CWC use our money to buy other counter. We are GAMED OVER!!!

those that who claimed limit up today, i hope its purely joke.
KARMA may land on your family and loved one for your bad intention..

Wat suprise? Cwc go out spread rumours agn to trap frens and family? Nothin new la. Shame to his dad

jack mak, confirm up? this time CWC got invite LCW again mou??? this time CWC said limit up how many time?

too heavy to move up . after being EXPOSED by THE EDGES .

airasia and astro is good

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge

Dato keep so many dogs..

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge
Some dogs are here to con u

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge
Don't be fooled by some SS hole here.

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge

dont listen to keyboard warrior. Trust the EDGE.

ASTUTE market observers would have noticed on the local bourse a group of individuals, supposedly acting in concert, who have amassed shares in more than 20 publicly traded companies. These companies — linked via shareholding and directorships — are often on the most actively traded list, with huge, fluctuating share prices.

“It (the companies) is all linked to the same person; usually, the most actively traded list on a daily basis involves these counters,” one source says when asked which are the companies that are linked.

However, research by The Edge (see chart on the 21 companies) indicates that while other businessmen have surfaced, the individual said to be in control of the group of companies is not officially onboard or present as a shareholder.

“This [his not surfacing] could be due to several issues,” another source adds.

It is also telling that nine of the 21 companies mentioned — AT Systemization Bhd, MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd and NetX Holdings Bhd — have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya. On its website, Lambo Group Bhd states that its address is at Menara Lien Hoe, even though the address in its annual report is in Old Klang Road in Kuala Lumpur.

In 2006, Lien Hoe Corp Bhd sold Lien Hoe Tower Sdn Bhd, which owns Menara Lien Hoe, to privately held E-Globalfocus Sdn Bhd for RM1 and the assumption of RM43 million in debts.



Meanwhile, E-Globalfocus was 68%-controlled by Cubes Innovative Sdn Bhd, a company 99%-controlled by Chuah Hock Soon. Chuah and businessman Datuk Kenneth Vun @ Vun Yun Lun were charged with four others in July 2014 for allegedly manipulating DVM Technology Bhd shares in March 2006.

Vun has had several issues with the Securities Commission Malaysia and, in 2009, had to restitute RM2.496 million — being the amount of company funds that he had caused to be misused for his personal benefit, according to the regulator — to his then flagship FTEC Resources Bhd.

Since FTEC — which morphed into Tecasia Bhd and later Mangotone Bhd — was delisted, Vun has had little direct presence in the market. However, Vun’s two sisters, Carol Vun On Nei and Grace Vun Siaw Nei, hold stakes of 3.64% and 0.67% respectively in Xidelang Holdings Ltd.



Fragmented shareholding
While Fintec Global seems to be a prominent company at the centre of the maze, its shareholding is fragmented, with several blocks of shares parked under Sanston Financial Group Ltd. In several of the 21 companies on the list, Sanston Financial is present in the shareholding list.

Other companies that surface as shareholders in these list of companies include Global Prime Partners Ltd and Cita Realiti Sdn Bhd, a private company wholly-owned by one Kamarudin Khalil.

Other shareholders, albeit usually holding small stakes, among the 21 companies include Datuk Jacky Pang Chow Huat — who, apart from a 11.84% stake in Sanichi Technology Bhd — has small stakes in DGB Asia Bhd, Focus Dynamics, MNC Wireless Bhd and Xidelang. Pang is also a director in Sanichi Technology.

Meanwhile, businessman Mak Siew Wei has 23.4% in AT Systemization, 17.07% in Green Ocean Corp Bhd and small stakes in Focus Dynamics and Xidelang. He is also a director at AT Systemization, Green Ocean and Saudee Group Bhd.



Datuk Eddie Chai Woon Chet recently acquired a 62.37% stake in restaurant operator Oversea Enterprise Bhd, and has a 6.71% shareholding in Anzo Holdings Bhd, where he is managing director and has a board position in M3Technologies (Asia). Another name frequently seen is Datuk Kua Khai Shyuan, who, besides a 5.9% stake in mTouche Technology, has small shareholdings in Focus Dynamics, PDZ Holdings Bhd and Sanichi Technology, and has board seats on Trive Property Bhd, DGB Asia and MNC Wireless.

Former Umno treasurer and former Bank Simpanan Nasional Bhd chairman Datuk Abdul Azim Mohd Zabidi surfaces as a director in four of the companies — Fintec Global, DGB Asia, Anzo and XOX.

Most of the companies are loss-making and small in terms of market capitalisation, with the exception of Focus Dynamics, which has a market value exceeding RM5 billion. Nevertheless, Focus Dynamics, which is involved in operating food and beverage outlets, seems to be the star performer, with its stock price hitting a multiple-year high of RM2.64 recently on Sept 17, despite mustering a meagre RM3.08 million in net profit from RM20.72 million in revenue for its six months ended June this year.

Year to date, Focus Dynamics stock has gained about 400%.



Irrational exuberance
Trading volume on most of the 21 companies is generally high, and many have shown unexplainable strong gains over the past few months.

For instance, Saudee’s stock hit a low of eight sen on March 17, and picked up momentum in June to hit a 52-week high of 67 sen on Aug 13, gain

dato wanna fry oversea... time to sapu oversea..
when dato wanna fry my bubble tea?

dont touch sos anymore la. all the buddies already banned the boss. he tricked all of us. he is really sinkalan one. telling everyone including those waitress at japanese restaurant to get sos. even told his hairstylist.

Issu share again..

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge

why xox didnt take legal action???

my best friend want to scam people again. Please stay away ya...

Those who spread fake news don't scare karma one meh? Some old aunties really used coffin money to buy and got trapped esp during such stressful situation. May karma fall on your family member. Same goes to those sharks

oversea is another joke. told us that will go up. then now suddenly stuck. tats y u see him always eat alone or eat with ah moi. no more friends wanna stay near him

anjing sudah keluar menyalak untuk sos. Dont listen to rumours for trading.

Dato got alot of dogs barking how good sos is.

Daytona u are right. He is someone who betrayed friends and families for money. I ididnt invite him to my birthday party this year
. Alot of us already tulan with him and got scammed by him

CUT LOST and dont dont be a fool to listen to fairy tales. Can betrayed own families and friends for profit. This kind of people got no INTERGRITY

candy b complex pun ada QR code.. lol

dato cwc bring all of us to holland. wanna eat our bones as well

dont touch this counter anymore. if its a genuine counter, already suing the edges. cwc is good at eating up frens and families money....

luckily i sold all. if not my business all gone. useless punya kawan. told everyone will limit up. lots people are trapped. dont believe in this cwc anymore ya