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25 comment(s). Last comment by EngineeringProfit 1 month ago

arv18

2,645 posts

Posted by arv18 > 1 month ago | Report Abuse

DAP is the property developers party. Wake up already.

arv18

2,645 posts

Posted by arv18 > 1 month ago | Report Abuse

D(Demonstrating) A(Aptitude) in P(Property) => DAP

Posted by TonsilBasher > 1 month ago | Report Abuse

What do you expect from a most corrupted Malay young man who lick the balls of Mamak Sakau?

Sslee

4,973 posts

Posted by Sslee > 1 month ago | Report Abuse

Just attend any AGM of listed company and tell me is governance alive or a stillborn?

Did any shareholders or Bursa SC hold the BOD accountable, responsible and answarable?

Sslee

4,973 posts

Posted by Sslee > 1 month ago | Report Abuse

Dear SC,
Referring link below:
https://theedgemalaysia.com/node/705743

I am impressed by the action taken by SC in year 2023 especially on ongoing criminal enforcement efforts, which were undertaken with the public prosecutor’s consent, initiated 15 civil actions, including the issuance of letters of demand and restitute back recovered stolen money to aggrieved investors.

Referring below SC announcement
https://www.sc.com.my/resources/media/media-release/sc-reprimands-three-china-based-companies-and-says-retention-of-four-directors-prejudicial-to-public-interest

The SC reprimanded Xingquan, its Executive Chairman and CEO Dato’ Wu Qingquan, Executive Director Wu Lianfa, former Non-Independent Non-Executive Director Ng Sio Peng and former Senior Independent Non-Executive Director Zhou Liyi for:

falsely recording a loss of RMB415.7 million from the sale of inventory by Xingquan’s wholly-owned subsidiary;
furnishing to Bursa Malaysia a false agreement between the said subsidiary and a third party;
furnishing false or misleading financial statements to Bursa Malaysia; and
recording cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.
I am thankful to SC for taking the above reprimanded action but are the reprimand actions considered as justices done and case closed with no further actions?

In view of the seriousness of offends/frauds committed by the fraudsters and their total disregard/contempt shown against authorities of SC and BURSA with no respect for Malaysia Law.

Please pardon me to ask the below repeated questions:

Question 1: Is SC intend to make an extradition request with the Chinese government to extradite CEO Dato’ Wu and his brother executive director Wu Lianfu to stand criminal trial in Malaysia Court?

Question 2: Refer google search: https://www.google.com/search?client=firefox-b-d&q=gertop

Xingquan brand products (Gertop) are available for sale at many online shopping websites. This means Xingquan still has production lines and assets in China but the China owner and Management team just took us Malaysians as fools and showed utmost contempt to SC and BURSA authorities/Malaysia law.

Will SC now invoke CMSA 2007 section 358 (1) in the public interest, taking legal action against Xingquan to recover loss on behalf of victims who suffers loss or damage by reason of, or by relying on, the conduct of another person who has contravened any provision of Part VI or any regulations made under this Act, the amount of the loss or damage by instituting civil proceedings against the other person whether or not that other person has been charged with an offence in respect of the contravention or whether or not a contravention has been proved in a prosecution?

Question 3: Is SC investigating Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and PP & RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for:

1. Gross negligence and failure to perform their fiduciary duty; and

2. Are complicit in above fraud/crime in auditing, preparing and approving Xingquan Financial Account, IPO Prospectus and RI Prospectus.

A reasonable exercise of care or due diligence should have detected cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.

Note: A precedent case had been set whereby external auditor KPMG and Deloitte pay USD 80 million each and Ambank pay USD 700 million to settle claims linked to the 1MDB scandal.

Thank you

Selamat Hari Raya Aidilfitri
Maaf Zahir Dan Batin

Best Regards,
Lee Soon Sheng

Posted by EngineeringProfit > 1 month ago | Report Abuse

That's a different kind of governance. Here governance is just a game of cards for gomen of the thoughtlessly deluded poor with herd mentality, by the cunningluly influential and super rich elites, for the entitled by birth

Posted by Sslee > 8 minutes ago | Report Abuse

Just attend any AGM of listed company and tell me is governance alive or a stillborn?

