Posted by eddieyeo > 2016-01-19 07:43 | Report Abuse

Chong ket pen workd with JKR, when his boss reverse take over Ikram, means chong ket pen owns JKR? So RPT undeclared?

Posted by eddieyeo > 2016-01-19 07:47 | Report Abuse

Chong ket pen signed the 3 Nov 2012 agreement, and sign statutory declaration saying he has no interest in oil deal. That is direct lie to the SD, and cheating his investors Tey and Ooi to buy Protasco, later use unrelated stories to play then out and eat them. Worst, made up and disturb their clients and investments companies. Where they work doesn't mean they owns it. So easy to work in bank and owns the bank? What bull sht allegation? Also what is this got to do with facts, Chong is lying and cheating wanting to eat people?

Posted by eddieyeo > 2016-01-19 07:50 | Report Abuse

Chong bribe authority and made up all these perception, by making thusands of investor suffer. Those with clear mind would see the tricks. N investors would see the company fundamental strong, and owner with heart stays strong and make sure company is safe, investors and stafs are well taken care of and then sacrify himself and take the hit himself from the devil. No matter what pies alice chong trying to pull unrelated made up stories to cover up chong wrong doing, facts won't run. Spam anyone also knows.

Posted by eddieyeo > 2016-01-19 07:51 | Report Abuse

Well planned succession redesignated Alan How as CEO, Nexgram's Tey retired a strong warrior.
Author: FutureTrain | Publish date: Mon, 18 Jan 2016, 09:21 AM

Kuala Lumpur 14 Jan 2016: Nexgram Holdings Bhd has announced the redesignation of former Executive Director cum CEO of property, Mr Alan How Han Lun as its Interim chief executive officer (CEO) effective Jan 14, a natural succession plan where Alan was appointed as executive director since September 2014. Another experienced corporate director, Chen Chuan Sum was also appointed to the board earlier.

The former CEO, Dato' Tey Por Yee had retired after he successfully lays down clear business plans and strong management team, and stands strong until all stakeholders’ interest are well protected before his departure.

"Dato' Tey's persistence effort which put minority shareholders and employees’ future on top of his own priority and took his personal hit on dubious corporate fight at his personal capacity, is respectably a strong corporate warrior. The investment community pay highest respect to this young entrepreneur which put everyone else interest ahead of his own." commented a senior banker.

A senior journalist which spends effort to study the matters, "Dato' Tey put trust on professionals to run companies he invested in, and sadly one out of dozens of his investments, there is one company CEO which market believe sets him up and put a blame for personal cover up in order to take control of the company. Dato' Tey stands strong and makes sure everyone is safe, especially the mom and opo public shareholders, and then he takes the hit himself. Not like his counterpart which does exactly the opposite. Respect such professionalism and business ethic, as a responsible businessman. Outstanding".

According to Nexgram press release, since Dato Larry’s return to Malaysia corporate scene in year 2012, the small company has turned around and diversified to include property development, security surveillance, and other growth businesses. The company had gone through a series of on-going restructuring and pose to prepare for new growth.

Nexgram investors would look back few years later and appreciate what this legendary businessman had put in place a growth engine for his stakeholders.

Posted by eddieyeo > 2016-01-19 07:53 | Report Abuse

5minutes anyone can open a public internet account. Here is one for Dato Tey
https://www.linkedin.com/in/dato-larry-tey-por-yee-ba4283b6
So which one real? And most important, so "what"? It's doesnt cover up chong lies, cheat and wrong doing.

Posted by eddieyeo > 2016-01-19 07:56 | Report Abuse

Here is another oneabout Dato Tey
https://www.linkedin.com/in/por-yee-sir-larry-tey-5b732b100

Diu. Spam lies trying to cover up. Trying to sabotage oulbic company using lies? Cheap old man. Market short term world wide stock market also drop lah. N drop 1c, Protasco drop 3c, so Protasco more trouble? Bull sht.

