On 11 february 2014... I posted about the evil of this con counter... still no comment.... and still around same price ... con counter

the kembar , benalec has higher TP...but this sendai has very low margin TP..stupid

jc striker pun sama macam diaorang lah anbz...sini banyak org kembar

technically...just that by rhb...but that was for 2-3 days ago...seems it didn't go down more

jadi sells inks...it cannot cope with new technologies and bigger competitors...moreover selling price and cost efficiency ...thumbs down

Intermediate-Term Bearish
Technical Event® Alerts at Close of Business 10 March 2014 by rhbinvest:

TP 1.18 to 1.22

bomoh? what does the bomoh said? is this real? am hoping so. Which bomoh? is he Mumm-ra...? mr lionel huh?

tomorrow may touch 30 cents...mas is in everybody's head nowdays...nasib baik gua tak sakit jantung ini hari :)

madam...buy high..sell high also works what

hold ..because...price now is resistance price...if it breaks 11 cents...then u can ask me again...hahaha

i will not sell my mas shares...if it crashes tomorrow...i will die with mas...haha...25 cents quite cheap already...but already ...can be undone...haha...now mas is the most popular stock in bskl...just pray

ibrahim ali? what's the story mr john?

what about italian and austrian passports impostors...they don't look like uighurs hah?

only one jet crashed..monday must be some contra kaki selling ...but i don't think it will break 24 cents easily...and if it cannot break 24 cents...it may be goreng... hopefully

usually when people think a stock will drop, the opposite happens...like gpacket before

i agree with u steelheart, it's been shot or bombed, vietnam's military may hid valuable info

no buffet...just a drama...a promotion

more reason for privatization...TP RM 5

limit down? now 25 cents...how to limit down? negative 5 cents? kasi free lah

PAC will not investigate Malaysia Airlines
CIMB Daybreak - 05 March 2014

The Public Accounts Committee (PAC) will not be investigating the RM1.17bn losses suffered by Malaysia Airlines (MAS), said PAC chairman, Datuk Nur Jazlan Mohamed. Nur Jazlan, who believed that the losses were due to poor management, said the national carrier's board of directors and its majority shareholder, Khazanah Nasional Bhd, should be answerable to the public. "The losses should not happen as the airline is run by highly paid world-class professionals, has a great board of directors with vast knowledge of the industry and is backed by Khazanah," he said. Speaking to reporters after chairing the PAC meeting here yesterday, Nur Jazlan said: "They need to explain why they have failed to come up with a rescue plan as it is costing the government heavily with bailouts." He questioned why MAS has a difficulty to be turned around. (BT)

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a very good news ...mas will be back to 33 cents !!!

after privitisation....no more loop sided contracts, and the union can go to hell because the staffs are too abundance ...many will be fired...exceeding the optimum requirement

but who cares? what matter is ...we will make profit...but need a very very big consortium to buy mas

very cheap

the latest result for quarterly is bad compared to preceeding year

revenue fell from 168m to 86m....almost halved

eps fell from 3.32 cents to 0.64 cent

latest 1st quarter revenue decreased by RM7m, and eps only 0.64 cent ..price now RM 1.54

this should be extreme downgrade ...free fall...even at its entered price after taking over vastalux..at 65 cents...yeah 2nd ipo through back door

i mean it's not worth even 65 cents...just my 2 cents

now people will realise the MOST PROBABLE REASON (though some may argue with other reasons) for the backdoor listing .

runnnnnnnnnnnnnnnnnnnnnnnnnnn!!!!!

naik suka ..turun pun suka wo ini kaunter :) tak payah beli banyak beli 100k units pun cukup kalau takut...with brokerage fee only 0.05% minimum only RM8 hahaha...not 0.42% or 0.21% or 0.61% or 0.12%

Posted by musang_foxking > Feb 7, 2014 12:55 PM | Report Abuse X

u can play this at least twice every month...buy 12 to 13 cents ...sell 13 to 14.5 cents...better profit than most counter
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i told u so...now 13.5...few days ago even some got 12 cents all within 11 days including holiday...from 7 feb

it will not work anymore if it breaks 14.5 cents

24.2m shares traded on friday 14th feb 2014

this is australia stock exchange...

