Posted by Goodkiller > 2014-11-27 21:11 | Report Abuse

Based on Chong signed up on 3 Nov 2012 agreement trade off obligation to complete a legitimate oil asset with proven third party due diligence, it is clear that Chong put a blame to his victims is a cover up for his mistakes.

In view of the findings from agreements and documents, it became evident that Protasco had been a victim of deception, and fraud by Chong Ket Pen, since he never disclosed his personal interest in 3 November 2012 agreement to the board of directors of Protasco as he is required unde the law. In fact, Protasco was wrongly led to believe that the business opportunity to invest in ASI with ASU is undertaken at arms length but actually insider trading. Chong is on beach of Company Act, Bursa and SC, as well as his Executive Directorship in breach of fiduciary duty, to defraud, scam and cheat his victims, and setup a blame for the cover up for his failure in handling asset acquisition.

Posted by Goodkiller > 2014-11-27 21:11 | Report Abuse

Float!

Posted by Goodkiller > 2014-11-27 21:12 | Report Abuse

Spam again. Mental ill.

Posted by Marina > 2014-11-27 21:12 | Report Abuse

Suda boring
Same thing everyday..copy paste here
Copy paste there

Posted by Fam Jenny > 2014-11-27 21:13 | Report Abuse

AliceTeh.I don't trust you,you have said he and cohorts owned 95% of Protasco,are you sure

Posted by Goodkiller > 2014-11-27 21:18 | Report Abuse

He is yet inviting another legal case for working in concert and general offer. SC will get him later. One by one crypt his bone and rot within.

Posted by Marina > 2014-11-27 21:18 | Report Abuse

Fam ..ayoyo..why u take serious what alice says..
We know the agenda what

Posted by Goodkiller > 2014-11-27 21:18 | Report Abuse

Float again alice chong.

Posted by Goodkiller > 2014-11-27 21:19 | Report Abuse

Chong's style of spam. Mirror him.

Why Nexgram and not Protasco:

1. Protasco has biased chairman and directors to cover up MD Chong misconduct, a scam board
2. Chong dirty lawyer false suing TPY and OKA lawyer baseless just to make him step back; while TPY and OKA lawyer did not use unethical dirty method to sue Chong lawyer earlier for misleading client staff to make fake statement
3. Billions of Ringgit worth of hole in the financial report in Protasco stolen from government in construction, huge cover up
4. TPY and OKA get the point taken and objective achieved proving of chairman biased and not independent in breach of his duty facing shareholder request or egm postponement.
5. Chong will get arrested next week and in jail as earliest as next year.
6. Protasco has stolen government assets.
7. Protasco stolen government money in big cover up
8. Chong fails many lost making projects, he cover up
9. Chong is soon to be charged with criminal offense in three authority: Polis, Bursa and SC.
10. Protasco will be suspended and full investigation on stolen government money

Posted by AliceTey > 2014-11-27 21:21 | Report Abuse

y I just want to add several facts with regards to the on going case:

1. Protasco’s allegation against Tey Por Yee and Ooi Kock Aun in their lawsuit are that the two directors try to deceive Protasco and making secret profits by establishing an Indonesian companies (PT Anglo Slavic Utama/ASU and PT Anglo Slavic Indonesia/ASI) and inducing Protasco to buy ASU’s shares in ASI without disclosing that they are the owners of ASU and ASI.

2. Tey Por Yee’s lawsuit through Kingdom Seekers are vexatious at best because after Dato Chong’s last press conference, Tey finally admits that the RM 10million wired to Dato Chong’s bank account was actually part of a payment for a RM 20million loan received by Tey so he would be able to finalize the purchase of Protasco’s share. Larry also said to media, to the effect that he refused to return the rest RM 10million he owed to Dato Chong.

3. It is not that Dato Tan Sri takes side with Dato Chong, but he acted as what he did because Larry Tey/Tey Por Yee failed to produce any documents evidencing Dato Chong’s wrongdoing when he was given chance to during the board meetings.

4. The website http://www.angloslavic.com is registered under Abamon Technology Sdn Bhd who shares the same address as Nextnation Communication Berhad, the former name of Nexgram, where Tey and Ooi are substantial shareholders. Abamon is wholly owned by PT Inovisi through Code Wireless PTE LTD.

5. PT Green Pine who owned 60% of PT Inovisi’s shares is an alter ego of Tey Por Yee and Ooi Cock Aun. PT Inovisi is the subject matter of security.

