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Herbert

Author: HerbertChua   |   Latest post: Sun, 19 Jan 2020, 4:43 PM

 

SSLEE made report to SC on Lay Hong, but unlicensed Tyyap keep promoting Lay Hong? Is unlicensed Tyyap out to con investors?

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Dear Herbert Chua,
If you had made an official complaint to SC with following evident, most likely SC will bring charge of insider trading. A fate similar to Stanley Thai. https://www.freemalaysiatoday.com/category/nation/2017/11/24/ex-ceo-st...

Subject: Layhong Insider trading

Securities Commission Malaysia,
No 3, Persiaran Bukit Kiara,
Bukit Kiara, 50490,Kuala Lumpur.

Dear Sir/Madam,

I refer to Layhong’s Q2 end 30th Sept 2018: Announced dated: 28th Nov 2018
https://klse.i3investor.com/servlets/staticfile/344269.jsp
A group pre-tax loss of RM17.17million was recorded in the current quarter compared to pretax profit of RM15.68 million in the corresponding quarter of last financial year. These were mainly due to the significant increase of approximately 8% in feed cost, resulting from the strengthening of the US dollars. The one time early retirement of the layer's amortization cost for a flock of birds has also contributed to the higher loss. This proactive prudent measure was taken as to mitigate the further spread of bird flu virus detected by the Veterinary department of Sabah in the surrounding area in one of our group's farms in Tamparuli, Sabah.

https://www.themalaysianinsight.com/s/85408
Published on 6 Aug 2018 10:11PM
THE Sabah Veterinary Services Department culled about 10,000 chickens in Tamparuli, at a poultry farm where bird flu has been detected, said the health division deputy director Dr Peter Lee Ah Kong. He said 18,000 chickens at another farm unaffected by the bird flu virus would be culled tomorrow.
https://klse.i3investor.com/servlets/stk/annchdr/9385.jsp
MR YAP HOONG CHAI 18-Oct-2018 Disposed 2,000,000 0.240
MR YAP HOONG CHAI 16-Oct-2018 Disposed 1,000,000 0.245
MR YAP HOONG CHAI 10-Oct-2018 Disposed 5,000,000 0.250
MR YAP HOONG CHAI 09-Oct-2018 Disposed 3,000,000 0.250
MR YAP HOONG CHAI 24-Sep-2018 Disposed 10,000,000 0.210
MR YAP HOONG CHAI 20-Sep-2018 Disposed 20,000,000 0.200
MR YAP HOONG CHAI 29-Aug-2018 Disposed 3,700,000 0.270
MR YAP HOONG CHAI 29-Aug-2018 Disposed 1,840,000 0.220
MR YAP HOONG CHAI 28-Aug-2018 Disposed 10,500,000 0.220
MR YAP HOONG CHAI 28-Aug-2018 Disposed 7,000,000 0.220

I refer CMSA Section 188.
(1) A person is an “insider” if that person-
(a) possesses information that is not generally available which on becoming generally available a reasonable person would expect it to have a material effect on the price or the value of securities; and
(b) knows or ought reasonably to know that the information is not generally available.
(2) An insider shall not, whether as principal or agent, in respect of any securities to which information in subsection (1) relates–
(a) acquire or dispose of, or enter into an agreement for or with a view to the acquisition or disposal of such securities; or
(b) procure, directly or indirectly, an acquisition or disposal of, or the entering into an agreement for or with a view to the acquisition or disposal of such securities
(4) A person who contravenes subsection (2) or (3) commits an offence and shall be punished on conviction to imprisonment for a term not exceeding ten years and to a fine of not less than one million ringgit

Please investigate is Mr. Yap Hoong Chai while in possession of material, non-public information between 28th August 2018 to 18th Oct 2018 disposed of LAYHONG –WA thus committed an offend under 188(2)(a) of the CMSA?

Thank you

18/01/2020 11:21 PM
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popo92 move on already dude
19/01/2020 7:03 PM
shortinvestor77 why now complaint, not last year?
19/01/2020 9:38 PM
Sslee Hahahaha,
Herbert Chua, I do not own any Layhong share hence I do not have any locus standi to lodge report on Layhong. I only suggest since you own layhong share complaining day and night in i3blog perhaps you should lodge the report to SC.
20/01/2020 8:52 AM


 

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