Sersol Bhd expects its joint venture with Thai energy and electric vehicle (EV) motorbike specialist Takuni Group PCL to generate RM900 million in sales across Malaysia, Indonesia and Thailand.
Managing director Datuk Justin Lim Hwa Tat said the JV inked in Bangkok diversifies Sersol’s investment portfolio to incorporate a Malaysian entity to handle manufacturing, marketing and distribution of EV motorbike batteries, EV batteries, and charging platforms throughout the region.
Tiong Siang is the father of Sersol chief executive officer Datuk Wira Justin Lim Hwa Tat, who is wanted by the Malaysian Anti-Corruption Commission (MACC) over his instructions and approval of five payments totalling RM2.5 million to a private company named HGC Legacy Enterprise.
Meanwhile, Hillcove wanted to elect three new directors to the board, namely Datuk Mohamed Suffian Awang, Alan Ling Sie Kiong and Tan Tong Lang, with immediate effect. It is worth noting that Momahed Suffian is a former independent and non-executive director of FGV Holdings Bhd and former political secretary to former prime minister Datuk Seri Najib Razak.
Now you can understand why these company can keep RI/PP/ESOS to increase NOSH from 300m shares to 6B NOSH, and later 30:1 consolidation and repeat the process a few times without doing any meaniful business activity.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) SERSOL BERHAD
Particulars of substantial Securities Holder Name MORGAN STANLEY Address 1585 Broadway, New York, NY 10036 New York 10036 New York United States. Company No. NIL Nationality/Country of incorporation United States Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 03 Jul 2024 1,245,000 Disposed Direct Interest
=================== One director went missing ? Now big player disposing ?
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