Jack Mak

ray4087 | Joined since 2017-01-26

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https://t.me/bursasahamgroupdiscussion https://t.me/forexlineindicator

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Stock

2020-07-16 09:41 | Report Abuse

Someone invite to goreng like PDZ don't be trapped

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2020-07-16 09:22 | Report Abuse

Sell MYEG buy ancom

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2020-07-16 09:06 | Report Abuse

Sell it before too late the JV no meaning right now

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2020-07-16 09:04 | Report Abuse

Bad news everyone related to MYEG scandals

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2020-07-16 09:01 | Report Abuse

told you where is the gap up hahhaa

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2020-07-16 08:59 | Report Abuse

New takeover take 1 or 2 year to start production

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2020-07-16 08:59 | Report Abuse

Gap down due to vaccine results and glove no more interestests

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2020-07-15 20:09 | Report Abuse

UK corona virus vaccine is Working!!!

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2020-07-15 20:04 | Report Abuse

All US stock soar during opening bell on vaccine results don't expect to much glove counter will spin down

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2020-07-15 19:32 | Report Abuse

Today glove counter all red because the vaccine provided by UK has good results... the JV no meaning la

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2020-07-15 19:14 | Report Abuse

Vaccine ready no more hope guys... glove counters will turning down

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2020-07-15 19:01 | Report Abuse

im stuck up on this counter at 0.085

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2020-07-15 17:56 | Report Abuse

scandals not clear how can the price move... 50/50 up and down

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2020-07-15 16:56 | Report Abuse

Small queue at 0.140

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2020-07-15 16:23 | Report Abuse

Someone is collect... Notice of interests

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2020-07-15 15:15 | Report Abuse

After this news tomorrow will be gap up

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2020-07-15 14:41 | Report Abuse

SALIENT TERMS OF THE AGREEMENT
3.1
The Agreement is intended for MMSB and JD to confirm their interest in establishing a Joint Venture Company to acquire a company (“Glove Company”) in the manufacturing and marketing of gloves and possessing an on-going glove making factory, its machineries, intellectual patent rights (if any) and fixed assets of buildings and land at the purchase price to be negotiated and agreed upon by the Parties.
3.2
MQ Tech and JD shall subscribe and participate in the capital of the JV Company at all times in the proportions of 30% and 70%, respectively. All measures and expenses relating to the acquisition of the Glove Company shall be borne and paid for by both parties in the same proportion earlier mentioned.
Both parties mutually agree that MQ Tech shall be entitled to increase its participation in the equity capital of the JV Company by another 30% by acquiring 30% of equity capital held by JD at fair market value in due course.
3.3
In the event of either party committing a breach of any of the provisions of the Agreement, the other party shall, without prejudice to other rights and remedies available, have the right to terminate the Agreement, by giving the defaulting party a 30 days prior notice in writing, specifying inter alia the nature of the claimed default and the intention of termination unless such default is rectified by the

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2020-07-13 21:50 | Report Abuse

https://www.theedgemarkets.com/article/tata-sons-plans-quit-airasia-india-venture

NEW DELHI (July 13): Tata Sons plans to quit its budget airline venture with AirAsia Bhd as the Covid-19 pandemic batters the aviation business, according to an Indian media report on Monday.

Malaysia's AirAsia Bhd owns 49% of AirAsia India, the maximum foreign ownership allowed in an Indian airline, while the remainder is held by Tata Sons.

"Tata is not very keen on staying invested in AirAsia India. AirAsia's Malaysian partner has approached Tata Sons to sell its 49% but Tata has not accepted the offer.

“In fact, the plan — which is at a preliminary stage — is to exit its holding in AirAsia India and focus more on Vistara," Livemint.com reported, citing sources.

Vistara is another one of Tata Group’s airline venture, launched in partnership with Singapore Airlines.

An AirAsia India spokesperson declined to comment when contacted by Bernama.

The airline, which began operating in June 2014, had talked about its plans to launch international services as well as a stock market listing before the pandemic sent the global airline industry into a tailspin.

It has more than two dozen aircraft and a network of 21 destinations in India.

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2020-07-13 18:07 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") RIGHTS ISSUE WITH WARRANTS
VSOLAR GROUP BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY")

RIGHTS ISSUE WITH WARRANTS
Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement.