don't know 24.2m times 100 or 1000 or simply just 1

this Alcyone is a goreng stock in australia...haha at now at the lowest possible price AUS$ 0.001 !!!!

so what price should notionvtech with 19.9% shareholding?
Recall that from a blog here

Notion VTec - Buying into a silver producer
Author: kltrader | Publish date: Mon, 7 Oct 11:07

Notion VTec announced that it had subscribed for 975m shares in Alcyone Resources Ltd (listed on the Australian Stock Exchange) at an issue price of A$0.005/share for a total consideration of A$4.875m (RM14.7m). Upon completion of the issue (expected by mid-Nov 2013), Notion VTec would own an associate stake of 19.9% in Alcyone Resources Ltd. Alcyone Resources have also agreed to issue Notion 487.5m options (for free) with an exercise price of A$0.01, which if exercised would result in a total 27.1% equity stake in Alcyone. The company is a pure play silver producer based in Queensland, Australia.

http://klse.i3investor.com/blogs/hwangdbs/38075.jsp

so buying this company/ ALLCONEpunya when the price was

AUS$ 0.003 in early october 2013

and just after notion bought it at A$0.005 which was 66.67% premium to market price!!!!

and now it's AUS$ 0.001

So the australian business communities are so upset and don't trust alycone more (more ...not anymore)...and it went down from 0.003 to now 0.001

and
notion was granted 487.5m options (for free) with an exercise price of AUS$0.01
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exercise price of AUS$0.01 while price now is AUS$0.001?

it's comparable to right share can be exercise by putting RM 1 while market price is just RM0.10
...so after exercise ...-only as comparison-not in AUS$ but in RM.....RM1.10 cost for people there...except notion RM 1.00 because they get this stupid right free !!! hahaha
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please notice...one is 0.001 and the other is 0.01
---
notionvtech should go to holland !!! not australia!!!

Does everyone want to know what's the price of Alcyone ....latest?

and do know that notion has 19.9% of Alcyone's shares!!!

Ready???

AUS$ 0.001 !!!!!!!!!!

hahaha here: proof/link

http://www.alcyone.com.au/investor_centre/share_price_information.phtml

AUS$ 0.001 ????!!!!

quite equivalent to PN17 stock in bskl...patimas at RM 0.005

and if patimas is patimas....

Alcyone or NotionVtech should be called matiperak or matisilver !!!

run before everybody else realises and notices the link i gave !!!

http://www.alcyone.com.au/investor_centre/share_price_information.phtml

http://www.bloomberg.com/news/2013-09-12/mistry-sees-palm-weakening-as-prices-set-for-worst-run-since-96.html

Mistry Sees Palm Weakening as Prices Set for Worst Run Since ’96

Palm oil may extend a decline as supply of the most used cooking oil from Indonesia and Malaysia climbs and biodiesel demand peaks, said Dorab Mistry, director at Godrej International Ltd., signaling a third year of losses.

A rally in futures since the end of July is over and prices will drop from now, Mistry said in remarks prepared for a conference in Singapore today, without giving a forecast. Prices rebounded 9.5 percent from a three-year low of 2,137 ringgit ($656) a metric ton in July as the spread between palm and gas oil created demand for biodiesel, he said. Mistry predicted in May a drop to 2,000 ringgit from July, citing a buildup in stockpiles during the peak-production cycle.

Futures have lost 4 percent this year, extending the combined 36 percent slump in 2011 and 2012, and a third year of losses would be the worst run since at least 1996, according to data compiled by Bloomberg. Prices of the oil used in everything from candy to detergents posted the biggest monthly gain since December 2010 in August as crude oil rallied to a two-year high and a weaker ringgit boosted exports.

“I believe the rally in CPO prices has just about run its course and will face downward pressure from here,” said Mistry, who has traded vegetable oils for more than three decades. “It would not surprise me to see new lows in vegetable oil and particularly in palm and lauric oil in early January.”

Palm for delivery in November ended the morning session at 2,340 ringgit on Bursa Malaysia Derivatives in Kuala Lumpur today. The Standard & Poor’s GSCI gauge of 24 commodities jumped to a six-month high on Aug. 28, led by a rally in crude oil, soybeans, cocoa and cotton.

