1. What happen to KYY Rm One million investment competition?
2. Why MCA rejected KYY 30 million donation offer?
Many people including stockraider as show in his post below are asking the first question but no one except stockraider asked the 2nd question.
My answer for the second question:
As I said no one except stocktrader has asked me this question in the last 6 years because the bad publicity had caused MCA to lose almost all the seats in the last general election.
I offered Rm 30 million with no profit incentive, to build student hostels within UTAR campus in Kampar, Perak. MCA which controlled UTAR rejected my offer. Multi-millionaire Tan Sri Hew See Toong and other MCA leaders who owned all the land outside the university campus, did not want any student hostels within walking distance to lecture halls to disturb or upset their lucrative property development business.
In fact, during the last general election period I canvassed for Dr Koh by telling all the voters about MCA’s rejection of my Rm 30 million donation offer. As a result Dr Koh won over MCA leader and former Minister Dato Lee Chee Leong by an unprecedented margin.
Dato Justice NH Chan wrote an article with the title “ Why should MCA interfere with UTAR?” to defend me. I shall post it on i3investor shortly.
Justice NH Chan passed away 4 days ago and his funeral was yesterday during which I was given the honor to deliver a eulogy.
Briefly I said that I first knew NH when he was reading in chamber with Cheang Lee and Ong, a well established law firm in Ipoh in 1963, 53 years ago. I remember that he did research for Tan Sri V. Jeyaratnam to defend an alleged murderer. The defense was successful.
Subsequently he joined the Government judiciary service. He rose from the rank and end up as an appeal court judge. During his retirement, he wrote the famous book with the title “How to judge a judge”. After reading the book of about 500 pages, I can summarize it in a few sentences.
A judge does not need to know all the laws to judge any case because the prosecutor will tell you which law the accused has broken and the defense lawyer will tell you why his client has not broken the law. A good judge will listen carefully and make his judgment. But there are a lot of corrupted judges who do not judge fairly in Malaysia.
Created by Koon Yew Yin | Jul 22, 2024
Recently one smart accountant pointed out to me that KP Property has millions of Redeemable Convertible Preference Shares (RCPS). This will affect its share price. I sold all my KPP shares to buy KSL.
Created by Koon Yew Yin | Jul 15, 2024
Currently Bahasa Melayu is taught in all Government sponsored schools. Bahasa Melayu is only good within Malaysia. All our overseas customers do not know Bahasa Melayu. I hope all our politicians...
Created by Koon Yew Yin | Jul 09, 2024
Created by Koon Yew Yin | Jun 28, 2024