On behalf of the Board, M&A Securities wishes to announce that the Rights Issue with Warrants has been completed following the listing and quotation of 1,232,492,289 Rights Shares and 821,661,526 Warrants on the ACE Market of Bursa Securities today.



This announcement is dated 13 July 2020.

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2020-07-10 19:13 | Report Abuse

UMA replied no news or announcement made by company

Sharp down on Monday!!!!!

Pursuant to Paragraph 9.11 of the Main Market Listing Requirement (“LR”) of Bursa Securities, the Board of Directors of PDZ, after having made due inquiries with all the Directors, Major Shareholders and such other relevant persons, wishes to inform that to the best of their knowledge, the following:-



1) There are no corporate development relating to the Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion;



2) The Directors are not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity;



3) The Directors are not aware of any other possible explanation to account for the trading activity; and



4) The Company is in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.



This announcement is dated 10 July 2020.

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2020-07-09 20:50 | Report Abuse

PROVISION OF FINANCIAL ASSISTANCE
MY E.G. SERVICES BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description MY E.G. Services Berhad ("MYEG" or "the Company")
- Provision of Financial Assistance pursuant to Paragraph 8.23(2)(e) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Pursuant to Paragraph 8.23(2)(e) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of MYEG wishes to announce the information on loans extended by its wholly owned sub-subsidiary, MY EG Finance Technologies Sdn. Bhd. in the ordinary course of its business as a licensed moneylending company for the quarter ended 30 June 2020, details of which are set out in the attachment.



The provision of financial assistance as set out in the attachment does not have any material effect on the net assets and earnings per share of MYEG and its subsidiaries for the financial year ending 31 December 2020.



This announcement is dated 9 July 2020.

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2020-07-09 12:20 | Report Abuse

Wahai ikan bilis cut loss all now before you all jadi berudu...

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2020-07-09 12:05 | Report Abuse

those but top cut loss now or rugi banyak

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2020-07-09 12:04 | Report Abuse

Hahahha anyone trapped? it will back below 0.10 sen

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2020-07-08 17:52 | Report Abuse

OTHERS MY E.G. Services Berhad ("MYEG" or "the Company") - Validation of the Company's One-Stop COVID-19 Portal Data with Social Security Organisations Prihatin Screening Programme
MY E.G. SERVICES BERHAD

Type Announcement
Subject OTHERS
Description MY E.G. Services Berhad ("MYEG" or "the Company")
- Validation of the Company's One-Stop COVID-19 Portal Data with Social Security Organisations Prihatin Screening Programme
Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements dated 12 May 2020 and 13 May 2020.



Reference is made to the Company’s announcements on 12 May 2020 and 13 May 2020 (“the Announcements”) in relation to the launch of a one-stop portal for COVID-19 screening.



As stated in the Announcements, the one-stop portal for employers to register and arrange on-site COVID-19 screening for workers is a private initiative by the Company.



The Board of Directors of the Company (“the Board”) wishes to inform that subsequent to the Announcements, the Company had since embarked on an initiative with Social Security Organisation (“SOCSO”) to validate the employers’ and employees' eligibility for SOCSO’s Prihatin Screening Programme (“PSP”) subsidy.



This initiative with SOCSO enables the process of eligibility screening and subsidy claims under the PSP to be carried out through MYEG’s one-stop portal in a more seamless and efficient manner.



The Board wishes to inform that the initiative has been completed and the Company has received a letter dated 2 July 2020 from SOCSO confirming the same.



Should there be any further material developments on the above matter, the Board will release the necessary announcements in a timely manner to Bursa Malaysia Securities Berhad.

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2020-07-07 19:31 | Report Abuse

-A+A
PUTRAJAYA (July 7): The Court of Appeal is set to hear the merits of MyEG Services Bhd’s (MyEG) appeal against a High Court decision upholding the Malaysia Competition Commission’s (MyCC) action of imposing a RM9.34 million penalty on the e-government services provider for abusing its dominant position.

This follows the decision today by a three-member bench of the Court of Appeal not to grant leave to MyEG to introduce purported fresh evidence that was not adduced in the High Court.

The panel was led by Datuk Rohana Yusuf, and included Datuk Seri Azahar Mohamed and Datuk Zabariah Mohd Yusof.