Peaked Markets

“Markets look like they have peaked and that the path of least resistance will be sideways to lower,” Mistry said. “This applies to grains, oilseeds, meal as well as vegetable oils. I am flagging some uncertainties with regard to demand for edible vegetable oils in countries like India which have suffered from currency degradation.”

The weakness in currencies of emerging-market economies will act as an import tax and will be disruptive for commodities demand, Mistry said. Barring any weather disruptions, palm oil is set to trade lower on a bleaker economic outlook as the U.S. Federal Reserve may taper stimulus, he said.

Global palm stockpiles will surge 21 percent to a record 9.7 million tons by the end of 2013-2014, while demand expands 4.6 percent, the least in 12 years, the U.S. Department of Agriculture estimates.

Production in Indonesia and Malaysia is expanding as the high output season begins and trees are in a more productive biological cycle, Mistry said. The new cycle is just starting and may last at least until April, he said.

Energy Correlation
The outlook for vegetable oil prices is linked to prospects for the energy market as uncertainty in Syria may lead to a spike in crude, Mistry said. Concerns over disruptions in Middle East oil exports amid conflict in Syria has pushed Brent crude oil to four weeks of gains. Use of palm oil for fuel is expected to advance 11 percent to 6.34 million tons in 2013, according to Hamburg-based research company Oil World.

“We must consider energy demand and how competitive palm and other oils are likely to be,” Mistry said. “Palm will have to expand its discount to soya oil in order to remain competitive. Winter may cloud some of this competitiveness.”

The tropical oil clouds in cooler temperatures, which leads to consumers looking for alternatives in the winter. Soybean oil, a substitute in food and fuel uses, was at a premium of about $233.68 a ton over palm oil today, compared with an average of $301.33 in the past year.

“The only factor that can make me bullish will be adverse weather,” said Mistry. “The odds are evenly poised for a weather disturbance sometime in 2014. Without such a development, I am afraid we are looking at lower prices.”

To contact the reporter on this story: Ranjeetha Pakiam in Kuala Lumpur at rpakiam@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net
---
so all they small rallies before are just stocking at lower price...so the oil palm will tumble again!!!

http://www.bloomberg.com/news/2014-02-12/palm-imports-by-india-seen-dropping-first-time-since-october-1-.html

Palm Oil Imports by India Plunging First Time Since October

By Swansy Afonso Feb 12, 2014 7:18 PM GMT+0800

Palm oil imports by India, the world’s biggest importer, probably declined for the first time in three months as farmers prepared to collect the largest winter oilseed crop in three years, a Bloomberg survey showed.

Shipments of the main crude and refined oils tumbled 26 percent to 650,000 metric tons in January from a year earlier, according to the median of estimates from five processors and brokers compiled by Bloomberg. Total vegetable oil imports, including those for industrial use, fell 17 percent to 960,000 tons, the survey showed. The Solvent Extractors’ Association of India will release the data this week.

Reduced demand may curb a rally in palm oil futures and boost inventories in Indonesia and Malaysia, the world’s largest producers. India increased a tax on refined cooking oils last month to protect oilseed growers and refiners from a surge in imports of processed palm oil. Winter-oilseed output may reach 10.5 million tons, according to the association.

“India had imported excess palm oil before the import duty was raised and now purchases are moderating,” said Ashok Sethia, executive director at Sethia Oils Ltd., and a former president of the association. “Imports may slow further as supplies increase because farmers may be prompted to sell old inventories ahead of a good rapeseed harvest.”

Imports surged to 1.07 million tons in December, the highest since January 2013, before the tax on refined cooking oils was increased to 10 percent from 7.5 percent.

Winter Impact

Palm oil for April delivery climbed 1 percent to 2,635 ringgit ($794) a ton on the Bursa Malaysia Derivatives, the highest price at close since Jan. 3. Futures advanced 9.1 percent last year. World exports of palm oil may decline for the first time in 16 years, dropping 2.3 percent to 43.2 million tons in 2013-2014, Oil World, a Hamburg-based researcher, estimates.

“Imports also decreased because of less domestic demand during the winter season,” said Govindlal G. Patel, managing partner at G.G. Patel & Nikhil Research Co. Crude palm oil imports may total as much as 500,000 tons this month, he said.