6. Modern Profit LTD, a company owned by Tey Por Chen, the brother of Tey Por Yee is a subsidiary of PT Inovisi.

7. Ooi Cock Aun is a finance director of PT Inovisi.

8. The sole director of Acclaim is Lim Sue Fern, the wife of See Poh Yee who held substantial shares in Nexgram and together with Tey Por Yee graduated from the University of Manitoba, Canada, 1998. Acclaim is the third party security provider.

9. Tey Por Yee, Tey Por Chen, See Poh Yee are the founders of Nexgram and all of them currently offloading their Nexgram’s shares to the market. Nexgram’s directors resigned when Protasco filed it lawsuit against Tey and Ooi.

10. Protasco has lodged two lawsuits against Tey and Ooi, the first for contempt of court on grounds of tempering with witness, second for Ooi’s attempts to make secret profits from Protasco’s dealing with PT Goldchild Integritas Abadi, which should be add is another alter ego ofTey and Ooi.

11. Gideon Tan, lawyers for Tey and Ooi has discharged himself, meaning that he don't believe in his clients' case.

All of the above informations can be obtained by googling.

That being said, I found that the one who is without integrity is Larry Tey Por Yee and Adrian Ooi Kock Aun.

Facts giving rise to the case:

1. On November 2012, Tey Por Yee brought a potential investment opportunity to Protasco, which involve the purchase of 76% shares of the total issued share capital of ASI. ASI owned and controlled 49% of PT Firman Andalan Sakti/FAS which owned 70% of PT Hase Bumou Aceh/Haseba.. Haseba had entered into a partnership agreement with PT Pertamina to develop and produce oil and gas in the Aceh Province, Indonesia (the “Project”).

2. Protasco entered into a sale and purchase agreement with ASU for the acquisition of 76% of the share capital of ASI amounting to USD 55million (“SPA”). Pursuant to the SPA, Protasco deposit amount of RM 50million to ASU’s account.

3. Due to significant material discoveries made through the Due Dilligence, Protasco secured a reduction to the purchase price and signed the Amended and Restated Sale and Purchase Agreement. Some Conditions Precedents were not fulfilled on the side of ASU because it is actually not attainable.

4. During a board meeting of Protasco to discuss the issue of SPA’s which resulted in the formation of the investigation committee/IC, Larry Tey vigorously defended ASU.

5. The finding of the IC, inter alia, are as follows:
a. Larry Tey first approached Dato Chong in November 2012 through his vehicle, Global Capital Limited to jointly develop an oil and gas project based in Indonesia;
b. Larry Tey and Adrian Ooi are the beneficial owners of: ASU, PT Inovisi, Acclaim Investment Limited, and PT Green Pine (the largest single owners of PT Inovisi).

6. In view of the findings from the investigations, it became evident that Protasco had been a victim of deception, and fraud by ASU, Larry Tey and Adrian Ooi since neither of them disclosed their personal interest in ASI to the board of directors of Protasco as they are required unde rthe law. In fact, Protasco was wrongly led to believe that the business opportunity to inv

Posted by Goodkiller > 2014-11-27 21:22 | Report Abuse

Why Nexgram and not Protasco:

1. Protasco has biased chairman and directors to cover up MD Chong misconduct, a scam board
2. Chong dirty lawyer false suing TPY and OKA lawyer baseless just to make him step back; while TPY and OKA lawyer did not use unethical dirty method to sue Chong lawyer earlier for misleading client staff to make fake statement
3. Billions of Ringgit worth of hole in the financial report in Protasco stolen from government in construction, huge cover up
4. TPY and OKA get the point taken and objective achieved proving of chairman biased and not independent in breach of his duty facing shareholder request or egm postponement.
5. Chong will get arrested next week and in jail as earliest as next year.
6. Protasco has stolen government assets.
7. Protasco stolen government money in big cover up
8. Chong fails many lost making projects, he cover up
9. Chong is soon to be charged with criminal offense in three authority: Polis, Bursa and SC.
10. Protasco will be suspended and full investigation on stolen government money

Posted by AliceTey > 2014-11-27 21:24 | Report Abuse

Still playing copy paste game eh? It's takes two to tango baby LOL

Posted by Goodkiller > 2014-11-27 21:24 | Report Abuse

We busted alice chong here:

Alice said:

I just want to add several facts with regards to the on going case:
1. Protasco’s allegation against Tey Por Yee and Ooi Kock Aun in their lawsuit are that the two directors try to deceive Protasco and making secret profits by establishing an Indonesian companies (PT Anglo Slavic Utama/ASU and PT Anglo Slavic Indonesia/ASI) and inducing Protasco to buy ASU’s shares in ASI without disclosing that they are the owners of ASU and ASI.