Posted by eddieyeo > 2016-01-19 07:58 | Report Abuse

Internet you believe? Here is chong ket pen story.
https://protascosue.wordpress.com
And here also
http://anotherbrickinwall.blogspot.my/2014/11/more-than-meet-eyes-ii.html

Posted by eddieyeo > 2016-01-19 07:59 | Report Abuse

Wah this one more exciting.
http://www.rockybru.com.my/2014/11/dd-tun-d-due-d-and-double-d-day-at.html

Posted by eddieyeo > 2016-01-19 08:01 | Report Abuse

Here is another one. So many lies of chong ket pen. So what? All his internet news no matrer how twist, the fact is the fact. He cannot cover up just by attack his own investors.
http://anotherbrickinwall.blogspot.my/2014/11/why-spend-rm97-million-to-cheat-company.html

Posted by ChongAgain > 2016-01-19 08:30 | Report Abuse

Here is more interesting. Chong ket pen and staffs right in the middle of protasco took interest to help chong pays his shares in protasco:
PETALING JAYA: One of the embattled directors of Protasco Bhd Tey Por Yee has responded to the suit filed against him by Protasco with a counter suit claiming failure by management of the company to exercise their authority for the benefit of the company.

Tey, suing in a representative capacity on behalf and for the benefit of Protasco, is alleging that Protasco's senior management had made RM10 million in secret profits from the aborted PT Anglo Slavic Indonesia (PT ASI) deal and is suing to recover the said amount.

Protasco's vice chairman and managing director Datuk Seri Chong Ket Pen, Edward Khoo Mong Wei, Lim Yew Ting, Low Kian Seng, Khor Hooi Ling, Kenny Chong Ther Nen, as well as Protasco and RS Maha Niaga Sdn Bhd are all named in the suit by Tey and Ooi.

Tey, speaking in the presence of his lawyer at a press conference yesterday, said that he had discovered evidence of a money trail where monies paid by Protasco for the proposed acquisition of PT ASI was flowed through two layers of companies before a RM10 million cheque was drawn and paid to benefit RS Maha Niaga Sdn Bhd's account with United Overseas Bank (M) Bhd in early 2013.

Ooi Kock Aun, the other party being sued by Protasco was not present at the press conference and is not part of the suit filed by Tey though his company Kingdom Seeker Ventures Sdn Bhd (KSV).

According to Tey, PT Anglo Slavic Utama (PT ASU) vide its lawyers cited that the RM10 million was Chong's financial gain from two contracts, which are related to the takeover of an oil deal and bitumen and coal trading with Indonesian companies.

Filings with the Companies Commission of Malaysia show that Khoo and Lim are the shareholders of RS Maha Niaga.

In a statement released later in the evening in response to Tey's statement, Chong denied the allegation made by Tey and said he will be lodging a police report on the claims made by Tey.

Back in December 28, 2012, Protasco entered into an agreement to acquire some stake in PT Anglo Slavic Indonesia (PT ASI) from PT ASU, in a move to venture into the oil and gas business. However, the deal fell through last August when Protasco decided to terminate the deal.

Tey, who himself is sought to be removed by substantial shareholders in Protasco, meanwhile said he will call for an EGM at the end of November or early December to remove Chong.

Tey, who owns a 18% stake in Protasco through KSV, plans to present the evidence he has gathered against Chong to shareholders at the EGM.

"We're (Tey and Ooi) are being made the scapegoat to cover this major breach of shareholders' trust," he told a media briefing here yesterday.

Tey pointed out that as soon as he discovered the evidence of money trail, he had called for an emergency board meeting on Monday to present the facts and evidence of the wrongdoing and ask for the board to take action.

The company's chairman Tan Sri Hadenan Abdul Jalil however informed Tey vide a letter that the meeting would instead be held this Friday.

