Posted by keanchung > 2016-01-21 19:25 | Report Abuse

We refer to the announcements dated 20 November 2015, 25 November 2015, 11 December 2015, 15 January 2016 and 20 January 2016 in relation to the Offer (“Announcement”).

On behalf of the Nexgram Board, Mercury Securities wishes to announce that, in view of recent developments and events that have transpired and after taking into consideration the timeline of the Offer permitted under the Code, the Nexgram Board views that it would be in the best interest of all parties including the Company and its shareholders as well as the holders of the Offer Securities for the Company to make an application to the SC to withdraw the Offer.

In view of the above, Mercury Securities had, on behalf of the Nexgram Board, applied for the written consent of the SC pursuant to Section 11(13) of the Code to withdraw the Offer (“Application”) on even date. The withdrawal of the Offer is subject to the consent of the SC. Upon the consent of the SC, the Offer shall cease and all acceptances received pursuant to the Offer shall be returned to the Accepting Holders.

This announcement is dated 21 January 2016.

Posted by DRwarrant > 2016-01-21 20:15 | Report Abuse

CONFIRMED ! PANIC & CRAZY BUY TOMORO >> NEXGRAM to HIT 10 SEN - NO PROBLEM
SONS @ Warrant WA , WC 6 SEN , WB 4 SEN for high % GAIN $$$$$$$$$$$

Posted by keanchung > 2016-01-21 20:22 | Report Abuse

Sai lang

Posted by DRwarrant > 2016-01-21 20:26 | Report Abuse

UNTIE ALICETEY to BANGGG head to coconut tree 10 X....!

Posted by sg999 > 2016-01-21 20:42 | Report Abuse

^^^^
DRW WENT CRAZY LIAO!!!! HIHIHI

Posted by zakryfaa > 2016-01-21 20:50 | Report Abuse

world market atmosphere not good.....so!!!! get ready your cash!!!!

Posted by DRwarrant > 2016-01-21 20:54 | Report Abuse

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Posted by ssboy > 2016-01-21 22:11 | Report Abuse

Alicetey,no more story ar?

Posted by Koon Bee > 2016-01-21 22:12 | Report Abuse

No hopes = hopeless

Posted by alicetey > 2016-01-21 22:39 | Report Abuse

@jenny, the other side has presented their case as well. See the spams and junks posted by someone who suspiciously sound like how tey por yee's talk.

@ssboy....miss my story meh? Still have many story. Will keep the stories depending on the progress of the jihad/crusade against tey por yee and ooi kock aun. LOL LOL

Tomorrow nexgram may reach 4 cents, are you readddyyyyy?

Posted by Kappajey > 2016-01-21 23:18 | Report Abuse

Hopefully DRW doesn't hang himself hahaha

Posted by ssboy > 2016-01-21 23:49 | Report Abuse

Get ready to shot up tmr,dji up liao....

Posted by DRwarrant > 2016-01-22 00:26 | Report Abuse

Tomorow AUNTIE Alicetey to BANGGG her head to the wall 10 X......as NEXGRAM STEAMINGGG to 10 SEN $$$$$

Posted by alicetey > 2016-01-22 06:43 | Report Abuse

4 centssss 4 centtssss 4 centsssss 4 centsss 4 centtss LOL LOL LOL

Posted by alicetey > 2016-01-22 06:45 | Report Abuse

The worst investment bankers are the seller of CDOs and the promoters of subprime mortgage. The second worst investors clearly are Tey Por Yee and Ooi Kock Aun.

Posted by fatdatlo > 2016-01-22 07:57 | Report Abuse

===> 3 sen!

