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14 December 2016, Penang, Malaysia. Electronic manufacturing company MQ Technology Bhd (MQ TECH) today announced the company confirmed mis leading article published on The Star titled "MQTECH DISCUSSING CASINO PLAN WITH NAGACORP" appearing in The Star, StarBiz Section, Page 4, Wednesday, 14 December 2016, in particular the sentences as reproduced “Ace Market-listed MQ Technology Bhd (MQTech) is in talks with gaming giant NagaCorp Ltd over plans to build a casino in its new integrated resort and entertainment project in Cambodia.”

MQ TECH on market closing clarified "We wish to inform that we are not in talks with gaming giant NagaCorp Ltd over plans to build a casino in its new integrated resort and entertainment project in Cambodia."

The article has seriously confused investors, in line with MQ TECH share volume and price increase, a clear market manipulation. More serious issue arise when the monopoly of Cambodia gaming industry within certain area have disturbed and made fool of investors and stakeholders of the NAGACORP, many believed linked to tribes and clans business interest in South East Asia, especially Malaysia.

Such dispute also raise questions about Cambodia sovereign credibility issues, which awarded NAGACORP monopoly status, as well as the validity of the news involving another Cambodia company which legally impossible to obtain any gaming or casino license on the specified area.

The Executive Director of MQ Technology Bhd, Teh Eng Huat, has also resigned suddenly. Teh Eng Huat was among the few shareholders subscribed to MQ Technology Bhd Right Issues recently, with well undersubscription, resulted in majority close to 75% of the MQTech shares held under less than 5 persons name, potentially breached mandatory general offer, or take over code.

MQ Technology Bhd plunge 31%, warrant crash 58.33% in a single day. Bursa Malaysia have not issue any Unusual Market Activity (UMA).

Market is worry about serious share speculation and news manipulation similar to the CIMB Investment Research probe. On 1 December 2016, according to The Star (the same newspaper who published above mis leading information) titled "SC and (CIMB) bank probe Vivocom research report, analyst relieved of duties". Market is concerned if Bursa Malaysia will take further action and give the general public clearer answers.

Flash News Alert ！！！