Cooking oil stockpiles at ports and due to arrive to India probably fell 7.5 percent to about 1.47 million tons at the start of February from 1.59 million tons a month earlier, said Sandeep Bajoria, chief executive officer of Sunvin Group.

Crude soybean oil imports probably gained 55 percent to 160,000 tons in January, while sunflower oil purchases were little changed at 130,000 tons, the survey showed.

India meets more than 50 percent of its cooking oil demand through imports. Purchases may climb 4.2 percent to a record 11.1 million tons this season, including 8.3 million tons of palm, Godrej International Ltd.’s Dorab Mistry said on Nov. 29.

To contact the reporter on this story: Swansy Afonso in Mumbai at safonso2@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

latest quarter eps was miserably 0.75 cents!!!...there too many stocks with good, solid, or excellent fundamentals....just dump this too-HDD-depended stock...just wait for big writeback losses quarterly for 2 more years for part by part winding/restructuring of HDD business..they've should have done this 3 years ago..so now they pay they price...not a prudent company and always operate on the edge.

yeah they're still losing money fr silver mining...so inefficient and came new investor(notion) with zero knowledge and experience!!! better just watch this stock tumbles to 40 cents ..then that will be the right price...but still not cheap

coming result may record losses for 2 consecutive quarters, the 2 cents dividen in dec 2013 is just small bait

will hit under 70 cents!!!

if u all look at all bskl stocks...when a company recorded a quarterly losses for THE FIRST TIME...do u see them get back into the BLACK or do they CONTINUE their LOSSES in the next quarter? ask yourself and answer this yourself because u will be reluctant to hear everybody else words.

WHAT ARE U WAITING FOR...GO CHECK AND STUDY IT!!!!

where got stocks always moves up? ini harga kira ok lah dari jatuh 1.40...and now 2.07 sudah cukup tinggi rebound...kalau boleh maintain cantik...kalau break RM2...boleh mati gua ingat?

bought at 1.33 sold 1.49 ...10,000 units
then bought again 1.33 sold 1.45 ....15,000 units
lastly bought again 1.33 ....20,000 units...and now price is 0.97

shit!!!
twice untung besar boleh tahan
and now rugi besar besar tak boleh tahan :( ....still holding

86 cents? like anbz said must buy at this price...but how to buy when i'm scared and only have under RM10k?

if break 80 cents will cut loss...damn nathan!!!

http://andaman-group.blogspot.com/
continue part6

Andaman Group Is Another Con Job

Having run Meda Inc Bhd into the ground with heavy debts, cheating the public and suppliers of their money, now the owners of this notorious PLC is pouring all their energies and funds into the ANDAMAN GROUP.

SAME ROTTEN PEOPLE OPERATING UNDER ANOTHER COMPANY

I create this blog so that those people who want to know more about the ANDAMAN GROUP will be able to see for themelves their true track record here.

This blog will be linked to my WHAT YOU SHOULD KNOW ABOUT MEDA INC BHD blog so that you can read all about their notorious activities and reputation there. It's the same people doing the same dirty things under a different company.

So, if you are thinking of selling them anything, or buying any of their properties, good luck to you. I am doing you a favour by telling you all about them in the other blog so that you know what to do to avoid losing your money.

http://andaman-group.blogspot.com/
continue part5

Meda is too heavily in debt to a tune of more than RM200 million to be able to save. He will allow Meda to die a slow and painful death. Meanwhile he has formed the Andaman Group and he has grand plans for the group. He is talking about a billon dollar JV in China and more exciting projects. Then he WILL LIST the Group again. DEJA' VU?"

Wendy says:"It will be the same story all over again. Just like Kumpulan Emas (EcoFirst) before, Meda Inc Bhd now and Andaman Group in the future."Here's the news report about the RM1billion JV in China. The Andaman Group is owned and managed by the same people who ran Meda Inc Bhd to the ground and sold away Meda's assets. Now, they put all the ill-gotten funds into the RM1Billion project in China. The Directors should be taken to court for dereliction of their duties, professional negligence and possibly even conspiracy to defraud minority shareholders...