Hangover replied:

Dear Mr Alice Chong,

In the name of all mighty, your boss days are numbered eaten by guilt inch by inch to judgement day. Watch how he rots.

If you wants to quote “facts”, show your underwear like Big Dog does – post a link to the “black and white” facts documents to substance your allegations. Enough lies on “character assassination” in the name of “facts”. Show us you have no balls or else you are man.

Lets open the mask one by one to see the ugly face of MD Chong, the only Executive Director in Mickey Mouse Club House.

1. A) Big lier Mr. Alice, you are so thick face or blind to keep lying in front of Big Dog on what “deceive protasco and making secret profits”?

Your MD Chong “knew and signed a shareholders agreement, knowing the consulting firm may own the rights/mandated or refers deals” for their client (protasco and vendor). So what “deceive and making secret profit”? If any, the one deceive is the one signing, so first to go to jail is MD Chong because he sign such agreement. The more you “deceive Big Dog”, the faster MD Chong goes to jail. Click Big Dog file and slap your own face every time you repeat this lie.

[Refer to our previous posting here which shows Chong as signatories in several agreements]

B) “Establishing indonesia companies and inducing protasco (means MD chong) in buying indonesia asset without telling they are owner of the companies etc.”

The consultants “by the order made by client”, (which is MD Chong and vendor), mandated the business advisory firm to help both of you structure the asset to clean up and fits your country needs, in legitimate way. If you never use business advisory services, don’t talk cock to again “deceive Big Dog” inteligence. Your nonsense would means Goldman Sachs, JP Morgan or even CIMB alike who do corporate structuring are “owners” of their projects? So these advisory firms are “inducing” their clients? They all use “woodoo” to hold your MD chong hand to sign contract, sign cheque? Show SSM share registrar to show if the consultants names are in any of your verbal alegations or not, does what Big Dog does – show document proofs. If no proof, don’t insult Big Dog inteligence here.

Alice alleged:

2. Tey Por Yee’s lawsuit through Kingdom Seekers are vexatious at best because after Dato Chong’s last press conference, Tey finally admits that the RM 10million wired to Dato Chong’s bank account was actually part of a payment for a RM 20million loan received by Tey so he would be able to finalize the purchase of Protasco’s share. Larry also said to media, to the effect that he refused to return the rest RM 10million he owned to Dato Chong.

Hangover replied:

2. Making up nonsense in point 1 still don’t feel shameful enough? Further made up defamation statement quoted “Tey admitted the rm10mil was to repay loan bla bla bla”. Most laughable “he refuse to repay bla bla bla”. Which Disneyland Tabloit did you saw Tey said such nonsense? Master of fact twister, put a link here to proof such report.

The fact is newspaper written that Tey has a loan for one of his company more like “security fund” to ensure that MD Chong don’t play cheat and ensure he fulfill his agreement, which only gets to repay AFTER MD Chong “completed oil asset acquisition”. Which means this is totally seperate dealing from the money MD Chong took, and MD Chong has not completed the oil asset acquisition, repay what? This criminal act if Indonesia told media is true, MD Chong does not know how to cover, pulled two unrelated dealing to match his lies. This is too much. Dare enough to show proof of “loan agreement”, which may imply MD Chong go further straight to jail? If no proof, don’t insult Big Dog further. If know the consequences, shut up or he goes in faster!

Posted by Goodkiller > 2014-11-27 21:25 | Report Abuse

Alice alleged:

4. During a board meeting of Protasco to discuss the issue of SPA’s which resulted in the formation of the investigation committee/IC, Larry Tey vigorously defended ASU.

Hangover replied:

4. Tey as the whistle blower would have told straight forward to the Mickey mouse board members, the lengthen excused by company (MD Chong) to keep delay the due diligence proven asset, and keep adding new terms to a 2 years long deal, would be seen as “intention to not honor a deal”, by common sense if company recklessly set terms beyond industry norms, obviously it would be harmful to company if vendor sue for opportunity cost – it is not uncommon the economic value lost due to Mickey mouse way of handling oil project “all by themselves inside mouse club”, what the rats know about oil?!

