Goodkiller, that won't happen in billion years mah...because they always do thing right, legally and ethically...while TPY and OKA? Not even their directors and lawyers believe them....it should be count as something LOL...

@BJ corp...aioo...you are so misinformed...there is no court order because the court has not decide on TPY and OKA's injunction application. That's why this morning Protasco's lawyer will challenge the ex parte petition and they will succeed in setting aside the application because the original drafter of the petition (Gideon Tan, the ex lawyer) is not present to argue his petition. The one that will defend the petition is a newbie, greenhorn and not that good young lawyer.

The rest....be careful mah....you are slandering people without facts and you will go to jail if Protasco lodge police report against you.

Why you should sell your nexgram's share:

1. Their directors don't believe them.
2. Their lawyers don't believe them.
3. RM 90million worth of hole in the financial report.
4. TPY and OKA will get the boot from Protasco today.
5. TPY will get the boot from MP Corp as earliest as next year.
6. Nexgram don't have any assets.
7. Nexgram financial condition is in dire state.
8. All nexgram projects is hoax or dead.
9. TPY and OKA is soon to be charged with criminal offense in three jurisdictions: Malaysia, Indon, BVI.
10. Nexgram's share will fall into 0,01 soon enough.

BJCorp....aio....yesterday I'm a lawyer, now I'm chong's son...make up you mind mah...

Actually, the vote to postpone till 3pm and TPY's injunction shows one facts: Dato Chong has successfully secured the voters to side with him. TPY and OKA understand this and that is the reason they retorts to challenging the technicality of the EGMs rather than face the music...

Sing will only be rewarded with despair and agony....I'm so sad that someone willingly burn their money like that.

Poor souls.....I would be sad when all of you lose your money because nexgram reach 0,01.

Tey Por Yee and Ooi Kock Aun should remember: in the end, you have to leave everything behind because there are no pockets in kainn kapan (funeral shrouds).

That would only possible if TPY return Protasco's money.

A classic case of: telan mati mak, luah mati bapak. LOL

A classic case of: telan mati mak, luah mati bapak. LOL

Losing Gideon Tan is the worst blunder that would sealed their fate. Look what turmoil caused by Gideon's two EGMs and injunction? And the new lawyer could only come up with "walk away" from the EGM? LOL

TPY and OKA will not cast their vote today....so what's good that 21% + 1,6% shares? LOL

If they cast vote then the acknowledged the legality of yesterday's vote. If the didn't vote then their fate is signed, sealed and delivered.

PROTASCO Bhd’s boardroom battle escalated when Tey Por Yee and Ooi Kock Aun blocked the construction firm’s bid to remove them as directors at its extraordinary general meeting (EGM) yesterday.

An injunction filed before the scheduled EGM prompted Protasco chairman Tan Sri Hadenan A. Jalil to adjourn the morning meeting to the afternoon, and later called for a vote to postpone it. Shareholders subsequently voted to postpone the meeting to 3pm today.

Tey’s lawyers had served the injunction against the company, executive vice-chairman and group managing director Datuk Seri Chong Ket Pen and director Tan Heng Kui.

The injunction, filed at the Kuala Lumpur High Court, was to prevent Chong, who owns 22.4 per cent of Protasco, and Heng Kui, who owns 1.7 per cent, from voting on the resolution to remove the duo.

“The company’s lawyers will seek to set aside the injunction at 9am (on Thursday),” said another director, Tan Yee Boon, after the six-hour meeting yesterday.

However, he declined to speculate on the company’s next move should it fail to dismiss the injunction.

Tey and Ooi, meanwhile, walked out of the EGM before the vote on the adjournment was cast.

They claimed that the adjournment was “illegal” as it contravened with the company’s Articles of Association.

“We were advised by our lawyers to walk out because of the illegality of the meeting and there was no point in proceeding,” Tey said on the sidelines of the EGM.

Yee Boon defended Hadenan’s decision to adjourn the meeting, saying that shareholders did not say anything when consulted.