In dismissing MyEG’s leave application, the judges ordered the company to pay RM20,000 in costs to MyCC.

MyEG’s substantive appeal against the RM9.34 million penalty is set for a hearing on Aug 13 where both MyEG and MyCC will submit their arguments to the judges.

Last year, the High Court upheld the penalty imposed by MyCC, ruling that MyEG was a monopoly and action should be taken against the company.

The RM9.34 million penalty comprises a financial penalty of RM307,200 and daily penalties from Oct 7, 2015 to Jan 22, 2019 amounting to RM9.34 million.

It was reported that MyEG had paid RM6.4 million of the total amount owed to MyCC.

MyEG said with the acceptance by MyCC, it had fully complied with the decisions made earlier by the commission and the Competition Appeal Tribunal.

Lawyer Datuk Lim Chee Wee acted for MyCC today, while Jack Yow appeared for MyEG.

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2020-07-07 19:29 | Report Abuse

Type Announcement
Subject OTHERS
Description MY E.G. Services Berhad ("MYEG" or "the Company")
- Eligibility of the final dividend of 2.0 sen per ordinary share in respect of the financial period ended 31 December 2019 in relation to the Proposed Dividend Reinvestment Plan
We refer to the announcement dated 27 February 2020 in relation to the proposed final dividend of 2.0 sen per ordinary share in respect of the financial period ended 31 December 2019 (“Proposed Final Dividend”) and the announcements dated 1 June 2020, 2 June 2020, 12 June 2020 and 29 June 2020 on the Proposed Dividend Reinvestment Plan (“Proposed DRP”).



The Board of Directors of the Company wishes to announce that subject to the approval of the shareholders on the Proposed Final Dividend and Proposed DRP at the forthcoming general meetings, the Proposed Final Dividend may be eligible for the Proposed DRP.


This announcement is dated 7 July 2020.

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2020-07-07 16:02 | Report Abuse

semalam adalah peluang untuk jual... sekarang dh turun... jual cepat sebelum pergi jauh.. jangan invest lama... jual bila untung jangan jual bila dh rugi

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2020-07-07 10:08 | Report Abuse

Sell now 1.500 before too late

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2020-07-06 16:24 | Report Abuse

Selagi scandals tak selesai volume tetap low

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2020-07-06 16:23 | Report Abuse

Aku dah cakap jangan buy jika low volume big selller tunggu kat atas

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2020-07-06 13:53 | Report Abuse

Price rise in low volume not so good... Big Seller is waiting to Sell while small buyer is buying Slowly up but instant going down that is problem when entry in low volume

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2020-07-04 19:59 | Report Abuse

only ikan bilis believe it will bull.. next week shark will start dispose.... TA strongly reject resistant.. how can rebound..

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2020-07-04 15:28 | Report Abuse

In addition, the consortium formed by the company with S5 and technology alliance (HTPADU, 5028, motherboard technology group) is also one of the leading bidders for the new National Integrated Immigration System (NIISe) project. The total value of this new contract that will soon replace the existing immigration system is RM1.2 billion. The only winners is HTPADU non corruption company like MYEG and Dsonic

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2020-07-04 15:26 | Report Abuse

investor will not trust corruption company... both counters will fails to secure the NIIS project... no recover or rebound... or you will trapped.. that the reminders

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2020-07-04 09:53 | Report Abuse

Let see on Monday the gap down...you will regret my advice

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2020-07-04 09:20 | Report Abuse

better to cut loss on monday before EPF and KWAP take action

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2020-07-03 22:47 | Report Abuse

https://www.tradingview.com/x/FZTaeZmg/ Technical chart shown Rejection trendline and it will heading to RM1

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2020-07-03 22:39 | Report Abuse

KUALA LUMPUR (July 1): Vsolar Group Bhd’s share price soared to a new high today, fuelled by the counter’s robust trading volume of 1.015 billion shares, which far exceeded its 200-day average volume of 17.11 million.

The stock — which was the most actively traded across the bourse today — settled 30.77% or two sen higher at 8.5 sen on market close after the solar energy firm yesterday reported a narrower net loss of RM366,000 for the third quarter ended March 31, 2020 (3QFY20) versus RM648,000 in the corresponding quarter a year ago.