Here comes the “burst of ugly face of MD Chong slap wide open the fake mask reveal his true intention”! He just don’t want to honor his words, be it how good the asset is. Why? Because he is a control freak, he does not want to honor his promise to what he signed on shareholders agreement. At the cost of company and at the devil calls to lie to whole world, starting from within his Mickey Mouse club board members!

Alice alleged:

5. The finding of the IC, inter alia, are as follows:

a. Larry Tey first approached Dato Chong in November 2012 through his vehicle, Global Capital Limited to jointly develop an oil and gas project based in Indonesia;

b. Larry Tey and Adrian Ooi are the beneficial owners of: ASU, PT Inovisi, Acclaim Investment Limited, and PT Green Pine (the largest single owners of PT Inovisi).

Hangover replied:

5. This lie goes on, lucky Big Dog busted Mr. Alice ugly face behind the mask:

A. Bingo! IC what? Investigation Committee or Incapable Cocks?

Hello! Shameful enough to post on Big Dog blog, where Big Dog has MD Chong’s shareholders agreement dated 3rd November, 2012 showing all the ugly cries and tears he promised, and here you repeat the lies of “Tey approach chong in November bla bla bla”, then Chong forgot his lie that he told The Sun paper “he don’t know Tey until December 2012. (Read http://www.thesundaily.my/news/1227235) “!?

Lier lier lier. The more lie make up stories to cover his wrong doing and bad intentions, the worst off he lost his credibility. Mr Alice, Copy and paste lies also learn a bit, don’t be so lazy.

B. “Tey and Ooi are Goldman Sachs, CIMB, Genting owners and shareholders bla bla bla”. Oh really? Challenge Big Dog, show black and white SSM share registrar record to prove so. No hard evidence, run for cover or Big Dog will bite your balls off.

Posted by Goodkiller > 2014-11-27 21:26 | Report Abuse

Alice alleged:

6. In view of the findings from the investigations, it became evident that Protasco had been a victim of deception, and fraud by ASU, Larry Tey and Adrian Ooi since neither of them disclosed their personal interest in ASI to the board of directors of Protasco as they are required under the law. In fact, Protasco was wrongly led to believe that the business opportunity to invest in ASI with ASU is undertaken at arms length.

Hangover replied:

6. Here’s the amusing part or jewel of Mickey Mouse Club house IC (incapable cocks) conclusion:
Based on ALL above lies, and an office boy Verbal Lie statement, with zero hard evidence, the Club chairman Latuk Kuching Kurap, Dato Kambing and Mr. hantu concluded “gardener said that Tan Sri rape the gardener is confirm, real, send Syariah court NOW, be stoned today this evening, cannot wait”.

Tan Sri cries “wait, let me explain….”, Latuk Kuching Kurap said “shhhh, Tan Sri, go explain to Your God, after you are stoned in Syariah court. You cannot talk (truth) in Mickey Mouse Club or else board meeting will record (truth), we all Mouseketeer will be shown made mistake, you die better than we die. Shhhh. F off!” Board meeting dismissed.

That’s how corporate governance are conducted and justice are served in Disneyland. Interesting?

Posted by AliceTey > 2014-11-27 21:28 | Report Abuse

y I just want to add several facts with regards to the on going case:

1. Protasco’s allegation against Tey Por Yee and Ooi Kock Aun in their lawsuit are that the two directors try to deceive Protasco and making secret profits by establishing an Indonesian companies (PT Anglo Slavic Utama/ASU and PT Anglo Slavic Indonesia/ASI) and inducing Protasco to buy ASU’s shares in ASI without disclosing that they are the owners of ASU and ASI.

2. Tey Por Yee’s lawsuit through Kingdom Seekers are vexatious at best because after Dato Chong’s last press conference, Tey finally admits that the RM 10million wired to Dato Chong’s bank account was actually part of a payment for a RM 20million loan received by Tey so he would be able to finalize the purchase of Protasco’s share. Larry also said to media, to the effect that he refused to return the rest RM 10million he owed to Dato Chong.

3. It is not that Dato Tan Sri takes side with Dato Chong, but he acted as what he did because Larry Tey/Tey Por Yee failed to produce any documents evidencing Dato Chong’s wrongdoing when he was given chance to during the board meetings.