Meanwhile, UOBM Nominees (Tempatan) shareholder representative David Thomas Mathews said the EGM would make no sense if the substantial shareholders were not allowed to vote.

Chong and Heng Kui had requisitioned yesterday’s EGM for shareholders to vote on the resolution to remove Tey and Ooi.

In return, Tey and Ooi had requisitioned another EGM tomorrow to oust Chong from the board.

The face-off between Tey-Ooi and Chong- Protasco stemmed from a failed deal in Indonesia.

Protasco had in September filed a suit against Indonesia’s oil and gas firm PT Anglo Slavic Utama to recover US$27 million (RM90.45 million) in monies paid, and against Tey and Ooi for conspiracy to defraud, hiding their beneficial interests in PT ASU, making secret profits and breach of their fiduciary and statutory duties.

Protasco had attempted to buy a 63 per cent stake in PT Anglo Slavic Indonesia but the deal was terminated after the fraud was allegedly discovered.

In return, Tey filed a derivative action against six board members of RS Maha Niaga Sdn Bhd, including Chong, to recover RM10 million for Protasco.

Aio.....the coward Tey Por Yee, Ooi Kock Aun and their not too smart lawyer. Their actions yesterday means that they couldn't cast vote today and they have 17% + 1,6% worth of Protasco shares because if they did then they will also acknowledged the legality of yesterday's vote, which they said was illegal. LOL LOL

PROTASCO Bhd’s boardroom battle escalated when Tey Por Yee and Ooi Kock Aun blocked the construction firm’s bid to remove them as directors at its extraordinary general meeting (EGM) yesterday.

An injunction filed before the scheduled EGM prompted Protasco chairman Tan Sri Hadenan A. Jalil to adjourn the morning meeting to the afternoon, and later called for a vote to postpone it. Shareholders subsequently voted to postpone the meeting to 3pm today.

Tey’s lawyers had served the injunction against the company, executive vice-chairman and group managing director Datuk Seri Chong Ket Pen and director Tan Heng Kui.

The injunction, filed at the Kuala Lumpur High Court, was to prevent Chong, who owns 22.4 per cent of Protasco, and Heng Kui, who owns 1.7 per cent, from voting on the resolution to remove the duo.

“The company’s lawyers will seek to set aside the injunction at 9am (on Thursday),” said another director, Tan Yee Boon, after the six-hour meeting yesterday.

However, he declined to speculate on the company’s next move should it fail to dismiss the injunction.

Tey and Ooi, meanwhile, walked out of the EGM before the vote on the adjournment was cast.

They claimed that the adjournment was “illegal” as it contravened with the company’s Articles of Association.

“We were advised by our lawyers to walk out because of the illegality of the meeting and there was no point in proceeding,” Tey said on the sidelines of the EGM.

Yee Boon defended Hadenan’s decision to adjourn the meeting, saying that shareholders did not say anything when consulted.

Meanwhile, UOBM Nominees (Tempatan) shareholder representative David Thomas Mathews said the EGM would make no sense if the substantial shareholders were not allowed to vote.

Chong and Heng Kui had requisitioned yesterday’s EGM for shareholders to vote on the resolution to remove Tey and Ooi.

In return, Tey and Ooi had requisitioned another EGM tomorrow to oust Chong from the board.

The face-off between Tey-Ooi and Chong- Protasco stemmed from a failed deal in Indonesia.

Protasco had in September filed a suit against Indonesia’s oil and gas firm PT Anglo Slavic Utama to recover US$27 million (RM90.45 million) in monies paid, and against Tey and Ooi for conspiracy to defraud, hiding their beneficial interests in PT ASU, making secret profits and breach of their fiduciary and statutory duties.

Protasco had attempted to buy a 63 per cent stake in PT Anglo Slavic Indonesia but the deal was terminated after the fraud was allegedly discovered.