In a separate statement to rebut Tey's claims, Protasco explained that the postponement of the meeting is in view of its importance to enable all board members to attend.

On Monday Protasco received notice from its shareholders, UOBM Nominees (Tempatan) Sdn Bhd and Tan Heng Kui who collectively hold a 10.51%, to call for an EGM to remove Tey and Ooi.

Tey and Ooi are currently being sued by Protasco for breach of fiduciary duties, involving a claim of US$27 million (RM88 million) in damages for fraud and conspiracy over the PT ASI takeover deal.

Share price of the construction and property development firm closed 4 sen lower to RM1.60 yesterday.

- See more at: http://m.thesundaily.my/node/278735#sthash.ifkaRC5N.dpuf

Posted by ChongAgain > 2016-01-19 09:17 | Report Abuse

Wah. Larry tey owns bank of america! No wonder! LOLLOL
https://www.linkedin.com/in/larry-tey-5b9b047

Posted by DRwarrant > 2016-01-19 09:35 | Report Abuse

GLOOOOOOMY outlook before NEXGRAM to be DELISTED due to con TPY !

Posted by DRwarrant > 2016-01-19 09:50 | Report Abuse

SG999 now warded at Tanjong Rambut Hosp... EJSaham shiveringgggg 24 hours !

Posted by Ejsaham > 2016-01-19 10:16 | Report Abuse

sudah kaya ka...hihi

Posted by tklim > 2016-01-19 10:28 | Report Abuse

how?.....can buy kah?....ha...ha..ha...

Posted by DRwarrant > 2016-01-19 10:38 | Report Abuse

HIGH TIME TO BE GREEEEEEEEEEEEEEDY ? $$$$$$$

Posted by DRwarrant > 2016-01-19 10:55 | Report Abuse

OPPORTUNITIES NOWWWWWWWWWWWWW $$$$$$$$$$$

Posted by DRwarrant > 2016-01-19 10:59 | Report Abuse

psssttt...just to do the reverse psicology to frightened EJsaham & SG999 especially.....

Posted by Ejsaham > 2016-01-19 11:10 | Report Abuse

takde good news mcm mana mau beli

Posted by alicetey > 2016-01-19 11:13 | Report Abuse

LOL LOL LOL... now that what i call spams and junks look like the slaves of tey siao lan and ooi ah kua tried to bury down my post that show how tey puki and ooi chee bye make the life of indonesian who invests their money in pt inovisi (tey and ooi's flagship company) miserable and screwed the indonesian blindly....

Firstly, my source came from the interview conducted by ooi kock aun and an indonesian media which part of MNC Group, one of the largest media conglomerate which ooi admitted that he is the owner of pt inovisi. My source on nexgram "perculiar disposal of it assets" also came from malaysian sc and respected newspapers. How can you compare that with a blogs wrote by anonymous? LOL LOL

Secondly, my other source came from an indonesian message board just like this one which members are ordinary small investors. You can verify what they said about inovisi by registering the sites. Can you do that with the blogs written by anonymous? LOL LOL

Thirdly, even if tpy have created dozens linkedin account it does not erase the fact that in one of his account he admitted that he is part of green pine, the controlling shareholders of inovisi. And obviously i happen to have larry's greenpine email address. Can you cross checking any of the "facts" contained in the anonymous made blogs? LOL LOL

Last but not least, I would carry around that kingdom seekers suit if i were you since Gideon Tan, the drafter of the suit has admitted that the 10million received by Tey is not a kick back but a loan for him to finalize the purchase of stakes in protasco LOL LOL LOL

Almost forgot: cut losss nowww!!!

Nexgram is doomeeedd LOL LOL

Posted by alicetey > 2016-01-19 11:16 | Report Abuse

Tuesday, 19 January 2016
Probe deepens on Nexgram

BY RISEN JAYASEELAN

Action taken will depend on findings of the investigation

PETALING JAYA: Following the unprecedented action by the Securities Commission (SC) to disclose questionable actions by Nexgram Holdings Bhd, the regulator’s next course of action is a thorough investigation into the money trail relating to the RM84.5mil cash balance that had previously existed in the company, sources said.

