BeingCon

BeingCon | Joined since 2016-12-14

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Stock

2016-12-15 08:37 | Report Abuse

The Star still no appology. Foreign news pick up first:

MQ Technology says no talks with NagaCorp re Cambodian casino
BY Peter Amsel ON December 14, 2016

TAGS: CAMBODIA, CAMBODIAN RESORTS AND ENTERTAINMENT, DONACO INTERNATIONAL, MQ TECHNOLOGY, NAGACORP

mq-technology-nagacorp-cambodia-casinoA Malaysian technology firm has denied media reports that it is talking with casino operator NagaCorp about a proposed theme park/casino in Cambodia.

Over the weekend, Malaysia’s largest newspaper The Star reported that computer hard drive firm MQ Technology Bhd had entered into a joint venture with Cambodian Resorts and Entertainment Co Ltd (CRE) to build a $51m ‘Jurassic’ theme park and casino in Prey Veng Province on Cambodia’s border with Vietnam.

The joint venture proposed to set up shop in Banteay Chakrey, which is around 103km from Cambodia’s capital Phnom Penh. But NagaCorp holds a monopoly on casino gambling within 200km of the capital until 2035, leading the Star to speculate that MQ Tech and CRE could enlist NagaCorp to manage the property’s gaming operations.

On Wednesday, the Star published an article saying MQ Tech was “discussing casino plans with NagaCorp.” The reported quoted MQ Tech exec director Robbie Hari Krishnan Tatparanandam saying “we are talking to NagaCorp regarding this and we are working with them.”

Later on Wednesday, MQ Tech filed papers with the Bursa Malaysia stock exchange clarifying that “we are not in talks with gaming giant NagaCorp Ltd over plans to build a casino in [MQ Tech’s] new integrated resort and entertainment project in Cambodia.”

The Star report also quoted MQ Tech director Edwin Silvester Das saying that new substantial shareholders would be joining the Prey Veng joint venture. Reporters queried Krishnan if one of these investors might be Joey Lim, managing director of Donaco International, which operates the Star Vegas casino in Poipet. Krishnan declined to confirm or deny Lim’s potential involvement.

MQ Tech’s Star Acres subsidiary has signed a memorandum of agreement with CRE that will give Star Acres a 70% stake in the Cambodian joint venture. CRE intends to lease its casino license from its sister firm Arunbopea Layseng Keng Co.

Stock

2016-12-15 08:30 | Report Abuse

Richman please lah. You being hard selling whole day. You work for alex teh eng huat? News comes out 7pm, today maybe another blood bath or worst suspended. Stop selling fake thing. Nothing racist but from those new directors make it worst.

Stock

2016-12-15 08:28 | Report Abuse

The news is fake not only faked a link to nagacorp, and the mou in Cambodia is also punching tan sri cheng lip kiong monopoli status, no way anyone get another real license near nagacorp. Means this license is grey area or totally illegal. Another fake!!! Such news came out 7pm and The Star got no time pick it up. Hope hand itchy guys here lost few thousands only. Maybe some people lost six figure. Really can jumo off klcc.

Sue The Star or Bursa also no use then who to count on?

News & Blogs

2016-12-15 08:20 | Report Abuse

Today hope will rebound. Who sold shares??? Who is teh eng huat? Or teh eng huat is alex teh? Who is alex teh?

Stock

2016-12-14 22:08 | Report Abuse

http://klse.i3investor.com/servlets/stk/0070.jsp
Another case mq tech. How to report and catch this con man teh eng huat?

News & Blogs

2016-12-14 22:07 | Report Abuse

Last month of the year make big loss. Anypne knows where to complain and catch the s hole?
http://klse.i3investor.com/servlets/stk/0070.jsp

News & Blogs

2016-12-14 22:05 | Report Abuse

Some one help report bursa or The Star why con readers? Mq tech s hole.
http://klse.i3investor.com/servlets/stk/0070.jsp

News & Blogs

2016-12-14 21:56 | Report Abuse

Small invrstor lost money today. You think your boss can run away? Think twice.

Stock

2016-12-14 21:38 | Report Abuse

Amla freeze his money T3 before he ran away with shares and warrant money.

Stock

2016-12-14 21:37 | Report Abuse

Can someone report police and catch teh eng huat before he ran away with money?