4. The website http://www.angloslavic.com is registered under Abamon Technology Sdn Bhd who shares the same address as Nextnation Communication Berhad, the former name of Nexgram, where Tey and Ooi are substantial shareholders. Abamon is wholly owned by PT Inovisi through Code Wireless PTE LTD.

5. PT Green Pine who owned 60% of PT Inovisi’s shares is an alter ego of Tey Por Yee and Ooi Cock Aun. PT Inovisi is the subject matter of security.

6. Modern Profit LTD, a company owned by Tey Por Chen, the brother of Tey Por Yee is a subsidiary of PT Inovisi.

7. Ooi Cock Aun is a finance director of PT Inovisi.

8. The sole director of Acclaim is Lim Sue Fern, the wife of See Poh Yee who held substantial shares in Nexgram and together with Tey Por Yee graduated from the University of Manitoba, Canada, 1998. Acclaim is the third party security provider.

9. Tey Por Yee, Tey Por Chen, See Poh Yee are the founders of Nexgram and all of them currently offloading their Nexgram’s shares to the market. Nexgram’s directors resigned when Protasco filed it lawsuit against Tey and Ooi.

10. Protasco has lodged two lawsuits against Tey and Ooi, the first for contempt of court on grounds of tempering with witness, second for Ooi’s attempts to make secret profits from Protasco’s dealing with PT Goldchild Integritas Abadi, which should be add is another alter ego ofTey and Ooi.

11. Gideon Tan, lawyers for Tey and Ooi has discharged himself, meaning that he don't believe in his clients' case.

All of the above informations can be obtained by googling.

That being said, I found that the one who is without integrity is Larry Tey Por Yee and Adrian Ooi Kock Aun.

Facts giving rise to the case:

1. On November 2012, Tey Por Yee brought a potential investment opportunity to Protasco, which involve the purchase of 76% shares of the total issued share capital of ASI. ASI owned and controlled 49% of PT Firman Andalan Sakti/FAS which owned 70% of PT Hase Bumou Aceh/Haseba.. Haseba had entered into a partnership agreement with PT Pertamina to develop and produce oil and gas in the Aceh Province, Indonesia (the “Project”).

2. Protasco entered into a sale and purchase agreement with ASU for the acquisition of 76% of the share capital of ASI amounting to USD 55million (“SPA”). Pursuant to the SPA, Protasco deposit amount of RM 50million to ASU’s account.

3. Due to significant material discoveries made through the Due Dilligence, Protasco secured a reduction to the purchase price and signed the Amended and Restated Sale and Purchase Agreement. Some Conditions Precedents were not fulfilled on the side of ASU because it is actually not attainable.

4. During a board meeting of Protasco to discuss the issue of SPA’s which resulted in the formation of the investigation committee/IC, Larry Tey vigorously defended ASU.

5. The finding of the IC, inter alia, are as follows:
a. Larry Tey first approached Dato Chong in November 2012 through his vehicle, Global Capital Limited to jointly develop an oil and gas project based in Indonesia;
b. Larry Tey and Adrian Ooi are the beneficial owners of: ASU, PT Inovisi, Acclaim Investment Limited, and PT Green Pine (the largest single owners of PT Inovisi).

6. In view of the findings from the investigations, it became evident that Protasco had been a victim of deception, and fraud by ASU, Larry Tey and Adrian Ooi since neither of them disclosed their personal interest in ASI to the board of directors of Protasco as they are required unde rthe law. In fact, Protasco was wrongly led to believe that the business opportunity to inv

Posted by Abdul Rahim > 2014-11-27 21:29 | Report Abuse

Just ignore...bla.ba.bla won't finish until either one poncit....
and it does not help anything.
Ok..tired...take rest

Posted by AliceTey > 2014-11-27 21:30 | Report Abuse

y I just want to add several facts with regards to the on going case:

1. Protasco’s allegation against Tey Por Yee and Ooi Kock Aun in their lawsuit are that the two directors try to deceive Protasco and making secret profits by establishing an Indonesian companies (PT Anglo Slavic Utama/ASU and PT Anglo Slavic Indonesia/ASI) and inducing Protasco to buy ASU’s shares in ASI without disclosing that they are the owners of ASU and ASI.

2. Tey Por Yee’s lawsuit through Kingdom Seekers are vexatious at best because after Dato Chong’s last press conference, Tey finally admits that the RM 10million wired to Dato Chong’s bank account was actually part of a payment for a RM 20million loan received by Tey so he would be able to finalize the purchase of Protasco’s share. Larry also said to media, to the effect that he refused to return the rest RM 10million he owed to Dato Chong.