This investigation will entail, among others, answers from directors, advisors and auditors of Nexgram, which is involved in software and property.

It is learnt that the authorities are looking at the dealings involving three subsidiaries of Nexgram and if the decision to divest them went to the board.

“The three subsidiaries were already the subject of investigations by the authorities in the capital markets. Knowing that, how did the planned divestments get done?” asked a corporate lawyer. The type of action taken will depend on the findings of the investigation by the regulators.

To recap, last Friday, the SC invoked its powers under Section 217(4)(b) of the Capital Markets and Services Act 2007 (CMSA) by issuing a public statement in relation to a proposed takeover of Ire-Tex Corp Bhd by Nexgram, to be funded by the latter’s shares.

The SC’s concerns had related to the value of the assets of Nexgram, noting that the actions of Nexgram to dispose of some of its subsidiary companies “delays and obstructs the ongoing enquiries by the SC and Bursa Malaysia.”

According to sources, both the SC and Bursa had concerns about Nexgram, following the latter’s service of its notice to takeover Ire-Tex last November.

At some point in their investigations, both regulators agreed that there were sufficient grounds for Bursa to require Nexgram to provide verification on the existence of certain assets belonging to these subsidiaries.

It is also understood that as part of the initial investigation into Nexgram, the SC and Bursa had met with the advisors and a representative of the board of Nexgram to request the verification of certain alleged bank balances by an independent accountant.

The trigger point for the SC to take action under Section 217 of the CMSA was the company’s decision to dispose the relevant subsidiaries.

The type of actions of the regulators in this case will depend on when the outcome of their investigations are, which is also a complicated matter as it involves bank accounts and other transactions in Indonesia.

Depending on the timing of the findings, the SC could file for an injunction to stop the offer from proceeding or leave the offer to lapse. This is because Bursa has already notified Nexgram through its advisors that it will not clear the circular to shareholders and thus an EGM cannot be held for Nexgram shareholders to vote on matter, and this in turn would lead to the offer lapsing.

“The combined efforts of the SC and Bursa are ensuring that the shareholders of the target company, namely Ire-Tex, are not in danger of receiving payment in shares that may have a questionable value,” explained the corporate lawyer.

The SC raised eyebrows at the value of Nexgram that was sitting on a cash balance of RM84.5mil as at April 30, 2014. Its accounts showed that in the following financial year, most of that cash looked like it had been converted into inventories.

The company could have used the cash to purchase inventories, indicative by the accounts which showed inventories move from zero to RM89.8mil as at 2015. At the same time, cash balances fell to RM31.1mil. Sources said the SC’s enquiries could have centred around the paper and cashtrail of how those inventories were built up.

The case involving Nexgram has drawn attention to one businessman in particular, Datuk Tey Por Yee, who on Jan 14, resigned as executive director to “pursue his personal interest and goals”. Since his resignation, Nexgram has six directors left sitting on its board.

The rare statement by the SC sent Nexgram’s shares reeling to as low as 7.5 sen yesterday, representing an 11.76% drop.

The stock saw 34.5 million shares exchange hands. The shares closed at 8.5 sen last Friday.

Tey was also involved in the Protasco Bhd boardroom tussle, which saw him together with director Ooi Kock Aun voted out of the board at an EGM.

This came after allegations of a questionable investment in an Indonesian oil and gas company.

Meanwhile, in a related development, Nexgram shed some additional details about its plans to sell its entire 69.6% stake in Godynamic Investmentd Ltd for RM34.8mil on Jan 12.

This was in response to a query by the stock exchange.

Nexgram said while proceeds from the disposal would be used to pay for the 51% stake in Transeaways Shipping Sdn Bhd, which was announced on Jan 14, the company was “unable to quantify the exact amount” to be utilised for the planned acquisition.

