Antz If you want to stop him...like how people in other forum did...report abuse on every comment he posted. Then he will be dissappeared. 28/11/2014 12:41
Antz, but if me, I won't offload the share. I only hoping to seek money at there! I could sell all time high! And then just acquire others the mainly are Nexgram!
@Marina...I was just quoting you. Anyways I neither happy or angry...just sad to see this cycle of suffering repeated.Not just TPY but the collateral damage. eg:opportunity costs and now weak sentiment.
you need to think before sell....TPY dispose also good(we will have new buyer)....buyback also good.....price drop because of panic selling by retailer...relax la....biasalah...ramai jual harga jatuh....esok lusa sudah stabil...ada good news naikla balik....
KAJANG (Nov 27): Shareholders of Protasco Bhd today voted to remove two non-executive directors namely Tey Por Yee and Ooi Kock Aun from the board at its extraordinary general meeting (EGM), which was adjourned from yesterday.
The poll results of the EGM showed 170.43 million shares or 95% of votes cast were in favour of the proposed resolutions to remove Tey and Ooi, while 7.73 million shares or 5% voted against.
The EGM was requisitioned by two shareholders, Tan Heng Kui and UOBM (Tempatan) Sdn Bhd, who hold an 8.99% and 1.75% stake in the engineering firm respectively.
Protasco group managing director Datuk Seri Chong Ket Pen said the group's immediate priority is to recover the US$27 million in monies paid by it for a botched investment in an Indonesian oil and gas play.
"After resolving the (boardroom) tussle, the main focus is to recover the sum of money we paid for the Indonesian investment via legal proceedings," he told reporters after the EGM.
Still, Chong has yet another EGM to face tomorrow (Nov 28), which has been requisioned by Tey and Ooi, this time, to remove Chong from Protasco's board.
On this, Chong said he will attend the meeting and will not apply to the court for an injunction against anyone from voting, indirectly hitting out at Tey and Ooi who had earlier obtained an ex-parte injunction to prevent Protasco's shareholders namely Chong, Tan and UOBM from voting at today's EGM.
"I believe shareholders will give us the confident and the same support as in today's EGM," said Chong.
"I have been working in the company for 20 years and has established trust with the shareholders," he added.
Earlier, Tey and Ooi walked out of the EGM after the Kuala Lumpur High Court lifted an injunction and allowed Chong, Tan and UOBM to vote on the proposed resolutions to remove the duo.
Tey told reporters after the meeting that he will appeal against the lifting of the injunction.
Tey said he and Ooi refused to vote in the EGM that was "tainted with illegality".
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....
Fam Jenny
7,724 posts
Posted by Fam Jenny > 2014-11-28 12:38 | Report Abuse
Correction:i3investors should ban.....