Did any shareholders or Bursa SC hold the BOD accountable, responsible and answarable?

Sslee

4,973 posts

Posted by Sslee > 1 month ago | Report Abuse

Even with my yearly repeated email to prompt Bursa SC to take further actions but still no further action is forthcoming.

Already change how many government and PM since my first complaint and delisting of Xingwuan but the CEO and Executive directors still get away with murder.

What governance are we talking about?

Posted by EngineeringProfit > 1 month ago | Report Abuse

That's a different kind of governance. Here, governance is just a game of cards for gomen of the thoughtlessly deluded poor with herd mentality, by the cunningluly influential and super rich elites, for the entitled by birth

Posted by Sslee > 21 seconds ago | Report Abuse

Even with my yearly repeated email to prompt Bursa SC to take further actions but still no further action is forthcoming.

Already change how many government and PM since my first complaint and delisting of Xingwuan but the CEO and Executive directors still get away with murder.

What governance are we talking about?

Posted by EngineeringProfit > 1 month ago | Report Abuse

Here, energy and resources that could have been allocated to handle your case as well as constructive endeavors such as education, infrastructure, and economic development are diverted towards maintaining control or dominance within the society.

Sslee

4,973 posts

Posted by Sslee > 1 month ago | Report Abuse

So what hope can we have in Malaysia?

No mater who is our government or who will be our PM, it is still business as usual. The rich will be richer, the poor poorer, the corrupt will be even more powerfull and super rich and the fanatic will be even more extremist, intolerance and more vocal and violence.

Posted by EngineeringProfit > 1 month ago | Report Abuse

Hope = this: No need to wait till RM10 for 1 sgd.......we sarawakians are working on a third force to take over and lead Msia to greatness. Born original, never regress to pariah copycat of distant middle east

Posted by EngineeringProfit > 1 month ago | Report Abuse

You guys have to be patient. As least we must wait till rm8 fpr 1sgd for the fanatic ppl to get frustrated enough to wake up from their obsession, delusions and indulgence

Posted by EngineeringProfit > 1 month ago | Report Abuse

At this moment, they are still happy that energy and resources that could have been allocated to handle your case as well as constructive endeavors such as education, infrastructure, and economic development to be wastefully diverted towards maintaining control or dominance within the society

Sslee

4,973 posts

Posted by Sslee > 1 month ago | Report Abuse

I can only wish in time to come we will have an inclusive Sarawakian to be our PM. But then again will the ketuanan Malayu allowed that to happen and our election system only favour Semenanjung Malay to be our PM.

I have more respect for our Sarawakian the Minister of Tourism, Arts and Culture Mr. Tiong King Sing than any present and past MCA, Gerakan or DAP minister.

Income

10,470 posts

Posted by Income > 1 month ago | Report Abuse

Now you all can see the true colors of End-Warr. Talk like thunder, but no balls to take action. NATO - No actions, Talk Only?

Posted by EngineeringProfit > 1 month ago | Report Abuse

Bapa ENdlessWAR?

Income

10,470 posts

Posted by Income > 1 month ago | Report Abuse

Hahahaha

Posted by EngineeringProfit > 1 month ago | Report Abuse

How pmx fails the nation and every msian? A leader's first duty and primary skill should indeed revolve around their ability to effectively resolve conflicts and intervene swiftly in crises. Here's why:

1. **Maintaining Stability:** A leader's foremost responsibility is to ensure stability within their domain, whether it's a community, organization, or nation. Conflict resolution and crisis intervention directly contribute to this stability by addressing issues before they escalate.

2. **Protecting People:** Leaders are entrusted with the safety and well-being of their constituents. Promptly resolving conflicts and intervening in crises protects people from harm, whether physical, emotional, or social.

3. **Preserving Trust and Confidence:** Effective conflict resolution and crisis intervention build trust and confidence in a leader's ability to handle challenging situations. This trust is crucial for maintaining support and cooperation during both calm and turbulent times.

4. **Preventing Escalation:** Unresolved conflicts and unaddressed crises can quickly escalate, leading to more significant problems and potentially catastrophic outcomes. Leaders who excel in conflict resolution and crisis management can nip these issues in the bud.