-----

Unprecedented action by the sc? Walaw, so scary LOL LOL LOL

Posted by sushibboy > 2016-01-19 11:42 | Report Abuse

no hope stock, throw only, buy something else

Posted by DRwarrant > 2016-01-19 11:48 | Report Abuse

COMINGGGGGGGGGGGGGGGGGGGGGGGGG again $$$$$$$$$

Posted by DRwarrant > 2016-01-19 11:49 | Report Abuse

ATTACCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK $$$$$$$$

Posted by ChongAgain > 2016-01-19 11:49 | Report Abuse

Keep coming. Chong tricks.

Posted by ChongAgain > 2016-01-19 11:50 | Report Abuse

Chong insider trading. Talk so much also no use

Posted by DRwarrant > 2016-01-19 11:51 | Report Abuse

further COMINGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG $$$$$$$$$$$
10 SEN again $$$$$$$$$$$$$$$$$$$$$$$$$$$$

Posted by ssboy > 2016-01-19 11:54 | Report Abuse

Further comingggggggggggg....5c....died...

Posted by DRwarrant > 2016-01-19 11:54 | Report Abuse

COMINGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG $$$$$$$$$$$$$$$$$$$$$

Posted by tklim > 2016-01-19 11:55 | Report Abuse

aiyooooo...can touch 0.0005 kah?.....ha...ha..ha

Posted by tklim > 2016-01-19 11:59 | Report Abuse

govt housing project what happen?....1 mdb land stiil want to buy kah?....ha...ha...ha

Posted by alicetey > 2016-01-19 12:06 | Report Abuse

See what I told you is coming true, the share start falling over LOL LOL LOL

Posted by ssboy > 2016-01-19 12:12 | Report Abuse

Alicetey chicken..dont waste your time making story here....

Posted by ChongAgain > 2016-01-19 12:25 | Report Abuse

Alice chong ket pen you still got share meh? Sell lor.
Chong ket pen your father spend so much protasco money trying to cover up his mistakes and put blame on his partner who helped him. Nexgram business is as solid as rock, doesnt rely on government contract like chong on protasco, which are left over by his ex boss.

Posted by ChongAgain > 2016-01-19 12:27 | Report Abuse

Got missing cash meh? All solid businesses. Any old projects empty companies all closed. Like that also can made up story. Bollywood actor chong ket pen really fool small investors.

Posted by ChongAgain > 2016-01-19 12:30 | Report Abuse

Missing cash is chong ket pen in protasco. Bribe and pay for all bollywood production cost!!!
Wah!! A lot of money gone!
http://protascopolicescam.blogspot.com/?m=1
Wou!! Tens of millions production fee burn!
http://syndicatedscam.blogspot.my/2015/09/wintoni-group-demand-sp-setia-yap-kok.html?m=1

Posted by fatdatlo > 2016-01-19 12:39 | Report Abuse

One particular commentator here will be traced &" sued by CKP..., I heard.

Posted by nich0las > 2016-01-19 13:00 | Report Abuse

Why all Tey Por Yee share drop like hell? That wintoni what happend? Suspend liao kah? Tey Por Yee orang kaya, tapi buat sampai ini, itu company habis semua.

Posted by alicetey > 2016-01-19 13:09 | Report Abuse

LOL LOL LOL....still cannot answer how my valid source can be compared with blogs setup by tey puki and ooi chee bye? LOL LOL

Nexgram is falling down, falling down...nexgram is falling down falling down....

Posted by Ejsaham > 2016-01-19 13:18 | Report Abuse

i notice..when price going down alice in the picture...

