Here goes the money.

薪水 (SALARIES) 明抢漏洞，越偷越大，没人管？张吉平个人薪水3年起了400%达到马币4百万（RM4 million salary, up 400%) 夸张天价，股东好比被打枪，贼喊捉贼老狐狸尾巴表露无遗，明抢动作白热化又如何？张某自从得手富达，自己薪水自己开，已经到了目无法纪强盗行为。不但自己开马币4百万年薪，还给董事和高管开了马币1千万年薪福利作为“掩口费”，比较第一和第二季度财报，等于“大部分盈利”已经私囊，公司和股东被淘空空。包括股息，张吉平个人从2013年到2016年间，制造故事排除富达2个大股东后，自己明拿马币4千万 （RM40 million），暗地里私吞了多少，贪赃枉法动作见仁见智，你猜呢？当年突然陷害富达新股东目的何在，如今一目了然，小股东被骗的感觉后悔当初也没用。钱被张吉平圈走了，节哀顺变吧。执法当局如果有慧眼以鸟图看清全局识破骗子的骗术，被骗去抓“麻雀”忘了“老鹰还在富达里”，就不会呆在“有关部门”当差啦，普通股民就看开点别指望了。

Public looting salary packages a loophole unregulated? Chong Ket Pen personal salary sky rocket 400% to RM4million in just 3 years, at time when Protasco suffered huge drop in Profit and cash flow is devastating. Shareholders not only felt cheated, but being robbed and raped in the public. To cover up Chong Ket Pen real motive and objective when he manufactured a blame to get rid of Protasco new substantial shareholders Ooi & Tey in year 2014, in just 3 years time, Chong Ket Pen had raised director fees & benefits to over RM10 million per year. The board-in-collusion's mouths were covered with shareholders money, a perfect organised public looting team had since milked Protasco cash & cash equivalent from RM280 million in 2013 to just RM6 million in Q2'2017. Investors need not look far to compare Protasco performance vs management pay packages with other mid size construction companies. Together with dividends, Chong Ket Pen had drawn RM40 million for himself in just few years he took full control of protasco, not bad for a public servant. As for authorities which was cheated to catch the shadows and did not saw the big elephant inside Protasco, small investors would just accept the fact that the relevant authorities are just salaried officers, don't put too much hope on looking from bird view nor understand the tricks of the criminal masters.

http://klse.i3investor.com/m/blog/Crocsandtigers/131068.jsp

Cheh. Chong thinks he is the only one hensum meh? Already loss most road jobs, con jobs he is expert lah. C2pid crookz, Najib saw Hadenan face = Tun M lah. Give him a blu job lor. That he sure can deliver.

Took profit 1.17. Next profit taking coming above 1.20. Ckp stolen so much protasco money sure can buy up. Drop 1.12 will buy back. Tease ckp sure gain.

Chong ket pen stolen money at work. Yes! Up baby up!

Using illegal money to buy. Let him buy lor. All confiscated anyway. Lolol

Getting more ugly. Fox tail is out, waiting to be captured.
https://klse.i3investor.com/blogs/truebackground/132520.jsp

Findckp? Everyone in the force waiting to skin chong. To serve "national justice". Dato, chong use protasco taken from "malaysian - JKR, our road", rm40mil to himself reported in bursa to "himself"! And balance rm240mil cash gone.

Why nobody saw this? Now is not just ooi kock aun and tey por yee being cheated, but the country and people of Malaysia taken for a ride. Wtf. Can get back those ill gotten money?

Everyone in the force waiting to skin chong. To serve "national justice". Dato, chong use protasco taken from "malaysian - JKR, our road", rm40mil to himself reported in bursa to "himself"! And balance rm240mil cash gone.

Why nobody saw this? Now is not just ooi kock aun and tey por yee being cheated, but the country and people of Malaysia taken for a ride. Wtf. Can get back those ill gotten money?

To chong ket pen, not the author. Successful criminal. Lol

Thumbs up.

This one Chong Ket Pen of Protasco even better.
10 years money RM280 milllion finished (taken) in 3 years.
Salaries shoot up 10 times to RM4 million.
Borrow money pays dividend, let public pay the bill.
1 man stolen all. Thumb up.

Question about "independent directors" role, learn from this man, triple directors fees to cheat company together.
Double thumbs up.
http://klse.i3investor.com/m/blog/Crocsandtigers/131068.jsp

This one not complete. Here is more macro scope of where and how chong ket pen cheated everyone.

