Date of change 16 Dec 2023 Name DATUK CHAI WOON CHET Age 44 Gender Male Nationality Malaysia Designation Director Directorate Executive Type of change Demised Qualifications No Qualifications Major/Field of Study Institute/University Additional Information
Working experience and occupation Family relationship with any director and/or major shareholder of the listed issuer Any conflict of interests that he/she has with the listed issuer Details of any interest in the securities of the listed issuer or its subsidiaries
Announcement Info Company Name OVERSEA ENTERPRISE BERHAD Stock Name OVERSEA Date Announced 18 Dec 2023 Category Change in Boardroom Reference Number C03-18122023-00003
ACGA analyst Chris Leahy said regulators' efforts are hampered by political interference and material delays in cases that are prosecuted through the Attorney General's Office, even where SC has the right of audience as deputy prosecutors.
"We have seen this in some high-profile market manipulation, insider dealing and corruption cases where actions against certain subjects are inexplicably dropped despite material evidence to support prosecution."This casts serious doubts on Malaysia's appetite to tackle political and business corruption."
Leahy said despite creditable efforts by SC and Bursa Malaysia to enforce securities violations such as insider trading and market manipulation, these issues continue to be a material problem for Malaysia's securities markets.
Many of these problems occur among small-cap companies listed on Bursa Malaysia that have smaller free floats and are easier for insiders and market syndicates to control and manipulate.
Executives from SC and Bursa Malaysia, during a discussion admitted that this issue continues to be problematic for Malaysia's markets, he said.This shows they have a difficult job to do, added Leahy.
With the prevalence of political influence within the legal systems and the ability of certain insiders to exploit their influence to ensure legal impunity, issues with insider trading and market manipulation are unlikely to improve without a sea of change within Malaysia's political system.
"This change is not something that will happen overnight, if at all," said Leahy.
Malaysia patut ikut cara China, delist sykt2 yg tak baik, dll.
The number of companies delisted from China’s stock markets are approaching a record high this year, with about half of them losing their listing status after languishing below par value.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XOX BHD ("XOX" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 20 June 2023 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements dated 20 June 2023 and 8 August 2023.
On behalf of XOX, TA Securities wishes to announce that the Board has resolved to abort the Proposed Private Placement, after taking into consideration, among others, recent developments in the business plans and funding objectives of the Group. Accordingly, an application has been submitted to Bursa Securities on even date for the withdrawal of the relevant additional listing application.
Superb good news… XOX withdraw it’s additional listing application !
So no more issue new shares, it’s limited shares will be grabbed like hot cake liao !
Since the XOX-WC was expired and no more listed, so it’s the time now for XOX to give free warrants XOX-WD to it’s die hard supporters as a rewards now ! Come on, please announce the listing of free warrants XOX-WD now !
FINTEC is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 31 Jan 2023.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
VIZIONE is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 6 March 2024.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
pERANGKAP YG LUMRAH: right issues, share split, esos kpd pengarah2, private placement at depressed prices, last last consol to make the final killing hehe... dulu bekas pm (muhyiddin & sabri), kini pm anwar... berani manipulasi syer lagi ATAUPUN PAKAI TAKTIK YG SAMA? HEHE
XOX is another Magnificient 50 THAT IS STILL 5B NOSH. Now 2.5c, dont be like a bird cheap cheap cheap. At 2c entry , when it finally settle at 0.5c one day before 30 to 1 , you could lose 80% of your capital. unbelievable but true .
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....
Good123
25,052 posts
Posted by Good123 > 2023-12-19 12:04 | Report Abuse
Xox macam tak diminati selepas kematian eddie.
:(