In return, Tey filed a derivative action against six board members of RS Maha Niaga Sdn Bhd, including Chong, to recover RM10 million for Protasco.

It is a certainty that TPY and OKA will get the boot today, if not they will not resort to trickery and the injunction. If that's happening, then the 0,01 price as predicted will also happens. Don't come to me and say I didn't warn you.

@Sing, not win mah...you still have other 56% undecided vote, which TPY and OKA managed to pissed off yesterday.

I'm the ghost of karma sent by the universe to save you all LOL LOL..

I am back...do you miss me?

It is confirmed, tomorrow TPY and OKA will get the boot. On friday their EGMs will blew in their face badly.

Nexgram? Early next year it overpriced and overvalued share will finally reach it actual value: 0,01.

Before the first quarter the SC will start their investigation on TPY, OKA and nexgram. The SC already make initial contact with the BVI and Indon's authorities.

@marina...I don't know chong but I can arrange meeting with Tey..just email him at larry@risingrich.com

@antz, aio, aiyo, potato, potatoh, tomato, tomahto mah....silly boy...aio....

@antz, aio...you are so uneducated mah...I'm talking english and the proper grammar is use coma instead of full stop...

Tey Por Yee and his magical arms length deal with Protasco
As the countdown to next week’s Protasco EGM continues, here are some interesting points to ponder for shareholders who may want to consider why Tey Por Yee should be kicked out from Protasco’s board.

Actually all those who have dealings with the Tey Por Yee syndicate and also the public at large should take note of this cautionary tale.

Just to go back a little Tey Por Yee had in 2012 brought to the attention of Protasco a deal to invest in an oil and gas venture in Indonesian concern PT Anglo Slavic Indonesia (PT ASI).

As part of the deal some RM50 million was paid upfront, and as collateral shares in a seemingly unrelated Indonesian company PT Inovisi was pledged as collateral to Protasco.

It should be noted that all this while the Protasco board (the innocent members of the board that is) thought they were dealing with Indonesian companies and businessmen.

Tey Por Yee was allegedly arms length away from the deal. His only interest or so he was to lead the board to believe was with Protasco benefiting from the deal.

Now back to the PT Inovisi shares pledged for the deal. These shares were in the name of Acclaim Investments, a company registered in the BVI with a paid up capital of US$100.

It has now emerged that Acclaim Investments was set up in 2009 with just two shareholders. Guess who? Tey Por Yee with 85 shares and his sidekick Ooi Kok Aun with 15 shares.

(As for February 6, 2014 these two men now no longer own any shares in Acclaim. It is now 100 per cent held by one Lim Sue Fern)

Plus the fact that Tey Por Yee and Ooi Kok Aun also own or have beneficial interests in the various companies with interests in the PT Slavic deal one can now see this tangled web that the two men spun to entangle Protasco and ultimately receive US$27 million in a deal which has just fallen apart.

So not bad lah this magician. He has got the US$27 million, Protasco has lost the money and there’s no deal on the table any more.

You can draw your own conclusion as to who got cheated and who was the victim of what can only be called a giant scam.

So who do you think you would vote out of Protasco’s board?

Marina, you ate too much hamburger and now infected with mad cow disease eh?

@marina...you poor hamburger soul....you are not going to have mental break down right?

@antz, I assume you already held a farewell party to your money right?

@bj...no mah....Ooi Kock Aun already tried that route and the SC ignores him because the SC knows who is Dato Chong and who is Tey Por Yee and Ooi Kock Aun....even Indon SC now targeting their company and these two crooks....

See you all...I will safeguarding this place while you are away...

@86, no problem mah...up, down is a normal cycle.....what's not normal is RM 90mil in nexgram's financial report.

@antz, you're couldn't be more wrong because nexgram is highly connected with the scheme used by TPY and OKA to deceived protasco. You think nexgram will be safe? Dream on.

That nexgram mah...wait, I forgot....nexgram rarely pay dividend LOL..

@connect, I'll answer on behalf of nextgramites:

- dividend? What is dividend?