CkpStolen Good article to share.

http://klse.i3investor.com/m/blog/Crocsandtigers/131068.jsp

25 August 2017 - Protasco Bhd under Group managing Director Chong Ket Pen leadership, saw the cash flow worsen from Q1'17 to Q2'17, with cash and cash equivalent drop from RM280 million to just RM6 million as of 30 June 2017. Except the jaw dropping self written 400% increase of RM4 million yearly salary to Chong Ket Pen alone, and total on surface RM40 million taken by Chong Ket Pen in pay packages and dividends, the speed and quantum of Protasco Bhd cash being vanished is devastating.

Since year 2014, Protasco Bhd had done extensive public relation and investor relation promoting good prospect of the company. However, the actual results speaks other wise. Here is the key segmental analysis as per Q2'17 quarterly report:

Good article to share.

http://klse.i3investor.com/m/blog/Crocsandtigers/131068.jsp

25 August 2017 - Protasco Bhd under Group managing Director Chong Ket Pen leadership, saw the cash flow worsen from Q1'17 to Q2'17, with cash and cash equivalent drop from RM280 million to just RM6 million as of 30 June 2017. Except the jaw dropping self written 400% increase of RM4 million yearly salary to Chong Ket Pen alone, and total on surface RM40 million taken by Chong Ket Pen in pay packages and dividends, the speed and quantum of Protasco Bhd cash being vanished is devastating.

Since year 2014, Protasco Bhd had done extensive public relation and investor relation promoting good prospect of the company. However, the actual results speaks other wise. Here is the key segmental analysis as per Q2'17 quarterly report:

1. Lost of JKR contracts in massive way. The gross profit margin had dropped significantly for JKR related contracts, which shows the end of Protasco Bhd source of cash flow from JKR concessions. The complicated business arrangement of JKR contracts between Protasco and sub contractors had seen significant drop of margin, which means money are are paid out more to out side of Protasco. Such detail was explained in Protasco quarterly reports in between the lines.

2. PPA1M 1st project hiccup. The JKR concessions are the main collateral for UOB bank for the low cost bank financing for PPA1M project. However, the fast delivery of the project came with potential high cost on dispute and variation, which may affect the profit margin as well as repayment schedule. In other words, Protasco Q2 report had confirmed such incident. Because of UOB bank policies and risk assessment, Protasco announced that PPA1M phase 2 was delayed.

3. Property Division enjoyed a good ride on Malaysia property bull market during year 2013-2014. The division is lead by Protasco Group Managing Director son, Dato' Chong Ther Nen. The last 6 quarters had seen no progress nor any major project launches. Investors do not expect any contribution from this segment anytime sooner.

4. Special construction project awards. Malaysia economy is not as strong as many have anticipated. With more project bidders than the project availability itself, the lobby cost and business cost would be challenging, even if successfully obtained contract.

5. Dividend as an ecstasy pill to investors. Protasco dividend policy as of to date, looks more beneficial to selective controlling shareholders. Namely Chong Ket Pen, the Group Managing Director. The strategy for Chong is simple - as long as he holds controlling stake and solely control Protasco Bhd, what he wants is just cash from dividend, regardless if Protasco has to bare high interest cost, or even lack of cash. The dividends paid from "borrowed money from bank" went on from year 2014 to Q1'2017, and dried up Protasco cash from RM280 million in year 2014 to "cash and cash equivalent" of RM6 million left as of 30 June 2017.

6. Public looting pay packages loop hole un regulated? Chong Ket Pen personal salary sky rocket 400% to RM4million in just 3 years, at time when Protasco suffered huge drop in Profit and cash flow is devastating. Shareholders not only felt cheated, but being robbed and raped openly. To cover up Chong Ket Pen real motive and objective when he manufactured a blame to get rid of Protasco new substantial shareholders Ooi & Tey in year 2014, in just 3 years time, Chong Ket Pen had raised director fees & benefits to over RM10 million per year. The mouths were covered with shareholders money, a perfect organised public looting team had since milked Protasco cash & cash equivalent from RM280 million in 2013 to just RM6 million in Q2'2017. Investors need not look far to compare Protasco performance vs management pay packages with other mid size construction companies. Together with dividends, Chong Ket Pen had drawn RM40 million for himself in just few years he took full control of protasco, not bad for a public servant. As for authorities which was cheated to catch the shadows and did not saw the big elephant inside Protasco, small investors would just accept the fact that the relevant authorities are just salaried officers, don't put too much hope on looking from bird view nor understand the tricks of the criminal masters.

7. Legal obligations a disastrous time bomb. The high profile substantial shareholder of Protasco, one Chong Ket Pen, was known by market as the man who bites the hand who feeds. Chong lost his controlling power in June 2012 despite his symbolic promotion to Group Managing Director which was actually out numbered. All a sudden, Chong managed to induce and convince 2 investors Ooi and Tey to buy over Protasco substantial shares and instill Chong's power back to Protasco. Chong not only did not honor his deals, he fabricated a blame on the two to facilitate his objective to solely control of Protasco. ...