*******************************************
*******************************************
*******************************************
*******************************************
*******************************************
(PICTURE: refer to http://andaman-group.blogspot.com/)

See the 2 gentlemen on the left?
KH You, formerly COO of Salcon, which was under Kumpulan Emas, which is owned by the Teoh brothers. Second from left: Lau Hon Chung (Snr Sales n Marketing Manager from Meda, now moved over to Andaman. Same people, different companies, same owners). Photo was taken from here.

http://andaman-group.blogspot.com/
continue part4

How did ANDAMAN GROUP SDN BHD come about?
Who's the REAL power behind all that's happening in Meda Inc Bhd?
Is Meda Inc Bhd doomed?

On 10th Nov 2006, I mentioned about their grand plan to let Meda Inc Bhd sink under heavy debt, together with the lenders, suppliers and others to whom Meda owes money. And their sneaky scheme to put up their new company Andaman Group for listing on the Bursa.

"A Friend" wrote in to give us a closer look at the hanky-panky in Meda Inc Bhd..."Dear Wendy....you were wrong on one count. The Cova project does not come under the Meda Group, so the sales do not goes to Meda. Most probably you do not know the history of the Andaman Group.

Let me set the record straight for you.Basically Meda went public because they need funds to expand. Meda have been listed on the main board for more than five years and with the funds from the listing you would expect the company to have expanded and have more projects.

If you look deeper the company have no new projects at all. The current projects are the very SAME projects that they have when they got listed.

So one would think that the management of Meda and the Directors are sitting on their fat butts doing nothing as there were no new projects. ON THE CONTRARY. TEOH SENG AUN HAVE BEEN VERY BUSY USING THE RESOURCES OF MEDA TO IDENTIFY NEW PROJECTS. The marketing and project department of Meda have been scouring around for viable projects and they have identified two such projects namely One Subang and the Cova, Kota Damansara.

But instead of injecting these projects into Meda he took it private.He formed the ANDAMAN GROUP using his brothers in law as a front. The brothers in law are Alex Wong, William Wong and Joshua Wong. In fact he is grooming Alex Wong to head the group. He went further to ensure the Cova project is a success by entering into an agreement with SEGi to rent the apartments from them so that the company can provide guaranteed returns to the purchasers.

The question here is why Teoh Seng Aun(TSA) did not inject the projects into Meda. IT IS VERY SIMPLE. HE WANTS TO ENRICH HIMSELF FURTHER AND HIS FAMILY TOO.It was also rumored that TSA siphoned RM8 million from Meda to form the Group and till today have not repaid the money back to Meda.In fact the Cova project was obtained through the contacts of Ong Bok Siong who is very close to the people in PKNS or PNSB.

So why is Ong Bok Siong allowing TSA to take the project private instead of injecting into Meda? Has Ong Bok Siong no loyalty to Meda which is paying his fat salary and giving him a luxurious car and a driver? Is he not responsible to the minority shareholders who expect him to perform his duties?

Now we have to ask the other question on what will the authorities do to the Board of Directors of Meda who sit back and allowed TSA to abuse his power as the majority shareholder to misuse the resources of Meda to enrich himself instead of resolving the financial problems of the company?.

Are the Directors not guilty of dereliction of duty? What about TSA? As the major shareholder, does he have the authority to determine the direction of the company? What business have he to manage the company? Are all the Directors just figureheads?The authorities would want to have evidence to investigate Meda.

The evidence are actually there for everyone to see, the abuse of power and the arrogance of Teoh Seng Aun, who thinks he can get away with it and that the authorities are IMPOTENT. Actually the MOTHER of all arrogance of TSA is to have the Andaman Group located on the 18th Floor of Menara Summit, which was the Directors' floor of the Meda and KEB group where at one time ALL the Directors were located. WHY? Because TSA sits on that floor and he wants his pivate company to be located there so HE CAN OVERSEE ITS OPERATIONS.

Next are the transfer of KEY PERSONNEL FROM MEDA. Robert You the COO was formerly with Salcon under Kumpulan Emas, so he cannot be counted. What about the Director of Project Charanjeet Singh who was formerly the Senior General Manager - Project of Meda. Then there is the Senior Manager - Marketing Lau Hon Chong who holds the same position with Meda. The Sales and Administration Manager, Iris Chai, was formerly the Assistant Sales and Administration Manager of Meda. Isn't the transfer of these key personnels a sure sign of abuse of the public listed company?