Posted by alicetey > 2016-01-19 13:54 | Report Abuse

Tey por yee, gan lu zap pui dai LOL LOL LOL

Posted by alicetey > 2016-01-19 14:00 | Report Abuse

Ooi kock aun pu nin bo a chow chee bye LOL LOL LOL

Posted by chinaman > 2016-01-19 14:16 | Report Abuse

innocent till proven guilty. Alice-you don't scared charged by TPY for defamation? be cautious...

Posted by alicetey > 2016-01-19 14:19 | Report Abuse

Tey por yee, ooi kock aun kan ni na bu chao chee bye. ler e lao bu kor gao gan, ler e lao peh tio bey kan, chee hong kia! LOL LOL LOL

Enough for today....see you in the next episode: nexgram bleeding to death LOL LOL

Posted by DRwarrant > 2016-01-19 14:38 | Report Abuse

COMINGGGGGGGGGGGGGGGGGGGGGGGGGGGGG.......OPPORTUNITY NOW $$$$$$$

Posted by ssboy > 2016-01-19 14:38 | Report Abuse

Can someone block this pukimak..made noise here.

Posted by FutureTrain > 2016-01-19 14:58 | Report Abuse

KUALA LUMPUR 14 Jan 2016 : Nexgram Holdings Berhard (Nexgram) plans to acquire Transeaways Shipping Sdn Bhd (TSSB) for RM41.2 million as part of group on-going growth strategies by way of merger & acquisition.

In a filing with Bursa Malaysia Yesterday, it said that Nexgram has entered into a sales and purchase agreement (SPA) with Hopscoth Invest & Trade Inc. for the proposed acquisition of TSSB which is a shipping agent and logistic tracking service provider.

TSSB is a 17 years logistic player, which specially focus on shipping and logistic trackings having own systems and infrastructure using GPS and RFID technologies among others.

According to Transparency Market Research, the global and China logistics market is expected to grow rapidly during the period from 2015 to 2021 due to an increase in demand for logistics services across several regions. The increasingly prevalent trend of outsourcing adopted by multinational companies throughout the global industrial value chain will primarily drive the global and China logistics market during the forecast period.

Removal of barriers on trading and the subsequent spread of globalization has supported the development of logistics services across all regions. Outsourcing activities in China and many regions across the globe have increased in the recent past. With increasing outsourcing activities, the supply chain has become more complex. Rapid development of the online retailing market has recently fueled the logistics market in China and across the globe. There has been a rise in the number of online deliveries of products due to the growing popularity of online shopping.

Advancements in technology, transaction handling, communication, and development of new products will eliminate the growth barriers for the global and China logistics market during the forecast period. Adoption of transaction tracking systems and applications by the logistics service providers has fuelled the development of the global and China logistics market. Tracking systems such as global positioning system (GPS), bar code systems, and radio frequency identification (RFID) will help develop the market for logistics, not only in China but also in various regions across the globe during the period between 2015 and 2021.

However, the group has recent years diversified into property development business, and the high capital expenditure in technology infrastructure may constrain the group cash flow in other businesses. Divesting lost making investment in exchange for assets with better prospect is part of the group corporate strategies.

The group expects the new venture shall provide positive returns in the next financial year.

The transaction does not require shareholder or authority approvals, and is expected to be completed within first quarter of 2016.

Nexgram Holdings Berhad (“Nexgram Group”) is a public listed multinational investment company based in Kuala Lumpur, Malaysia. As of to date, the group operates through the following segments: Telecommunication, Security & Surveillance, Software Development, Property Development, Industries, Business Advisories and Investment activities.



source:

http://nexgram.com/2016/01/14/press-release-nexgram-to-acquire-transeaways-for-rm41-2m-press-14-jan-16/

Posted by davidlim85 > 2016-01-19 14:59 | Report Abuse

what is the actual situation???

Posted by DRwarrant > 2016-01-19 15:00 | Report Abuse

CHEAP NOW - very attractive price now $$$$$$

Posted by Ejsaham > 2016-01-19 15:08 | Report Abuse

amacam warrant...ketar lutut tak...price live now 0.065