CkpStolen HadenanJail HadenanJail Up there. Who cares if chong ket pen cheater, liar and criminal? He is freeman to wash his hands and polish his name, nobody cares either. Even if he goes to jail, nobody cares. Before he goes in makes sure pays dividend and buy up share price. That we care.
31/07/2017 08:43

Chong ket pen will keep on buying and keep giving dividend. Stolen power means all money also illegal. Before he goes in, he will buy up share price, so no worries.
05/09/2017 09:34

CKP coming. Let him buys up share price we all wait and sell to him higher. Exit before he eats until vomid and die heart attack lor.
08/09/2017 14:36

CKP ate a lot already, now is time he buys up share price. Wait for good news.

HadenanJail HadenanJail Up there. Who cares if chong ket pen cheater, liar and criminal? He is freeman to wash his hands and polish his name, nobody cares either. Even if he goes to jail, nobody cares. Before he goes in makes sure pays dividend and buy up share price. That we care.
31/07/2017 08:43

Chong ket pen will keep on buying and keep giving dividend. Stolen power means all money also illegal. Before he goes in, he will buy up share price, so no worries.
05/09/2017 09:34

CKP coming. Let him buys up share price we all wait and sell to him higher. Exit before he eats until vomid and die heart attack lor.

By the way, dividend dry out already. Protasco 400mil market company don't even have 6m cash left. CKP was sitting on 280m cash when he stolen protasco control in year 2014. Cham. Not only Malaysian money from JKR taken, now people savings from EPF also sink into CKP lies. Worst corporate scam ever. When shall bank negara confiscate and arrest CKP immediately before he went missing?

Why Melacca keep revising down target? Lost very cam meh? Copy and paste 11x p/e again and again. Market like this p/e 5x also hard to promise. Maybe 0.20 also hard to maintain if Election went crazy.

UOB bank calling back all bank loan, PPA1M 1 also not collected back, PPA1M 2 with UOB chicken out, how to proceed? CKP keep "taking money out", from sub contractor and borrow short term to pay himself dividend, EPF maybe c2pid, UOB is not fool.

No wonder.

Ask Protasco Bhd meteoric rise substantial shareholder how to make RM120m in 4 years. Secret leaked!

Who is Chong Ket Pen in Protasco Bhd?

Chong Ket Pen was removed from his job position in Protasco by Protasco former owner on 25 June, 2012. (source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1322197).

According to Bursa Malaysia, as of 29 June, 2012, Chong has shareholding of direct - 45,190,142 shares, and Indirect - 764,000 shares (held by spouse and children), or 15.23% shares on Protasco Bhd. Share price (adjusted) was RM0.75, and Chong's share holding would be worth RM34,465,606.50 as of the date of his fall out. Chong would have walked away with a handsome pay check despite his civil servant background. However, the issue of ethic and moral in taking part of the potential ill-gotten money, originated from skimming the government contracts have raised red flag when it comes to Protasco's core business. Chong cannot get away with his finger print everywhere.

" One acted as the driver of a bank robbery and got paid RM34 million bill doesn't mean he could excuse himself. Knowingly and delivered the packages to facilitate a crime, is still a criminal." comments senior investigator.

As for the investors and shareholders, including Protasco former owners since inception, how Chong did it they are not part of the fishy operation since Chong is the executive director carrying out the job. They neither involve in Chong's taxi driving operation and what ever questionable methods Chong covered up, be it illegal diesel or pirated lubricant, all the potential dirty deed only Chong would know. Chong did it all by himself. He has to cover it up. Chong was desperate. What better excuse than to use this as bargain tool, confuse the market of failed deal while Chong pocket Protasco and keep the secret and the money all by himself? An idea, hell breaks, devil speaks.

https://klse.i3investor.com/m/blog/financialnewsleak/111475.jsp

Chong Ket Pen. Was 15% shareholder. Year 2014-2017 3 years RM100 mil, and 25% protasco shares, that translate to Rm33millions and gets 3.3% a year, wow not bad for a family's wealth.

in real term Dato Sri Chong Ket Pen was earning Rm3 millions a month, plus perks and other kick backs
as a Group Money Director, better than PM. Now do we still wonder why he would do all crime to demonise Ooi Kock Aun and Tey Por Yee to glue his butt on Protasco. DS Najib would better bury him and all his lagecies before he could make another RM100 millions out of 30millions Malaysian.

Cheers: if the 100 millions accumulated by Chong Ket Pen is haram money, acquired thru stealing of public funds, we leave it to God almighty as none shall escapes His punishments. Let them enjoy while they still can.