The final question to be asked is WHAT ARE TEOH SENG AUN'S PLANS FOR MEDA? NOTHING!!!!!.

http://andaman-group.blogspot.com/
continue part3

ANDAMAN GROUP IS MEDA GROUP - sama sama

Andaman group in Kalimantan coal mining foray
May 4 2007 Business Times

THE Andaman group, a privately-held entity, is investing up to RM30 million with a partner to buy the controlling rights for two coal mining concessions in East Kalimantan of Indonesia.

Andaman group is controlled by Datuk Dr Patrick Teoh's family, which is also the major shareholder in main board companies EcoFirst Consolidated Bhd, Meda Inc Bhd and SEG International Bhd.

The group signed an agreement yesterday to buy the two mines that collectively cover 9,952 ha with a concession period of 25 years.

"Coal mining is the perfect diversification opportunity for us. Another main reason why we are
doing this is that we have a good partner. The Indonesian group is wellrespected in Kalimantan," Teoh, who is chairman of the Andaman group, said during the signing ceremony in Subang Jaya.

The mines, located in Kebapatan Kutai Kartanagara and Kebapatan Berau, Kalimantan, are owned by PT Putra Dewa Jaya and PT Putra Bara Jaya respectively.

Upon completion of the acquisition, 40 per cent of the coal mining concession will be retained by the Indonesian partners. The balance 60 per cent will be vested in Andaman's subsidiary, Andaman Reseources Sdn Bhd, which in turn is 55 per cent owned by Andaman and 45 per cent owned by its Bumiputera partner.

With a combined proven coal reserve of more than 70 million cubic metres, these mines are set to be operational in two months.

Teoh said the Kutai mine produces higher quality coal which are suitable for use as coking coal in steel mills, while the Berau mine produces medium quality steaming coal that are used for power generation.

He said the initial production is expected at 50,000 tonne per month for each mine and the group plans to raise the production volume to 200,000 tonne each per month within a year.

More investments may be needed when the production volume is raised, he said, but the group expects to cover any additional investment through the sale of coal productions.

He said the venture is expected to contribute 30 per cent to Andaman group's net earnings, but declined to reveal the group's financial detail since it is a private entity.

Because of the attractive prospect, Teoh said the group and its Indonesia
partner are already in the process of buying a third coal mine in Indonesia.

In future, we may inject these coal mines into any of our public-listed companies (plcs), or the plcs may even buy other new mines directly from the Indonesian government. We don't discount any possibility," Teoh said.

http://andaman-group.blogspot.com/
continue part2


Wendy says: Mr Chia, my best wishes to you. The holiday season is here, hope MEDA INC BHD will settle this matter with you soon. But I'm not optimistic. The owners and management of Meda are scumbags without a single bone of integrity or honesty.Please do keep us updated of the progress of your legal action. And if you wish for me to take down this post, please do let me know also.

111 comments:

Maire said...
Good words.

November 10, 2008 at 7:59 AM
Anonymous said...
i have been cheated by meda people also. they are dirty bastards.

http://andaman-group.blogspot.com/

Andaman Group is just another Meda Inc Berhad!

Different companies. Same people. BEWARE!

MEDA INC BHD INVOLVE IN CHEATING & FRAUD

I have not blogged for quite sometime, and have not decided whether to keep this blog or take it down. Recently I received a lot of emails keeping me updated at what's happening at Meda Inc Bhd and their sister companies. Although my company this year has received partial payment of what Meda owed us, I think I shall do a public service for everyone, so I shall keep this blog up for the time being.Another gentleman, Mr Norman Chia, is extremely angry at Meda Inc Bhd. He decided to write in and go public with his experience. Below I reproduce the full text of his mail:

A facsimile from Norman Chia Ferng Ji (Mr Chia gave his mobile number for the public to call him for verification but I decide not to disclose it here)

To: Wilbert Goh/Jenny Lim Fax number: (03) 8024 8966 (fax number of Meda Inc Bhd)
Date: 20-Dec-07
Regarding: News for Your Business/Consumer Section: Proof that Meda Inc Bhd is Scandalizing its Property Buyers!

Comments: I WILL BE FAXING THIS STORY TO ALL THE NEWSPAPERS TODAY IF I DO NOT HEAR FROM MR. WILBERT GOH WITH A SOLUTION BY NOON. THE REPORTERS ARE WAITING FOR OUR STORY.

