Let me put it this way....even Gideon Tan, a lawyer that was paid by TPY leave him a day before the EGMs....who in the right mind want to pay money to TPY's company?
If that really the case..protasco undervalued.....just buy and keep it....why should come others people house and start telling bad things about others......so think about it ...im not saying anyone just for friend to consider
These chong people are all 1 person actually. Just twist and spam. Use dirty tactic to sabotage TPY and OKA lawyer, no choice by law have to change. What is such a big lie people change a car? Chong cheat scratch 1 car, add another 2 lor.
If i in alice shoes..i dont barking like dog I just buy the share which i undervalue and can reach 4-5 ringgit And just keep quiet Lain macam lah alice ni
Whenever share price drops without protecting the interest of company,I always believe the management is indirectly helping the doom preacher to press down the price. Alice plays the same game with them to get it cheap.
Antz....if that is the case then obviously Gideon Tan and TPY will have a birthday party because he would have grounds to lodge criminal complaint against Protasco and it lawyer for presenting false evidence and filing contempt of court based on false evidence which evident the existence of male fides or bad faith and they could counter sue....it would be a slam dunk case...but they didn't, which means the witness tempering did occurred and there is a huge hole somewhere in TPY and OKA's case/defense/suit.
Posted on 28 October 2014 - 05:37am Eva Yeong sunbiz@thesundaily.com
Nexgram CEO & MD, Tey Por Yee reacts during the pc after the AGM. KAMARIDUAN MOHD NOR/THE SUN PETALING JAYA: Nexgram Holdings Bhd has a short list of contractor and partners lined up for its maiden property development projects in Cyberjaya and Putrajaya, after its planned partnership with Protasco Bhd fell through.
"We signed the MOU with Protasco but their speed cannot match what we want…if you cannot do the job, sorry. We should follow good governance in selecting the right contractors and partners," its CEO Tey Por Yee (pix) told reporters after its AGM yesterday. Tey is one of two Protasco directors. Protasco is suing for breach of fiduciary duties.
"We signed with them a couple of months ago and all the partners should come back to us within the period but they couldn't give us what we want. That's why we have to select other partners as well. In the future if they can give us something fast and up to the mark, we may consider (them) again," he added.
Last month, three independent directors of Nexgram resigned after Protasco announced that it had filed a legal suit against Tey, who is a substantial shareholder of Protasco, and Ooi Kock Aun and PT Anglo Slavic Utama (PT ASU).
Tey declined to comment on the resignation of the directors stating that it is a separate matter from Nexgram's business. He and Ooi are to hold a press conference today.
Last month, the group announced that it had signed two MOUs with MyAngkasa Bina Sdn Bhd for the proposed joint development of the Cyberjaya and Putrajaya projects. MyAngkasa Bina is a subsidiary of Angkatan Koperasi Kebangsaan Malaysia Bhd.
Tey said it expects to have groundbreaking ceremonies for the two projects by first quarter next year and hopes to commence work on the project within the next 12 months.
The estimated value of both projects is RM1.2 billion, which is subject to change depending on the final plans.
"In Putrajaya we are doing affordable housing so it has to be in line with what the government wants. For Cyberjaya, we have more flexibility, we are developing middle to high-end, of course our price will be competitive to the market," he said.
Tey said moving forward, it is looking for more joint venture (JV) projects in property development, both with the private sector and the government. It plans to focus on projects in the Klang Valley or selected areas in Iskandar Malaysia.
"Hopefully we can launch our projects before end of 2015. That will give us at least three plus two years of consistent income. Looking at thin margin of let's say 15% net, that is fantastic income for the company for the next five years," he said.
Tey said the group aims to have property development contribute 30% or more to its total earnings in the next one to two years. In the long term, property development and its core business of telecom, media and technology (TMT) are expected to contribute "quite equally".
Alice, okay, TPY n OKA are bad. So, how many points u have gained for ur karma ? Still not enough ? Thts y continue n continue ?.... Let the court do the job. Seriously, u really wanna see Nexgram goes bankrupt ?
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....
Antz
712 posts
Posted by Antz > 2014-11-25 19:43 | Report Abuse
Yes...Karma from Mr. Alice Chong