Posted by Kishin Sham Mahtani > 2016-01-22 08:07 | Report Abuse

Alice Tay and Dr Warrant you both idiots, if any one actually buys stocks and shares based on i3 then that person should not be near KLSe. For gods sake both of you grow up you all flood the forum with such spam......but then again what can we expect from idiots

Posted by alicetey > 2016-01-22 08:18 | Report Abuse

I'm the idiot who could as well save your hard earned money from the evil clutch of tey por yee and ooi kock aun LOL LOL LOL

Posted by Doggy > 2016-01-22 08:23 | Report Abuse

Hahhahaha. Alice chong ket pen long long stories cannot answer
Did chong signed an agreement and did not disclose to the board his personal interest. No egm was sighted and he further signed a sd. Doggy.

Posted by Doggy > 2016-01-22 08:23 | Report Abuse

1 sentense enough. Did he?

Posted by Fam Jenny > 2016-01-22 08:23 | Report Abuse

Pls save the investors when the price is high and not when it is the lowest if you are sincerely helpful.History has proven you otherwise.

Posted by Doggy > 2016-01-22 08:24 | Report Abuse

Did didn't

Posted by Doggy > 2016-01-22 08:24 | Report Abuse

Here comes long long divert attention.

Posted by DRwarrant > 2016-01-22 08:28 | Report Abuse

$$$$$$ ATTACCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK

Posted by alicetey > 2016-01-22 08:33 | Report Abuse

Hoaaammmm...bored...

KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun. Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters. But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July. Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition. Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012. Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012. He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board. It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached. In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012. Protasco Bhd also said that Tey introduced the PT ASI deal to the company. Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal. In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI. To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan. Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12. Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey. On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years. Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central - See more at:

http://www.themalaymailonline.com/money/article/investor-central-protasco-berhads-egm-are-minority-shareholders-adequately#sthash.FKlUi4kP.dpuf

------------

"The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012."

"Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU"

Check and mate LOL LOL LOL LOL....

Posted by alicetey > 2016-01-22 08:34 | Report Abuse

Already answer lah brother.....you illiterate or what? Now answer below:

Please do answer, which of following party is the consultant, vendor, broker, client etc etc:

1. Herman Koswara and Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clean and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

So tell me, which one is the vendors, clients, suppliers, brokers etc etc?

And the silent long pause begin LOL LOL LOL

Posted by DRwarrant > 2016-01-22 08:57 | Report Abuse

$$$$$$ finger crossed

Posted by Chongkp > 2016-01-22 09:05 | Report Abuse

Strange stories tweak here and there.

Posted by Chongkp > 2016-01-22 09:07 | Report Abuse

Cannot answer still the simple questions.
Why chong ket pen signed an agreement and did not disclose to hos board his personal interest? He sign a sd later.

Posted by Chongkp > 2016-01-22 09:08 | Report Abuse

Spam so much cannot answer straight 1 question. LOLOLOL

Posted by chinaman > 2016-01-22 09:10 | Report Abuse

as investment banker, I guess one should hire strong lawyer like Alice in all S&P contract. we should thank you Alice who's willing to guide us with all law, legality at FOC. Alice is this forum's law representative who's willing to response promptly. Any legal doubt, can refer to Alice at FOC. no need hiring outside lawyer. he he

Posted by alicetey > 2016-01-22 09:10 | Report Abuse

Hoaaammmm...bored...

KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun. Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters. But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July. Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition. Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012. Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012. He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board. It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached. In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012. Protasco Bhd also said that Tey introduced the PT ASI deal to the company. Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal. In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI. To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan. Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12. Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey. On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years. Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central - See more at:

http://www.themalaymailonline.com/money/article/investor-central-protasco-berhads-egm-are-minority-shareholders-adequately#sthash.FKlUi4kP.dpuf

------------

"The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd. It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012."

"Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU"

Check and mate LOL LOL LOL LOL....

Posted by Chongkp > 2016-01-22 09:11 | Report Abuse

Wah chong u burn money goreng share ar? Good advisors. Burn here 20 million there 20 million all masuk their pocket. No wonder protasco no more money. All funny stories nothing to do here. Fly bird lah.

