Many Malaysians objected the 1Malaysia email project run by this company. PM Najib even had to explain that this project is privately funded.. which many doubt so.
Apart from CEO Khairul Zainal Mokhtar's 31 per cent stake, Commerce Technology Ventures Sdn Bhd (CTV) owns 16 per cent of Tricubes. Who owns CTV? According to the official portal of the Malaysian Science and Technology Information Centre (Mastic), CTV is a "partnership of Bank Negara Malaysia and the Commerce Group in promoting and developing technology financing in Malaysia".
And "CTV is managed by CAV Private Equity Management Sdn Bhd, a member of the Commerce Asset-Holding Bhd group of companies."
So who actually owns CTV? CIMB Group Holdings Bhd, as can be seen below in CIMB's Annual Report for 2010.
Among the non-executive directors of Tricubes is Khairul's father-in-law, former commissioner of police Zaman Khan."
** Tricubes shares continue hike despite bad press **
KUALA LUMPUR, April 21 â?? Tricubes Berhad was the biggest gainer in early trading on Bursa Malaysia today, rising 17.5 sen to 33.5 sen despite continued bad publicity and no detailed plans on how it will generate revenue from the 1Malaysia Email project.
Trading volume was high as the stock continues a steady climb after rising 6.5 sen yesterday on news that it will spearhead the Najib administrationâ??s efforts to establish a secure digital channel between the government and Malaysians aged 18 and over.
The little known ACE-listed company, which is in danger of being delisted due to financial irregularities, said yesterday that it would recoup an initial RM5.3 million investment via advertising, online shopping and digital delivery of government bills and notices.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
William Huang
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Posted by William Huang > 2011-04-20 17:47 | Report Abuse
Many Malaysians objected the 1Malaysia email project run by this company. PM Najib even had to explain that this project is privately funded.. which many doubt so.
Check out more details at:
http://www.malaysiakini.com/news/161984
http://www.facebook.com/SayNoTo1MsiaEmail