3. It is not that Dato Tan Sri takes side with Dato Chong, but he acted as what he did because Larry Tey/Tey Por Yee failed to produce any documents evidencing Dato Chong’s wrongdoing when he was given chance to during the board meetings.

4. The website http://www.angloslavic.com is registered under Abamon Technology Sdn Bhd who shares the same address as Nextnation Communication Berhad, the former name of Nexgram, where Tey and Ooi are substantial shareholders. Abamon is wholly owned by PT Inovisi through Code Wireless PTE LTD.

5. PT Green Pine who owned 60% of PT Inovisi’s shares is an alter ego of Tey Por Yee and Ooi Cock Aun. PT Inovisi is the subject matter of security.

6. Modern Profit LTD, a company owned by Tey Por Chen, the brother of Tey Por Yee is a subsidiary of PT Inovisi.

7. Ooi Cock Aun is a finance director of PT Inovisi.

8. The sole director of Acclaim is Lim Sue Fern, the wife of See Poh Yee who held substantial shares in Nexgram and together with Tey Por Yee graduated from the University of Manitoba, Canada, 1998. Acclaim is the third party security provider.

9. Tey Por Yee, Tey Por Chen, See Poh Yee are the founders of Nexgram and all of them currently offloading their Nexgram’s shares to the market. Nexgram’s directors resigned when Protasco filed it lawsuit against Tey and Ooi.

10. Protasco has lodged two lawsuits against Tey and Ooi, the first for contempt of court on grounds of tempering with witness, second for Ooi’s attempts to make secret profits from Protasco’s dealing with PT Goldchild Integritas Abadi, which should be add is another alter ego ofTey and Ooi.

11. Gideon Tan, lawyers for Tey and Ooi has discharged himself, meaning that he don't believe in his clients' case.

All of the above informations can be obtained by googling.

That being said, I found that the one who is without integrity is Larry Tey Por Yee and Adrian Ooi Kock Aun.

Facts giving rise to the case:

1. On November 2012, Tey Por Yee brought a potential investment opportunity to Protasco, which involve the purchase of 76% shares of the total issued share capital of ASI. ASI owned and controlled 49% of PT Firman Andalan Sakti/FAS which owned 70% of PT Hase Bumou Aceh/Haseba.. Haseba had entered into a partnership agreement with PT Pertamina to develop and produce oil and gas in the Aceh Province, Indonesia (the “Project”).

2. Protasco entered into a sale and purchase agreement with ASU for the acquisition of 76% of the share capital of ASI amounting to USD 55million (“SPA”). Pursuant to the SPA, Protasco deposit amount of RM 50million to ASU’s account.

3. Due to significant material discoveries made through the Due Dilligence, Protasco secured a reduction to the purchase price and signed the Amended and Restated Sale and Purchase Agreement. Some Conditions Precedents were not fulfilled on the side of ASU because it is actually not attainable.

4. During a board meeting of Protasco to discuss the issue of SPA’s which resulted in the formation of the investigation committee/IC, Larry Tey vigorously defended ASU.

5. The finding of the IC, inter alia, are as follows:
a. Larry Tey first approached Dato Chong in November 2012 through his vehicle, Global Capital Limited to jointly develop an oil and gas project based in Indonesia;
b. Larry Tey and Adrian Ooi are the beneficial owners of: ASU, PT Inovisi, Acclaim Investment Limited, and PT Green Pine (the largest single owners of PT Inovisi).

6. In view of the findings from the investigations, it became evident that Protasco had been a victim of deception, and fraud by ASU, Larry Tey and Adrian Ooi since neither of them disclosed their personal interest in ASI to the board of directors of Protasco as they are required unde rthe law. In fact, Protasco was wrongly led to believe that the business opportunity to inv

Posted by Antz > 2014-11-27 21:37 | Report Abuse

Why tired? He is protecting his father and his future, we are just win or loss small amount of money only.

Posted by AliceTey > 2014-11-27 21:38 | Report Abuse

TPY is a lousy strategist, and his demise will be because of his dreadful strategy...for example, serving the injunction order at the door of EGMs to maximise the element of surprise is a really terrible idea because he successfully make the voters to hate him because the voters believe that their precious time is wasted because of TPY's theatricality, and he should know the golden rule: you should never irritates your voters.