The group’s market capitalisation stood at RM34.9 million. The stock has reversed its losses since March 16, when the stock was trading at two sen, its lowest this year. Year to date, the stock's value has increased by 40%.

Vsolar’s narrowed net loss for 3QFY20 was achieved on the back of higher revenue of RM880,000, over six times the RM142,000 it achieved a year earlier, boosted by higher demand from information technology product sales during the quarter.

The group, however, saw its net loss widen to RM2.28 million for the nine-month period ended March 31, 2020 (9MFY20) compared with a net loss of RM1.22 million a year earlier, though revenue grew 50% to RM1.92 million from RM1.28 million.

The group said it is reviewing several renewable energy projects including examining opportunities to participate in the Government’s drive to increase investments in the revised Net Energy Metering (NEM) Scheme.

On June 16, the loss-making firm announced that it was looking into developing a large-scale solar facility under the Energy Commission’s LSS@MenTARI programme.

The ACE Market-listed group plans to bid for a quota under the programme, with the support of Mattan Engineering Sdn Bhd as the engineering, procurement, construction and commissioning partner to develop the project.

Maybank Investment Bank Bhd remisier Jeffry Azizi Jaafar said interest in the counter was driven by a few factors, including Vsolar’s collaboration with Mattan.

“Lately the [solar power] sector seems to have garnered positive sentiments especially from the Government. Last week TNB (Tenaga Nasional Bhd) awarded contracts to two companies for solar-related projects. This bodes well for the sector,” he told theedgemarkets.com when contacted.

“On the technical front, Vsolar has made a breakout from the resistance level of six sen on June 29. This led to the change in the share price trend from sideways to uptrend,” he added.

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2020-07-03 22:36 | Report Abuse

oil market not so impressive so far due to Solar energy more cheaper and unlimited energy with no impact like oil...... my town now using Solar energy no more generator power supply... And electricity also expensive currently in our country

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2020-07-03 22:29 | Report Abuse

hahahah i have sell all my shares on MYEG today.... if drop i will buy from bottom hehehhe by the way that scandals will have impact for MYEG next week.. court hearing next on14th July until that no more bull for MYEG.. red sea within two weeks ahead... stay away from MYEG...All in for SOLAR shares next week ahead because oil market no more interested...

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2020-07-03 20:56 | Report Abuse

KUALA LUMPUR: Seorang kakitangan pengurusan kanan dari penyedia e-perkhidmatan MyEG Services Bhd memberitahu Mahkamah Tinggi dalam perbicaraan rasuah Ahmad Zahid Hamidi bahawa bosnya mengarahkan syarikat itu membayar RM9.6 juta kepada firma guaman yang berkaitan dengan kes bekas timbalan perdana menteri itu tempoh dua tahun. Ketua pegawai kewangan Chong Chien Meng berkata, RM9.6 juta, yang dibuat melalui 16 cek, adalah "pinjaman pengarah" kepada Mohd Jimmy Wong Abdullah, anggota lembaga pengarah MyEG. Pembayaran dibuat dari 13 Mei 2016 hingga 26 Mac 2018. "Dia menyuruh saya mengeluarkan cek banker atas nama firma guaman Lewis & Co.." Saya menganggap itu adalah pembayaran untuk kes undang-undang, jadi saya meletakkannya pada dokumen draf bank, ”kata Chong kepada timbalan pendakwa raya Harris Ong. Harris bertanya kepada Chong mengapa dia tidak memasukkan nama Wong dalam dokumen perbankan kerana saksi mengatakan RM9.6 juta itu adalah pinjaman. "Sekiranya kami meletakkannya sebagai pinjaman untuk Datuk Jimmy, maka itu tidak sesuai dengan nama penerima (Lewis & Co)," saksi menjawab, sambil menambah bahawa dia mencatatkan RM9.6 juta sebagai "pinjaman pengarah". Chong juga memberitahu mahkamah bahawa dia tidak menyoal Wong mengapa dia memerlukan sejumlah wang dari MyEG. "Ini sesuatu yang peribadi. Dia kemudian membayar balik pinjaman kepada syarikat itu, ”katanya. Menjawab soalan dari peguam Zahid, Hamidi Mohd Noh, mengenai apakah juruaudit syarikat membangkitkan sebarang masalah mengenai "pinjaman pengarah", Chong mengatakan mereka tidak. Penasihat bersama Ahmad Zaidi Zainal kemudian bertanya kepada Chong mengenai pengumuman MyEG pada 19 Oktober 2018 bahawa pengarahnya tidak pernah membuat pembayaran kepada pihak ketiga untuk mendapatkan kontrak kerajaan. "MyEG keluar dan mengatakan mereka tidak terlibat dalam memberi suap pada projek apa pun yang anda perolehi?" "Ya," kata Chong, menjelaskan bahwa pengumuman Bursa bertujuan untuk menjelaskan laporan media yang mengaitkan MyEG dengan tuduhan rasuah Zahid. Dia juga mengatakan syarikat itu melancarkan siasatan dalam negeri untuk mengesahkan kesahihan laporan media tersebut. Pihak pendakwaan berpendapat bahawa Zahid menerima RM13.3 juta dari sebuah syarikat, Mastoro Kenny IT Consultant and Services, untuk membantu MyEG menjayakan projeknya. MyEG menyediakan pelbagai perkhidmatan kerajaan termasuk yang berkaitan dengan polis trafik, Jabatan Pendaftaran Negara dan Jabatan Imigresen. Zahid menghadapi 47 tuduhan pecah amanah yang melibatkan dana Yayasan Akalbudi yang dikendalikan oleh keluarga. Dia juga dituduh melakukan pengubahan wang haram dan juga menerima rasuah untuk pelbagai projek semasa menjadi menteri dalam negeri. Perbicaraan di hadapan hakim Mahkamah Tinggi Collin Lawrence Sequerah bersambung pada 14 Julai.

