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3 comment(s). Last comment by CatchCrook 2019-04-02 09:19
Posted by CkpStolen > 2017-09-12 00:34 | Report Abuse
This one not complete. Here is more macro scope of where and how chong ket pen cheated everyone.
CkpStolen Good article to share.
http://klse.i3investor.com/m/blog/Crocsandtigers/131068.jsp
25 August 2017 - Protasco Bhd under Group managing Director Chong Ket Pen leadership, saw the cash flow worsen from Q1'17 to Q2'17, with cash and cash equivalent drop from RM280 million to just RM6 million as of 30 June 2017. Except the jaw dropping self written 400% increase of RM4 million yearly salary to Chong Ket Pen alone, and total on surface RM40 million taken by Chong Ket Pen in pay packages and dividends, the speed and quantum of Protasco Bhd cash being vanished is devastating.
Since year 2014, Protasco Bhd had done extensive public relation and investor relation promoting good prospect of the company. However, the actual results speaks other wise. Here is the key segmental analysis as per Q2'17 quarterly report:
No result.
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Posted by Blacksails > 2017-09-12 00:08 | Report Abuse
Why SC not taking any action on this matters?