Malaysia was issued pursuant to sections 26 and 28 of the Capital Markets and Services Act 2007, following the seizure of the trading accounts of several key individuals involved in these companies by Polis DiRaja Malaysia,” the SC said in a reply to StarBiz.
Ooi serves as the executive chairman of the Main Market-listed ATTA Global and the Ace Market-listed Heng Huat and is a major shareholder of both companies.
The 50-year old Ooi owns a 10.3% stake in ATTA Global and is its third largest shareholder.
He emerged as the single largest shareholder of Heng Huat on Oct 31, 2019 after acquiring a direct stake of 2.95% and a 17.38% indirect stake.
Following this, he was appointed as Heng Huat’s chairman on Nov 1, 2019.
Ooi’s name also appears on the shareholders’ list of several other listed companies on Bursa Malaysia. Interestingly, he is the fourth largest shareholder of Penang state government-controlled PBA Holdings Bhd.
According to its annual report for the financial year of 2018 (FY18), Ooi held a 1.61% stake in PBA.
He also controls a 6.87% equity interest in See Hup Consolidated Bhd, as per the company’s FY19 annual report.
In addition, Ooi has a 0.25% direct stake in K-Star Sports Ltd and a 2.71% indirect stake through Skylitech Resources Sdn Bhd.
Some 13 years ago, it was reported by The Star that Ooi was served a five-year jail term and a RM10,000 fine for forging a will. He, however, walked out a free man in 2007 after his conviction was set aside by the High Court.
In 2012, Ooi came under the spotlight again after he resigned unexpectedly as the executive chairman and managing director of financially distressed Hock Lok Siew Corp Bhd (HLS), which manufactured audio speakers.
“His reason for the resignation is due to pressure and stress arising from the court case with Malayan Banking Bhd in relation to the corporate guarantee amounting to RM31.26mil,” the company said in a Bursa Malaysia filing then.
A year later, HLS was delisted from Bursa Malaysia as it failed to submit a financial regularisation plan with regard to its PN17 status.
As recent as last year, Ooi’s name again appeared in the media for trying to requisition Seacera Group Bhd for an extraordinary general meeting (EGM).
Ooi, together with two other shareholders namely Lim Seow Chin and Ng Wai Yuan on May 31, 2019 requisitioned for the EGM in order to remove 11 existing ones and appoint seven new directors.

Posted by kenie > 2021-01-13 13:39 | Report Abuse

As recent as last year, Ooi’s name again appeared in the media for trying to requisition Seacera Group Bhd for an extraordinary general meeting (EGM).
Ooi, together with two other shareholders namely Lim Seow Chin and Ng Wai Yuan on May 31, 2019 requisitioned for the EGM in order to remove 11 existing ones and appoint seven new directors.
At the moment, it is unknown when the trading suspension on ATTA Global and Heng Huat will be lifted.
ATTA Global is involved in the manufacturing of metal products and property development.
On the other hand, Heng Huat manufactures biomass material and value-added products, as well as its own brands of mattresses and bedding accessories.
Over the last one year, both stocks have been on a downtrend. ATTA Global’s share price has dropped by about 26% to 44.5 sen as of January 16, while Heng Huat has fallen by over 75% to 3.5 sen. Both counters were suspended on Jan 16.
It is worth noting that Heng Huat is at its record-low level currently. ATTA Global has been on a buying spree for real estate companies in 2019, following its venture into property development a year earlier.
In August 2019, the company completed the acquisition of the entire stake in MPSB Venture Sdn Bhd for RM28mil.
In Oct 2019, the acquisition of the RM24mil Climate Attitude Sdn Bhd was completed for RM24mil. In the same month, ATTA Global announced that it will be buying a 55.31% stake in Tetap Gembira Development Sdn Bhd for RM16mil.
Meanwhile, Heng Huat increased its exposure in coconut fibre production after it bought a 97% equity interest in Sabut Kelapa Terengganu Sdn Bhd for RM200,000 in Sept 2019.
Post-acquisition, the company expects to be the single largest market leader in the Malaysian coconut fibre scene, with a market share of approximately 80%.

Posted by kenie > 2021-01-13 13:39 | Report Abuse

Raja dadah DAP ditangkap
https://www.youtube.com/watch?v=Mj6NJ5DA3hI

Posted by kenie > 2021-01-13 13:40 | Report Abuse

company boss
https://www.youtube.com/watch?v=6arcPjy52jE

Posted by caonima > 2021-03-11 16:37 | Report Abuse

WC callbuy, remember to take profit very quickly

Posted by gateway31 > 2021-03-12 09:31 | Report Abuse

take profit quick, they always use same teknic

Posted by gateway31 > 2021-03-12 19:18 | Report Abuse

wow.. this time is solid new!

Posted by caonima > 2021-03-16 10:18 | Report Abuse

already told ya, callbuy in public let public eat ticket, now they already gone...

Posted by gateway31 > 2021-03-16 18:05 | Report Abuse

sedihnya... :( got trapped condo.. high high high

Posted by ayra15 > 2021-03-17 13:12 | Report Abuse

Afternoon 0.3?