Posted by Chongkp > 2016-01-22 09:11 | Report Abuse

Go spam his house

Posted by alicetey > 2016-01-22 09:11 | Report Abuse

Already answered lah brother.....you illiterate or what? Now answer below:

Please do answer, which of following party is the consultant, vendor, broker, client etc etc:

1. Herman Koswara and Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clean and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

So tell me, which one is the vendors, clients, suppliers, brokers etc etc?

And the silent long pause begin LOL LOL LOL

Posted by fatdatlo > 2016-01-22 09:14 | Report Abuse

Runnnnnnnnnnnnnnnnnnnnnnn!!!

Posted by Ejsaham > 2016-01-22 09:21 | Report Abuse

run because alice story...run because last year news...funny..haha...keep buy!

Posted by chinaman > 2016-01-22 09:25 | Report Abuse

Dear Alice, is there any bursa saham law prohibiting directors of public listed co. from involving in advisory business or arrange the M&A deal for own company? Is there any conflict of interest? I noticed few co. also have this advisory, investment business besides their core business. its not only Nexgram in this telan mati bapa, luah mati emak' position.

Posted by Doggy > 2016-01-22 09:33 | Report Abuse

Doggy. Already answer what ar?

Posted by chinaman > 2016-01-22 09:33 | Report Abuse

This same largest shareholder with Tan Sri title do investment banking, property & arrange the own deal for themselves-save cost. is it this waiver only for Tan Sri but not for small fry with fraud allegation?

Posted by Doggy > 2016-01-22 09:34 | Report Abuse

Did or didn't? Either did or didn't. Kindergarten question.

Posted by alicetey > 2016-01-22 09:43 | Report Abuse

@chinaman,

Yes there is.

Tey Por Yee and Ooi Kock Aun should have disclosed their factual interest to the board so the board could deliberate any decision on the project without involving Tey and Ooi. What make it worst was Tey and Ooi signed a sworn statement (statutory declarations) which consisted of lies, i.e. They don't have any interest in the project and as a matter of law it is a clear cut crime of perjury. So, not only they violated their statutory duties and fiduciary duties to Protasco; but they also perjured themselves.

All Tey and Ooi got to do is to disclose their interest and everything will be all right. Their down fall can be atributed to two things: their greeds and their stupidity.

Posted by DRwarrant > 2016-01-22 09:52 | Report Abuse

$$$ BE GREEEEEEEEEEEEEEEEEEEEEEEDY as the CNY RALLY NOW CHARGINGGG

## EJSaham , DON'T BE PONDAN ,...kihhh kihh kih

SG999 now under traditional treatment @ with Paweng (sharman) due to SHOCK after discharged from Tanjong Rambut Hosp..

Posted by chinaman > 2016-01-22 09:52 | Report Abuse

thank you very much our lawyer, Alice for your clarification.

Posted by chinaman > 2016-01-22 09:55 | Report Abuse

but, if TPY is just a substantial shareholder of Protasco with NO director's position in it, will there be any legal violation?

Posted by ssboy > 2016-01-22 10:01 | Report Abuse

If alicetey stories can believe,Nexgram already bankrupt last year,same stories he told that last year...hahahaha....

Posted by alicetey > 2016-01-22 10:06 | Report Abuse

If Tey and Ooi merely shareholders, they could do anything they want. Unfortunately Tey and Ooi are directors. An independent Directors at that. So they could not get away with murder LOL LOL

Posted by chinaman > 2016-01-22 10:11 | Report Abuse

so now, we can gauge the picture very clearly. its a trap due to own stupidity

Posted by alicetey > 2016-01-22 10:16 | Report Abuse

Indeed.

So, nexgram 4 cent anyone? 4 cent? 4 cent? But one nexgram's shares will get two LOL LOL

Posted by chinaman > 2016-01-22 10:22 | Report Abuse

No one is indispensable. we can appoint Alice replacing TPY as I mention many times. if TPY hire Alice earlier as in-house lawyer, he wont be in today's kepala sakit due to legal blind.