Natural Law - how Chong Ket Pen greed escalated to millions suffer

Ire-Tex Corp Bhd Donald Yap's balls held by Mak to appoint conflicted directors 1 day before court?

NaturalLaw
Publish date: Fri, 11 Aug 2017, 02:54 PM
Greedy man who broke all laws to retain his power is causing public shareholders suffer. Who is Chong and what he has to do with Iretex Mak lin Kum, felix Chin Wui Choong and Teh Eng Huat?

7 August 2017, Kulim, Kedah, Malaysia - Ire-Tex Corp Bhd's de factor co-founder/deputy chairman Datuk Donald Yap Tat Keat which has technically sold and shields his Ire-Tex shares in company K.O. Limited Partnership, had recently made an announcement to hold EGM on 22 August 2017 to appoint 4 directors to the board. Donald Yap on 14 July 2015 sold 13,298,585 shares to K.O. Limited Partnership. (refer to http://www.bursamalaysia.com/market/listed-companies/company-announcements/4806157 and http://www.bursamalaysia.com/market/listed-companies/company-announcements/4806145)

The 4 directors are related to Mak Lin Kum, the not-independent independent director in Ire-Tex, which is part of corporate terrorism syndicated & originated from one Chong Ket Pen, the Group Managing Director of another company Protasco Bhd. Chong Ket Pen's involvement tracked back to Tan Yee Boon, a director of Protasco Bhd, which uses his law firm David Lai & Co to represent Teh Eng Huat in an attempt to injunct shareholders from voting in July 2017 EGM. Tan Yee Boon was referred by Dato Ooi Kuok Aun into Protasco Bhd to watch over his investment in Protasco Bhd, which later among the early betrayal to Dato Ooi when Chong Ket Pen manufactured a blame to Dato Ooi & Dato Tey. Tey is Ooi's business partners, and they both were shareholders of Ire-Tex Corp Bhd. Tey sold and exit Ire-Tex last year.

The first director nominated in the list is SAHARUN NIZAM BIN SAHARAN (IC: 700624-08-5995), the former staff of Ire-Tex Corp Bhd which had been re-hired by Mak and the syndicates as the CEO of Ire-Tex, replacing the vacancy left over by co-founder Christopher Purcell. Nizam was already joined as part of Mak's syndicates before the appointment to the board. The second director nominated is MOHD FAHAMI BIN MOHAMED (IC: 860605-46-5389). Fahami is the finance officer of R&A Telecommunication Bhd, another company whom Mak advised Ooi & Tey on corporate restructuring. Mak Lin Kum was referred by R&A director Sim Keng Siong, where Sim was referred to Dato Tey when Dato was a director of Nexgram Holdings Bhd. MAHYUDIN BIN ZAINAL (IC: 690205-10-5369) was yet another puppet lawyer whom Mak Lin Kum planted to stir issues to retain his jobs in cases he fabricated. CHIN PENG WAI (IC: 690327-07-5209) is another candidate in a conflict where CHIN works for Zoomic, the subsidiary which Ire-Tex purchased from Teh Eng Huat having a fake contract and failed profit guarantee, now pending legal proceedings against Teh Eng Huat for RM6.3m profit guarantee. Zoomic is also the subject matter of undisclosed RPT and potential CBT when Teh Eng Huat together with Khoo Hun Sniah paid RM3m to Teh Eng Huat's sister without board or shareholder approval. Such incidents were reported in Bursa Malaysia announcements. Both law suits were dropped by Mak Lin Kum and Felix Chin Wui Choong, in exchange for Teh Eng Huat's cooperation to take advantage and profits from Dato Tey and Dato Ooi's investments.

(refers to: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5508013 Download the circular for the backgrounds)

All the 4 candidates are parties acting in concert, in an attempt for Mak Lin Kum and syndicates to stay in power using these new proxies, ahead of the end of August 2017 AGM deadline. By default, Mak Lin Kum and the syndicates would be retired automatically even with their illegal actions incriminating themselves for not calling AGM. Mak and syndicates not only in breach of their fiduciary duties but also took the law and court on their own hand, ahead of 23 August 2017 court hearing. The 23 August 2017 hearing was also fabricated in order to stay in power, in hope that Teh Eng Huat would succeed in stealing an unjust personal legal proceeding,

 

Origin of Conflict, Motive, and Objective

Packaging company Ire-Tex Corp Bhd founded by Penang based Dato Donald Yap has been the target for bigger picture corporate fight between Dato Sri Chong Ket Pen and Dato Ooi Kuok Aun & Dato Tey Por Yee. Chong Ket Pen which is now exposed of fabricating false reports and blames (on his victims Ooi & Tey) in order to take control of Protasco Bhd from the de factor controlling shareholders (Ooi & Tey) at the material time, has escalated to series of character assassination campaign fabricated by Chong Ket Pen's syndicates. Ire-Tex Corp Bhd is one of the victims of such corporate terrorism.

Chong Ket Pen with the objective to keep his control of Protasco Bhd and bury away his history of cheating his saviors, planted series of the law suit to the victims had indirectly given birth to jobs for the pack of lawyers. Among casualties caused by Chong Ket Pen, counts one Gideon Tan, the lawyer of the victims who lost his high court appeal for "disclosing lawyer-client-privilege information" (refers to http://www.themalaymailonline.com/malaysia/article/federal-court-rejects-bid-for-new-self-defence-exception-in-lawyer-client-c). Mak Lin Kum, another one of the victim's lawyers handling their corporate legal affairs in Wintoni Group Bhd, R&A Telecommunications Bhd, Ire-Tex Corp Bhd and Nexgram holdings Bhd, is a perfect target. Mak manufactured series of reports to the authorities in order to create excuses to manufacture jobs for himself. The series of self-incriminating legal suits manufactured by Mak and his syndicated fits Chong Ket Pen's profile in order to directly and indirectly, drain Ooi & Tey resources. The syndicates were caused by Chong Ket Pen's Domino effect, with or without them knowing it.

Dato Donald Yap, which is the main party signing sales commission agreements in a false allegation and law suit, again, fabricated by Mak Lin Kum to obtain board control from director Jimmy Kong and Christopher Purcell, did not surprise the market when his balls were held by Mak and enslaved to talk the tone of what Mak  Lin Kum and syndicates needed from him, on hostage.

The corporate history will be rewritten when syndicates with personal interest could vandalize and abuse their power, could be escalated and prolonged causing damages to shareholders. The legal system is of challenged.

Natural Law News

 

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=12940&name=EA_GM_ATTACHMENTS

 

 

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment