Maybe this might have escape your memory. KYY once pledged RM30,000,000 to MCA for UTAR foundation. However, MCA turned down the offer as KYY came up with a few proposals which MCA could not accept. RM30,000,000 donation coming from him equals to the amount loss in Xingquan?

Nonetheless I must say that KYY maintains close communication with Dato Wu and he is pressing them hard for dividends. All shareholders of Xingquan must attend the AGM on 29/12/2014 and vent your frustrations on Xingquan for failure to produce dividends.

Dear Murali,

Mr. Koon retired from Mudajaya in 1985. He went into stock picking right after his operation in England. He made a big kill when the news that Hong Kong will be reverted to China broke out. He bought a lot of shares at 70 to 80% discount when many foreign funds were leaving HK market immediately upon the news was announced. Mr. Koon even took over a stockbroking house in HK at that time. He made even more after Tiannamen Square incident.

He has a very good friend, Dato Yap Lin Sen who invests along with him.

His losses in Xingquan, JTiasa, R. Sawit and Mudajaya are small beers compared to the amount they made through Coastal, Supermax, TDM, Sarawak Oil Palm and a few other counters.

I read a comment once in this blog that KYY are market movers and has wealth of up to RM500,000,000. I must say that commentator has probably based his comment on factual analysis.

h