- business? Grow inside TPY's pocket, not the minorities shareholders.

@newbie, a good karma warrants such action mah..

@joe, don't worry...am handling them just fine...

@banana, it will only goes down till it reach 0,01.

Replacing Gideon Tan with Raj, Ong & Yudistra sealed TPY and OKA's fate. Gideon is one of the best commercial litigation lawyers in Malaysia and Singapore. He is very smart, keen, ruthless and always cast fear in the heart of opposing counsel. On contrary, ROY, in particular Ong Yu Jian as the handling partner is a newbie, unexperience and not a good commercial litigation lawyer.

It begs the question, why TPY and OKA switch their attack dog, a giant rottweiler with a mini poodle? Because the rott think his master is a not a good person and run away but the scheduled pit fight is two days away. What to do? Go to the nearest pet shop where only a poddle available.

Replacing Gideon Tan with Raj, Ong & Yudistra sealed TPY and OKA's fate. Gideon is one of the best commercial litigation lawyers in Malaysia and Singapore. He is very smart, keen, ruthless and always cast fear in the heart of opposing counsel. On contrary, ROY, in particular Ong Yu Jian as the handling partner is a newbie, unexperience and not a good commercial litigation lawyer.

It begs the question, why TPY and OKA switch their attack dog, a giant rottweiler with a mini poodle? Because the rott think his master is a not a good person and run away but the scheduled pit fight is two days away. What to do? Go to the nearest pet shop where only a poddle available.

@bing, since I don't have evidence to the contrary then I have to believe you mah...

@antz, you want to merge your healthy cell with your cancerous cell? Because nexgram is cancer and protasco is healthy.

@antz, if that is the case then you will know the buyer's identity. But you don't, which mean the buyer is not legit and TPY-OKA don't receive fresh money from the transaction.

@antz, nope, I have RM 20,000 worth of protasco's share

@chue, nope, they sell to hide their asset.

Nexgram is sinking, so not before...it now happening.

Gya, don't worry because it will touch 0,01 in the near future.

@bing, email me to larry@risingrich.com and I will tell you.

Yes, the universe still owes me 1billion worth of good karma.

@marina, thank you, I also care for you, that's why I don't want you lose your burger money.

Cannot leave before I save all of you from the sinking ship known as nexgram.

@antz, protasco is not nexgram mah...all the traits have nexgram all over it...

Bing, you want to reveal fact on protasco? Be my guest...

Of course not...it's mean they suffered loss but still have profit left to pay dividend. When last time nexgram pay dividend? LOL

@antz...don't care....the guy at protasco can fight for themselves.

You want up? Cannot mah...nexgram only will go down...

Maria that's where the minorities plays an important role. Why they would like to discharge chong if they hate chong's adversaries for wasting their time? They would be happy to vote for chong and kick tey-ooi till the kingdom come. See what a huge mistake by that foolish strategist by filing injunction today?

About the minority shareholders...u cannot think for yourself eh?...tey + ooi owns 19% of protasco shares....recently he bought shares up to 5%...so that make their combine share more or less 25%. Dato Chong's + Tan shares is 30%. They bought up to 10% recently...make their total shares of 40%, meaning they only requires additional 11% to kick TPY and OKA. Therefore every vote is count and when you irritates voters, it would only make them happily votes against you for the sake of it. Understand?

The apprentice? LOL

TPY is like omarossa...a good showmanship, bad businessman and deserved to be fired.

Of course not, until the second egms the transaction will low.

@86, marina...TPY is a strategist, let there no doubt about that....but a very bad one. For example his actions today only successfully creates animosity toward them from the minorities shareholders because they think TPY trying to waste their time. As such, instead of saving him the injunction application will only hasten their downfall.

Protasco's loss? No big deal...still paying dividend with real money.....now, when the last time your profitable nexgram pay dividend? LOL

What do you expect from a gay lord and an indon maid lover? LOL