Aio...you should learn to read beyond the line...dato clearly said his purpose is to recover the money, meaning TPY return it then the issue is closed. This is in line with the article three days ago which to the effect said that the dispute will end in stalemate so the parties should settle, which dato said: he return the money we revoke the suit, and tey's term is: he say sorry we settle this tomorrow.
Dato said during interview yesterday and published today mah...silly boy...
Alice ahh Alice cukuplah you sudah sampai tujuan you come here adi! You see Nexgram price bcos of you! So today last liao ok bo? Tomorrow we all good life ok?
10 reasons that minority shareholders should stay away from nexgram:
1. 12 years of unbroken profits (including during 2008 financial crisis).
2. Dato Chong manages to ensure of Protasco's survival during 1998 asian crisis without firing any employee.
3. Tey Por Yee and Ooi Kock Aun's directors in nexgram believe they are guilty and therefore resigned on the same day Protasco filed their suit. Up to date no replacement is brought in.
4. Gideon Tan, lawyer of TPY and OKA recused himself, which means not even their lawyer believe that they have a case against Protasco and Dato Chong.
5. B'll Chong from MD Corp are planning to get rid of TPY from his company.
6. RM 90mil of unexplained irregularity found in Nexgram's financial report.
7. Every company mentioned in TPY's lawsuit to argue that Dato Chong received kick-back actually are owns by him and linked to Nexgram.
8. Up to date, nexgram failed to find new contractor for it cyber jaya's project.
9. TPY, OKA, Tey Por Chen, Seh Poh Yee offloading their nexgram shares to unknown third party.
10. TPY and OKA are likely be guilty of the following criminal offense: perjury, money laundering, contempt of court and embezzlement.
That is normal...after you invest money there would be a momentary loss on your financial report and it also shows that protasco prepare an as is and uncooked financial report.
I don't care whatever negative remarks made by naysayers in this forum.....I remain positive with NG.....No issue on TA and FA.... regardless...
If you guys are holding Protasco's shares....TA and FA is in the RED......Real time is RED ALERT According to chart...But to be fair...I don't know what will happen next....GOOD LUCK to both NG and Protasco's investors.....Cheers..
Business NewsHome › Business › Business News Protasco posts Q3 loss of RM69mil Wednesday, 26 November 2014
PETALING JAYA: Protasco Bhd went into the red with a net loss of RM69.18mil for the third quarter to Sept 30, 2014 from a previous net profit of RM13mil. Revenue jumped 27.1% to RM318.99mil.
The net loss was due to an impairment on the purchase consideration due from PT Anglo Slavic Utama and the advance made to PT Anglo Slavic Indonesia totalling US$27mil (RM84.64mil).
Without the impairment, the group’s profit from operations registered a growth of 9.3% compared to the same period in the previous year.
The company announced an interim dividend of 5 sen from 4 sen previously.
For the nine-month period, the company recorded a net loss of RM42.38mil from a previous net profit of RM32.77mil. Revenue incresed 14.78% to RM667.67mil.
There is an ongoing feud between Protasco’s two largest shareholders, executive vice-chairman and group MD Datuk Seri Chong Ket Pen and non-executive director Tey Por Yee.
An EGM will be held today to vote on resolutions to remove Tey and his associate and fellow board member Ooi Kock Aun. The shareholders behind this move are Chong and Tan Heng Kui, another Protasco director.
On Friday, there will be another EGM, jointly requisitioned by Tey and a company he controls, to oust Chong from the board. 26/11/2014 09:50
PT will continue make loss in next quarter, next year and next decade as the person running the company failed to get good projects and running out of idea how to grow the company. Dividend given is just window dressing to share holders. Exactly like GM in US. PT future value is closed to zero. Nexgram has Big Audacious Goal, bright future.
That what I like about Protasco...they always prepared real report...nexgram? They always falsified their report for the last five years...
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Posted by bing > 2014-11-25 22:34 | Report Abuse
Alice where got say if TPY pay Dato' let! Some more this is today news but not yesterday!