Posted by Antz > 2014-11-27 21:40 | Report Abuse

Kesian

Posted by dreamaker > 2014-11-27 21:41 | Report Abuse

Please .. Enough for copy & paste ...

Posted by AliceTey > 2014-11-27 21:45 | Report Abuse

@dream, you should ask your friends to stop copy-pasting...they start it first.

@antz, Tey Por Yee is not my father mah.....aioooooo silly boy...

Posted by Antz > 2014-11-27 21:46 | Report Abuse

可怜的孩子

Posted by AliceTey > 2014-11-27 21:52 | Report Abuse

@antz, ni male ge bi LOL LOL

Posted by Fam Jenny > 2014-11-27 21:52 | Report Abuse

AliceTeh,we are glad they terminate the jv project with Protasco,completely break off without indoor fighting in Nexgram

Posted by Antz > 2014-11-27 22:05 | Report Abuse

Exactly...塞翁失马、焉知非福

Posted by Antz > 2014-11-27 22:06 | Report Abuse

Now I hope TPY loss tomorrow

Posted by juinming0304 > 2014-11-27 22:57 | Report Abuse

y I just want to add several facts with regards to the on going case:

1. Protasco’s allegation against Tey Por Yee and Ooi Kock Aun in their lawsuit are that the two directors try to deceive Protasco and making secret profits by establishing an Indonesian companies (PT Anglo Slavic Utama/ASU and PT Anglo Slavic Indonesia/ASI) and inducing Protasco to buy ASU’s shares in ASI without disclosing that they are the owners of ASU and ASI.

2. Tey Por Yee’s lawsuit through Kingdom Seekers are vexatious at best because after Dato Chong’s last press conference, Tey finally admits that the RM 10million wired to Dato Chong’s bank account was actually part of a payment for a RM 20million loan received by Tey so he would be able to finalize the purchase of Protasco’s share. Larry also said to media, to the effect that he refused to return the rest RM 10million he owed to Dato Chong.

3. It is not that Dato Tan Sri takes side with Dato Chong, but he acted as what he did because Larry Tey/Tey Por Yee failed to produce any documents evidencing Dato Chong’s wrongdoing when he was given chance to during the board meetings.

4. The website http://www.angloslavic.com is registered under Abamon Technology Sdn Bhd who shares the same address as Nextnation Communication Berhad, the former name of Nexgram, where Tey and Ooi are substantial shareholders. Abamon is wholly owned by PT Inovisi through Code Wireless PTE LTD.

5. PT Green Pine who owned 60% of PT Inovisi’s shares is an alter ego of Tey Por Yee and Ooi Cock Aun. PT Inovisi is the subject matter of security.

6. Modern Profit LTD, a company owned by Tey Por Chen, the brother of Tey Por Yee is a subsidiary of PT Inovisi.

7. Ooi Cock Aun is a finance director of PT Inovisi.

8. The sole director of Acclaim is Lim Sue Fern, the wife of See Poh Yee who held substantial shares in Nexgram and together with Tey Por Yee graduated from the University of Manitoba, Canada, 1998. Acclaim is the third party security provider.

9. Tey Por Yee, Tey Por Chen, See Poh Yee are the founders of Nexgram and all of them currently offloading their Nexgram’s shares to the market. Nexgram’s directors resigned when Protasco filed it lawsuit against Tey and Ooi.

10. Protasco has lodged two lawsuits against Tey and Ooi, the first for contempt of court on grounds of tempering with witness, second for Ooi’s attempts to make secret profits from Protasco’s dealing with PT Goldchild Integritas Abadi, which should be add is another alter ego ofTey and Ooi.

11. Gideon Tan, lawyers for Tey and Ooi has discharged himself, meaning that he don't believe in his clients' case.

All of the above informations can be obtained by googling.

That being said, I found that the one who is without integrity is Larry Tey Por Yee and Adrian Ooi Kock Aun.

Facts giving rise to the case:

1. On November 2012, Tey Por Yee brought a potential investment opportunity to Protasco, which involve the purchase of 76% shares of the total issued share capital of ASI. ASI owned and controlled 49% of PT Firman Andalan Sakti/FAS which owned 70% of PT Hase Bumou Aceh/Haseba.. Haseba had entered into a partnership agreement with PT Pertamina to develop and produce oil and gas in the Aceh Province, Indonesia (the “Project”).

