30 May 2018, Kajang, Malaysia - Former Prime Minister led Barisan Nasional Government contracts beneficial, the public listed company Protasco Bhd saw stock price drop over 50% in less than 1 year, especially since the company Executive Director Dato Seri Chong Ket Pen openly shown his close tie and support to former Prime Minister Dato Seri Najib Razak, by funding and polish for Najib's PPA1M project, while successfully got awarded few road maintenances concessions as a reward.

The market saw Chong Ket Pen taking photos and showing off his effort to get close to Najib with widely known personal agenda. Newsletter and reports of Protasco Bhd carry Chong Ket Pen and Najib Razak photos since 2 years ago (2016-2018) was circulated through media and investor relation, proven Chong's betrayal to Protasco Bhd former beneficial owner, an eminent politician and businessman which is against Najib Razak led Barisan Nasional. Chong Ket Pen betrayed Protasco former owner and sold his soul to Najib Razak seems to work well when he uses Protasco as the front to bankroll his personal interest through crony contracts and pays himself extraordinary fees and benefits, result in more dividend payout from Protasco derived from these questionable contracts.

On 10 May 2018, Malaysia changed the government. Najib falls. So as Protasco share price. Protasco's former beneficial owner, a former UMNO member, is now with Parti Pribumi Bersatu Malaysia, part of Pakatan Harapan new government member. How fast will a traitor to Protasco former beneficial owner to Najib, and from Najib to who (in Pakatan Harapan) the reckless political frog will jump over? Will Pakatan Harapan "Eminent" members cover up cronies and money looting beneficiaries given by former government?

While the market does not believe in Chong Ket Pen's 4 years empty promises since the year 2014 anymore, will they believe Chong Ket Pen and Protasco will be covered and forgiven by the current government? What would Chong Ket Pen be answerable to public investors while he once again betrays his ally (Najib Razak), what makes him would be loyal to public investors? 

Like the former government, the root cause of the problem is the "People" running the country, so as the "People" milking Protasco Bhd. The entire UMNO and Barisan Nasional have to go, will Tun Mahathir and the "eminent" leaders be willing to cover up for Chong Ket Pen and his cronies? 

The former "MO1" of Malaysia together with his entire cronies network are cleaned up. Will Protasco Bhd "MO1" which said he is loyal to former PM Najib Razak, to escape their faith by kissing Tun M backside?

Having Chong Ket Pen sitting in Protasco Bhd was painted by Chong Ket Pen inside JKR as “Tun Daim partnering with Najib Razak” in JKR for contract raiding. The 2 might not even know Chong Ket Pen is merely using their names for corruption and personal benefits. Perhaps with the probe into MACC bottleneck the famous Tan Sri Hadenan would clear the path of PH to fulfil their manifesto cleaning up the root cause “institutionalised corruption” in government linked companies. Count Protasco Bhd on top of their list.

CroniBizNews 

Refers to TheStar news report on Protasco Bhd prospects. 12 May 2018:

https://www.thestar.com.my/business/business-news/2018/05/12/construction-players-face-uncertain-prospects/