Posted by ceelo87 > 2021-03-21 00:01 | Report Abuse

good news? next week fly sky high?

Posted by Jeffreyteck > 2021-03-21 09:54 | Report Abuse

Always good to have hope as like vision 2020 only saw old horse earned the most. Lol.

Posted by gateway31 > 2021-03-25 19:13 | Report Abuse

finally..

Posted by Topglove2b > 2021-03-26 18:53 | Report Abuse

Sheep!!! Finally claming down. Who hold shares all captured and frozen. Will freeze parents and siblings and friends?

https://klse.i3investor.com/m/blog/kennethvunmaksiewweicbt/2021-03-26-story-h1542991817-__The_new_John_Soh_of_Malaysia_Mak_Siew_Wei___Kenneth_Vun_Yun_Lun__SC__.jsp

√ The new John Soh of Malaysia Kenneth Vun Yun Lun + Mak Siew Wei? SC / PDRM / MACC / Singapore MAS probed, remanded, charged, confiscated count down

Insider posted full nominees names and date captured. Then removed. Anyone got full list?
26/03/2021 6:44 PM

Posted by MelaccaRun > 2021-03-28 20:17 | Report Abuse

Correct link here. HOLD SHARE Only cannot meh? If sell now not frozen account right?


bursabribe2 https://kennethvunyunlun.wordpress.com/2021/03/26/the-new-john-soh-of-malaysia-kenneth-vun-stock-rigging-scheme-the-last-nail-on-his-own-coffin-how-sc-pdrm-macc-singapore-mas-probed/

Kenneth Vun Yun Lun and Mak Siew Wei prove leaked. Here we go.
28/03/2021 7:19 PM

Posted by gateway31 > 2021-03-29 12:04 | Report Abuse

too big to fail?

Posted by TangkapBursa > 2021-03-29 12:45 | Report Abuse

Too too big guarantee fail. MACC and polis in Bursa now!?? Who they pay in Bursa?


cleanupbursa The Edge evidence more complete.


50 insiders only? I though 500? So how PUMP last round first before run?

https://klse.i3investor.com/blogs/kennethvunmaksiewweicbt2/

Read original better.

https://kennethvunyunlun.wordpress.com/2021/03/29/fifty-shades-of-vun-...

The new John Soh of Malaysia Kenneth Vun’s stock rigging scheme the last nail on his own coffin? How SC / PDRM / MACC / Singapore MAS probed, remanded, charged and confiscated Kenneth Vun Yun Lun + Mak Siew Wei RM2 billion stock rigging Syndication?

https://kennethvunyunlun.wordpress.com/2021/03/26/the-new-john-soh-of-...


Eddie Chai, Kenneth Vun, Mak Siew Wei top 3 leaders. Maybe 10 years behind bar.

Others 5 more top nominees maybe 10 years.
50 smaller nominees easiest to crack. Haul in 1 hour tell all. Maybe turn witness 3 years.
200 churning nominees don't need crack. Who send money who open account, talk to who, all given, reprimand RM1mil each.

Victim investors affected easily 10,000 during 2019-2021. Pump toilet paper stocks maybe 30 stocks. Printed toilet paper pump up maybe RM10 billion dump RM2 billion. Cash RM1 billion pump 3rd round 10 stocks ESOS, Right Issue, illegal take out buying 20 stocks back to criminal pocket.

There could be a last PUMP before last DUMP. Watchout.
29/03/2021 10:32 AM

Posted by gateway31 > 2021-03-29 14:34 | Report Abuse

today mostly buy transaction.... hmm, ready to pump ke

Posted by ceelo87 > 2021-03-31 10:35 | Report Abuse

sideway

Posted by udangmatabiru > 2021-04-06 12:01 | Report Abuse

start your engine......

Posted by ceelo87 > 2021-04-07 21:45 | Report Abuse

enter again..

Posted by gateway31 > 2021-04-08 10:09 | Report Abuse

hmm..something coming

Posted by Johnborne > 2021-04-08 15:59 | Report Abuse

lkl go, this one should follow

Posted by gateway31 > 2021-04-12 09:16 | Report Abuse

why no move yet o... LKL fly non stop d

Posted by ayra15 > 2021-04-12 14:57 | Report Abuse

all wayang volume

Posted by ceelo87 > 2021-04-13 22:34 | Report Abuse

settlement outside court? :D

Posted by ceelo87 > 2021-04-21 18:24 | Report Abuse

why so many court case

Posted by ayra15 > 2021-04-27 21:40 | Report Abuse

https://www.theedgemarkets.com/article/seacera-supply-ppe-hand-sanitisers-145-bank-islam-outlets

Posted by udangmatabiru > 2021-05-25 18:04 | Report Abuse

zzzzz

Posted by udangmatabiru > 2021-06-03 20:45 | Report Abuse

back to action?....

Posted by Bullish > 2021-06-09 13:19 | Report Abuse

Over 30c this week

Posted by madmusrz > 2021-10-18 17:05 | Report Abuse

PN17 company..will dissolve asset soon

Posted by wallstreet777 > 2021-10-26 01:22 | Report Abuse

dissolve asset good or bad?