2. Protasco entered into a sale and purchase agreement with ASU for the acquisition of 76% of the share capital of ASI amounting to USD 55million (“SPA”). Pursuant to the SPA, Protasco deposit amount of RM 50million to ASU’s account.

3. Due to significant material discoveries made through the Due Dilligence, Protasco secured a reduction to the purchase price and signed the Amended and Restated Sale and Purchase Agreement. Some Conditions Precedents were not fulfilled on the side of ASU because it is actually not attainable.

4. During a board meeting of Protasco to discuss the issue of SPA’s which resulted in the formation of the investigation committee/IC, Larry Tey vigorously defended ASU.

5. The finding of the IC, inter alia, are as follows:
a. Larry Tey first approached Dato Chong in November 2012 through his vehicle, Global Capital Limited to jointly develop an oil and gas project based in Indonesia;
b. Larry Tey and Adrian Ooi are the beneficial owners of: ASU, PT Inovisi, Acclaim Investment Limited, and PT Green Pine (the largest single owners of PT Inovisi).

6. In view of the findings from the investigations, it became evident that Protasco had been a victim of deception, and fraud by ASU, Larry Tey and Adrian Ooi since neither of them disclosed their personal interest in ASI to the board of directors of Protasco as they are required unde rthe law. In fact, Protasco was wrongly led to believe that the business opportunity to inv

Posted by Antz > 2014-11-27 23:10 | Report Abuse

Don't support TPY tomorrow...ask him to sell all the pt shares and go back to Ng

Posted by 86868 > 2014-11-27 23:13 | Report Abuse

Yeah...TPY naughty boy.....Tell him to sell all Protasco Shares and Push Up NG again......

Posted by 86868 > 2014-11-27 23:27 | Report Abuse

Both Naughty Boy........Sell you Protasco shares and Buy Back NG Shares


Tey Por Yee 44,649,015 13.36 (Direct)
14,500,000 4.34 (Indirect)

Ooi Kock Aun 12,492,000 3.74 (Direct)

Posted by Antz > 2014-11-27 23:30 | Report Abuse

TPY, 95% of share holders on Protasco do not suppprt you...why still want to stay. Go back to NG take care of your supporters.

Posted by 86868 > 2014-11-27 23:37 | Report Abuse

Both combine are holding 71,641,015 Protasco shares = RM 118 million.....Just sell Protasco shares and buy back NG shares

Posted by Antz > 2014-11-27 23:38 | Report Abuse

TPY....In Nexgram, we 100% support you ;)

Posted by 86868 > 2014-11-27 23:41 | Report Abuse

Yes TPY.. We support you 1000 %.....After you sell your Protasco shres...Give us some dividend lah.....Haiyaa.

Posted by Antz > 2014-11-27 23:42 | Report Abuse

Pls come home TPY & OKA

Posted by 86868 > 2014-11-27 23:44 | Report Abuse

Yeah ...Both of you are not wanted in Protasco ...Sell all 71,641,015 Protasco shares = RM 118 million......Bring the money back home.....Don't be stupid.......

Posted by Antz > 2014-11-27 23:44 | Report Abuse

TPY OKA不要失了夫人又折兵，两头不到岸

Posted by Antz > 2014-11-27 23:52 | Report Abuse

Bing....tell him we need them here eventhough Protasco abandoned them.

Posted by bing > 2014-11-27 23:52 | Report Abuse

I just hope them are good & healthy! And remember us at Nexgram!

Posted by Antz > 2014-11-27 23:53 | Report Abuse

After egm today, they should know what to do already.

Posted by bing > 2014-11-27 23:55 | Report Abuse

Typo..not our..

Posted by Antz > 2014-11-27 23:56 | Report Abuse

I see....but they are smart..they know what to do next. They won't abandon Nexgram...dont worry.

Posted by bing > 2014-11-28 00:00 | Report Abuse

We hometown peoples adi support your company share you know?

Posted by Antz > 2014-11-28 00:02 | Report Abuse

Yeah...OKA. don't disappointed hometown supporters.

Posted by Antz > 2014-11-28 00:03 | Report Abuse

Shouldn't let hometown supporter loss their hard earned money becouse supporting you.

Posted by bing > 2014-11-28 00:04 | Report Abuse

That's all I want to say.

Posted by bing > 2014-11-28 00:04 | Report Abuse

Antz, rest liao, good night!

Posted by Antz > 2014-11-28 00:05 | Report Abuse

Bing. Goodnite