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2020-07-03 20:50 | Report Abuse

MyEG ALLEGED CORRUPTION & SCANDAL

An IT firm has landed in the spotlight after the MACC alleged it paid former home minister Ahmad Zahid Hamidi RM13.25 million to secure a MyEG project.

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2020-07-03 20:50 | Report Abuse

KUALA LUMPUR: Seorang kakitangan pengurusan kanan dari penyedia e-perkhidmatan MyEG Services Bhd memberitahu Mahkamah Tinggi dalam perbicaraan rasuah Ahmad Zahid Hamidi bahawa bosnya mengarahkan syarikat itu membayar RM9.6 juta kepada firma guaman yang berkaitan dengan kes bekas timbalan perdana menteri itu tempoh dua tahun. Ketua pegawai kewangan Chong Chien Meng berkata, RM9.6 juta, yang dibuat melalui 16 cek, adalah "pinjaman pengarah" kepada Mohd Jimmy Wong Abdullah, anggota lembaga pengarah MyEG. Pembayaran dibuat dari 13 Mei 2016 hingga 26 Mac 2018. "Dia menyuruh saya mengeluarkan cek banker atas nama firma guaman Lewis & Co.." Saya menganggap itu adalah pembayaran untuk kes undang-undang, jadi saya meletakkannya pada dokumen draf bank, ”kata Chong kepada timbalan pendakwa raya Harris Ong. Harris bertanya kepada Chong mengapa dia tidak memasukkan nama Wong dalam dokumen perbankan kerana saksi mengatakan RM9.6 juta itu adalah pinjaman. "Sekiranya kami meletakkannya sebagai pinjaman untuk Datuk Jimmy, maka itu tidak sesuai dengan nama penerima (Lewis & Co)," saksi menjawab, sambil menambah bahawa dia mencatatkan RM9.6 juta sebagai "pinjaman pengarah". Chong juga memberitahu mahkamah bahawa dia tidak menyoal Wong mengapa dia memerlukan sejumlah wang dari MyEG. "Ini sesuatu yang peribadi. Dia kemudian membayar balik pinjaman kepada syarikat itu, ”katanya. Menjawab soalan dari peguam Zahid, Hamidi Mohd Noh, mengenai apakah juruaudit syarikat membangkitkan sebarang masalah mengenai "pinjaman pengarah", Chong mengatakan mereka tidak. Penasihat bersama Ahmad Zaidi Zainal kemudian bertanya kepada Chong mengenai pengumuman MyEG pada 19 Oktober 2018 bahawa pengarahnya tidak pernah membuat pembayaran kepada pihak ketiga untuk mendapatkan kontrak kerajaan. "MyEG keluar dan mengatakan mereka tidak terlibat dalam memberi suap pada projek apa pun yang anda perolehi?" "Ya," kata Chong, menjelaskan bahwa pengumuman Bursa bertujuan untuk menjelaskan laporan media yang mengaitkan MyEG dengan tuduhan rasuah Zahid. Dia juga mengatakan syarikat itu melancarkan siasatan dalam negeri untuk mengesahkan kesahihan laporan media tersebut. Pihak pendakwaan berpendapat bahawa Zahid menerima RM13.3 juta dari sebuah syarikat, Mastoro Kenny IT Consultant and Services, untuk membantu MyEG menjayakan projeknya. MyEG menyediakan pelbagai perkhidmatan kerajaan termasuk yang berkaitan dengan polis trafik, Jabatan Pendaftaran Negara dan Jabatan Imigresen. Zahid menghadapi 47 tuduhan pecah amanah yang melibatkan dana Yayasan Akalbudi yang dikendalikan oleh keluarga. Dia juga dituduh melakukan pengubahan wang haram dan juga menerima rasuah untuk pelbagai projek semasa menjadi menteri dalam negeri. Perbicaraan di hadapan hakim Mahkamah Tinggi Collin Lawrence Sequerah bersambung pada 14 Julai.