"Dear Editor,

Greetings. As mentioned over the telephone, I, of the above name, am a seasoned real estate investor. For all the real estate transactions that I have completed for the past 7 years, the one I am currently involved in, is so immoral and illegal, and involves a high profile corporation - Meda Inc Bhd, that I feel that the public should be made aware of it before doing any further business with this company and its affiliates. For the record, my solicitors and I have all the legal documents to substantial everything I am reporting here.

This is how the story goes.

or me to I decided to purchase a shopping centre lot in The Summit Shopping Centre on 20th December 2006 (attached copy of SPA). The seller was Hexaland Sdn Bhd. The agreed purchase price for the lot was RM220,000. After the agreement was signed, deposit being paid, my solicitors went ahead to complete the necessary legal paperwork to complete the transaction. So far so good.

However, in 29th May 2007, my solicitors conducted a land search on the master title on which the shop lot is erected and the search result reveals that there is a charge created by Meda Development Sdn Bhd (the developer of The Summit Shopping Centre) in favour of Arab Malaysia Merchant Bank Berhad (copy of charge attached) for a whopping amount of RM220, 000. In other words, the developer – Meda Development Sdn Bhd - charged that particular shopping lot to AmInvestment Bank and secured a loan of RM220,000 – without the seller knowing about it! This means the seller, in this case, Hexaland Sdn Bhd, is unable to sell this property to me because the developer owes money on his property. Our solicitor advised us that unless the developer settles this loan completely, this property cannot be transferred to my name, or anybody’s name for that matter. Our solicitor also informed us that the developer was able to secure this loan because Hexaland Sdn Bhd purchased this property with cash (no mortgage charged), hence fooling AmInvestment Bank into thinking that this property is unsold.

After six months of chasing, the developer till to date has refused to do the right thing and settle the loan they had no right to secure at the first place. Their manager, Mr. Wilbert Goh, gave one false promise after another that this issue will be solved. When threatened with legal action, their response is simply “go ahead”.

The seller and I will have no choice but to bring this matter to court. We have given Meda Development Sdn Bhd ample time (6 months) to do the right thing. It has been almost 12 months since we signed the SPA. Justice must be served. What other choice are we left with? However, I just want the public to be aware of the business practices of Meda Inc Bhd, especially its property arm. They are launching several residential projects for sale in Subang and I am genuinely worried for the thousands of home buyers/investors that have been dealing with them. I sincerely hope this sharing will open up the eyes of the public to this shocking and irresponsible corporate behaviour. I also applaud your newspaper for showing such interest in our story and doing a service for our community.

Please feel free to contact me at the above number. If you wish to contact the seller, Hexaland Sdn Bhd, to get their perspective on this transaction, the director is Mr. Her (012 221 6633).

Thank You. "

goreng, simpan dalam oven, lepas tu bakar
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goreng finished already

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tomorrow simpan dalam oven

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day after tomorrow...bakar

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OK ready? tomorrow (tuesday) simpan dalam oven tau!!!

esos for staffs...whom are also relatives of directors...tolong menolong haha

agree...then sell at 13.5 or 14

good for u

2013-12-31 2013-09-30 39,886 -1,979 -2,191 -2,191 -2.92 - 1.2700

2013-09-30 2013-09-30 39,886 -1,979 -2,191 -2,191 -2.92 - 1.2700
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2 different quarters

same revenue

same losses before tax

same losses

same losses to shareholder

same nta
--------------------

something is faked by a lazy guy from cymao...very very fishy

the bigger they have...the harder they'll fall!!! :)

Posted by ulutrader > Feb 9, 2014 11:01 PM | Report Abuse

Due to uncertainty of direction of IRIS in near term...I've decided to hold for mid-term and continue to accumulate at lower levels.
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ayat cantik...

it must be easier if u say:

gua dah jual..mau beli balik murah da...kahkahkah

Posted by AyamTua > Feb 9, 2014 10:57 PM | Report Abuse

pasal itu lah aku cakap iris berat .. but fundamentally sound :-)
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iris memang berat...tapi FGV yg support iris pun berat jugak..so very stable i think

goreng jangan tak goreng...goreng dulu...nanti dah masuk O&G baru betul2 masuk oven...lepas tu baru boleh bakar