5. **Fostering Collaboration:** By skillfully resolving conflicts, leaders can foster collaboration and unity among diverse groups. This collaboration is essential for progress, innovation, and sustainable development.

6. **Enhancing Reputation:** Leaders known for their adeptness in handling conflicts and crises gain a positive reputation not only locally but also internationally. This reputation can attract investment, partnerships, and goodwill, benefiting the entire community or nation.

7. **Promoting Growth:** When conflicts are resolved efficiently and crises are managed effectively, it creates an environment conducive to growth and prosperity. People feel secure and motivated to contribute their best efforts towards common goals.

In essence, a leader's ability to resolve conflicts and intervene in crises promptly and skillfully is foundational to their overall effectiveness and the well-being of those they lead.

stockraider

31,556 posts

Posted by stockraider > 1 month ago | Report Abuse

General Raider to Sifu Sslee,

Forget about Xinguan loh....it already bankrupt....nothing can be done...it is already too late loh!

SC & Bursa know about it very well, thus they do not want to waste time....better spend their effort on more productive area mah!

Sslee

4,973 posts

Posted by Sslee > 1 month ago | Report Abuse

Isn't extradite CEO Dato’ Wu and his brother executive director Wu Lianfu to stand criminal trial in Malaysia Court the right thing and productive thing to do?

Isn't investigating and charging Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and PP & RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for:
1. Gross negligence and failure to perform their fiduciary duty; and
2. Are complicit in above fraud/crime in auditing, preparing and approving Xingquan Financial Account, IPO Prospectus and RI Prospectus the right thing and productive thing to do?


A reasonable exercise of care or due diligence should have detected cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.

Note: A precedent case had been set whereby external auditor KPMG and Deloitte pay USD 80 million each and Ambank pay USD 700 million to settle claims linked to the 1MDB scandal

qqq47660

8,718 posts

Posted by qqq47660 > 1 month ago | Report Abuse

Swift death sentence in Vietnam for banking fraud

Posted by EngineeringProfit > 1 month ago | Report Abuse

Here swift jail sentence for sock jokes

Posted by qqq47660 > 2 minutes ago | Report Abuse

Swift death sentence in Vietnam for banking fraud

Sslee

4,973 posts

Posted by Sslee > 1 month ago | Report Abuse

In Malaysia even Bursa SC brought charge of accounting fraud but then the AGC just drop the charge and only ask Bursa SC to impose fines.

AGC's decision to drop charges against Serba Dinamik and four executives enabled quick punitive action, says Wan Junaidi
By Shazni Ong / theedgemarkets.com
03 Aug 2022, 02:40 pm
Updated - 07:38 pm

Posted by EngineeringProfit > 1 month ago | Report Abuse

Cash is king. All judges and igps got price tag in pariahland. Can see how they make their supposedly holy thing becomes a international laughing stocks with their despicable attacks on retail businesses

Posted by EngineeringProfit > 1 month ago | Report Abuse

When believers of a religion contribute to making it a world laughing stock, it reflects a profound deterioration in human quality. Here's why:

1. **Lack of Respect:** It shows a lack of respect for one's own beliefs and those of others. Respect for beliefs is fundamental to peaceful coexistence and understanding among diverse communities.

2. **Misrepresentation:** It misrepresents the essence of the religion, often focusing on trivial or controversial aspects instead of its core teachings of compassion, empathy, and morality.

3. **Undermining Faith:** Such actions can undermine the faith of sincere believers and deter others from exploring spirituality, leading to a loss of faith in institutions that are meant to provide guidance and solace.

4. **Fueling Prejudice:** It can fuel prejudice and stereotypes, reinforcing negative perceptions about certain religions or religious communities, which can lead to discrimination and conflict.

5. **Diminished Credibility:** When a religion becomes a subject of ridicule due to the actions of its followers, it loses credibility and influence in the broader society, making it harder for genuine seekers of truth to find meaningful spiritual guidance.

In essence, when believers contribute to making their religion a laughing stock, it not only reflects poorly on their individual character but also erodes the integrity and reputation of the faith they claim to uphold.

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