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2020-07-03 20:45 | Report Abuse

Ya they obtained the contract because they Paid Zahid Hamidi some money.. no wonder they easy obtained the government contact... Next week maybe below RM1

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2020-07-03 20:42 | Report Abuse

Next Week EPF and KWAP will dispose their Shares a lots... Ikan Bilis all trapped... NIIS contract maybe not acquired by MYEG... or maybe contract will be terminated due to this scandals

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2020-07-03 20:39 | Report Abuse

KUALA LUMPUR: A senior management staff from e-service provider MyEG Services Bhd told the High Court in Ahmad Zahid Hamidi’s corruption trial that his boss instructed the company to pay RM9.6 million to a law firm linked to the former deputy prime minister’s case over a two-year period.

Chief financial officer Chong Chien Meng said the RM9.6 million, made through 16 cheques, was a “director’s loan” to Mohd Jimmy Wong Abdullah, a member of MyEG’s board of directors.

The payments were made from May 13, 2016 to March 26, 2018.

“He told me to issue the banker’s cheques under the name of law firm Lewis & Co.

“I assumed it was payment for a legal case, so I put it down on the bank draft document,” Chong told deputy public prosecutor Harris Ong.

Harris asked Chong why he did not put Wong’s name in the banking documents since the witness had said the RM9.6 million was a loan.

“If we put it as a loan for Datuk Jimmy, then it would not tally with the recipient’s name (Lewis & Co),” the witness replied, adding that he recorded the RM9.6 million as a “director’s loan”.

Chong also told the court he did not question Wong on why he needed that sum of money from MyEG.

“This was something personal. He later paid back the loan to the company,” he said.

To a question from Zahid’s lawyer, Hamidi Mohd Noh, on whether the company’s auditors raised any issues on the “director’s loan”, Chong said they did not.

Co-counsel Ahmad Zaidi Zainal then asked Chong about MyEG’s announcement on Oct 19, 2018 that its directors had never made any payments to third parties to secure government contracts.

“MyEG came out and said they were not involved in giving kickbacks on whatever projects you obtain?”

“Yes,” Chong said, explaining that the Bursa announcement was meant to clarify media reports that linked MyEG to Zahid’s corruption charges.

He also said the company launched a domestic inquiry to confirm the authenticity of the media reports.

The prosecution had contended that Zahid received RM13.3 million from a company, Mastoro Kenny IT Consultant and Services, to help MyEG secure its projects

MyEG provides a wide range of government services including those related to the traffic police, the National Registration Department and the Immigration Department.

Zahid is facing 47 charges of criminal breach of trust involving family-run Yayasan Akalbudi’s funds. He is also accused of money laundering as well as accepting bribes for various projects during his tenure as home minister.

The hearing before High Court judge Collin Lawrence Sequerah continues on July 14.

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2020-07-03 19:40 | Report Abuse

Wow MYEG scandals with Zahid hope no limit down on Monday after this news No wonder they cancel 12Million shares

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2020-07-03 14:36 | Report Abuse

Buyer show at 4PM