Refers to: http://klse.i3investor.com/blogs/bursakingcross/87604.jsp

Kuala Lumpur, 7 Dec 2015: Shares of public listed company Wintoni (formerly known as Winsun) shall be suspended tomorrow 8 Dec 2015. According to Bursa announcement, the hostile new shareholder, Yap Kok Weng which made an unlikely mysterious entry has sold down almost all his shareholdings ahead of company announcement of failure to submit quarterly account. It was made known to public that weeks ahead of the report, the company office was broken in and police report was filed. Subsequently the director on duty, Keith Chaang Kok Fai which known to market as proxy of Yap was reportedly doesn't agree with the board majority and refused to sign off the report which market believes still in good standing despite strange broke in and tabled on time. Such decision had caused the failure of compliance and result in share trading suspension.

Strangely, Yap Kok Weng together with parties working in concert, to count Chang Khim Wah among others, may have known the insider information and acted earlier by selling down their shares. As evidence announced on Bursa website, Yap declared sold down of his shares on 27 Nov, and well ahead of public information until after 2 Dec. The sudden surge of trading volume from average within 2.5 million shares traded to over 25 million shares traded on daily basis ahead of public announcement is Unusual Market Activity (UMA) to the extreme and authority happens to not seeing such, itself is a mystery.

Market traders were puzzled with such ruthless and wide scale of insider trading activities, started from hostile take over and avoidance of general offer and recently force selling pattern of turbulance. Is Bursa Malaysia and Securities Commission allowing such public interest looting to happen repeatedly?

Evidence of serious market manipulation yet again raised eyebrows. Investors would be concerned if Yap and parties working in concert would still disguise by changing skin and continue to manipulate the company. A potential delisting may happen if those who broke the law are not deciplined. Perhaps the real minorities shall find ways to ask the authorities these questions.

[market research]

refers to earlier report: http://klse.i3investor.com/blogs/bursakingcross/87604.jsp

https://bursakingcross.wordpress.com/2015/12/04/headline-wintonis-yap-proxy-director-chaang-kok-fai-fails-to-approve-quarterly-account-as-chairman-of-audit-committee-shares-to-be-suspended/