NEXGRAM HOLDINGS BERHAD

KLSE (MYR): NEXGRAM (0096)

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50,494 comment(s). Last comment by icedvestor 5 days ago

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 09:09 | Report Abuse

Hey,

Thanks for the support. However, this is a particularly special case. A case of two men obsessed with image and with no moral foundation. Two men who pushed fake press releases to create a grandiose image, who spent money they didn't have to maintain this image, who made terrible decisions and lost a ton of money, then lied, deceived, and commited fraudulent activities to maintain their image, while driving their affiliate network into the ground. Tey and Ooi have been sued multiple times, and even brag about some of their scams, saying how they made more money than they were sued for. They were even quoted to say they're not making money unless they're being sued. One word: karma.

I have no interest in fully exposing these two clowns, but if that's what has to be done for us to receive my money, so be it. Let them deal with the consequences of screwing over thousands of affiliates for millions of dollars.

----

LOL LOL LOL

Posted by StockQueen > 2016-03-23 09:10 | Report Abuse

Would this shares going to rebound any time?

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 09:13 | Report Abuse

With regard to transeway:

It means nexgram failed to understand it core value. And a company who don't understand it own core value is doomed to fails because it will never make a sound business plan.

Inovisi for example. It business model exactly mirrored nexgram as it sister company. When it was active, inovisi is an IT company that enter into forray of industries which do not in any way related to in core business, i.e. IT. Just take a look at it subsidiaries' business: PT Star and PT Fame were in the business of music; PT Goldchild is in mining industry; PT QDC Technologies is in the business of power plant and electricity; PT Nusantara Rising Rich is in service office business which held stakes in hytex, a now defunct textile company; acclaim and code wireless are setup as a scammer company; it parent company Green Pine Group supposedly in clean energy business.

So we have it, an IT company owned by a clean energy company with business ranging from music to mining to textile. Hence we should return to my initial question, what the hell an IT company doing in acquiring a shipping company?

In summary: nexgram is an empy shell company which fundamentally weak that failed to understand it owned core value and has been using by it founders to scam other companies

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 09:17 | Report Abuse

Do you know how tey and ooi got their datukship?

It started with they approached this younger brother of a sultan to invest in their project which guaranteed so and so dollar. As a gesture of good faith, the brother of sultan was persuaded by tey and ooi to ask his brother to grant tey and ooi with datukship.

But then the younger brother realized that the projects proposal from tey and ooi will never came to fruition, because well, it all shams, so now he sued tey and ooi LOL LOL LOL

Posted by StockQueen > 2016-03-23 09:19 | Report Abuse

Diversify business ?

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 09:20 | Report Abuse

Google products includes: gmail; google plus, google map, youtube, android, search engine, etc. What does all this product have in common? These products serves as a way for data collection of the users which then google will formulate specific advertisements to be presented to the users. Google or now known as alphabet main product is advertising.

Apple products includes: ipod, itunes, iphone, ipad, imac, macbook, etc. These products while closed end to end from the software to hardware are integrated and each product is adding value to the other.

Now let see nexgram, quoted below nexgram's business taken from it website:

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

What the hell telco have to do with security and surveilance? What is software development have to with property development? How industries related to business advisories and investment??? And now nexgram adding logistic and shipping company as well???

Here, consider the advise from Steve Jobs to Larry Page:

“Figure out what Google wants to be when it grows up. It’s now all over the map,” read the biography of Jobs’ interaction with Page. Later Jobs came to Page with a sharp advising tongue warning Google was making products, “that are adequate but not great. They’re turning you into Microsoft.”

Sound advice, to be sure, and focusing intensely on a few great products has been a consistent theme of Apple’s ever since Jobs returned in the late 90s. You might also remember that Jobs dispensed similar advice to Nike CEO Mark Parker after he assumed control of the shoe giant.

“Nike makes some of the best product in the world,” Jobs told Parker. “Products that you lust after, absolutely beautiful stunning products. But you also make a lot of crap. Just get rid of the crappy stuff and focus on the good stuff.”

I am sure Jobs is right then and now. And you should heed to his words. Jobs after all was the one who make Apple from the brink of bankrupty to the most valuable company in the world in just ten years. He was also the advisor of facebook, google, nike etc

Monde

1,105 posts

Posted by Monde > 2016-03-23 09:31 | Report Abuse

Why reposting the same thing over and over again.... uncle alice

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 09:39 | Report Abuse

Well, you should notice by now that somebody been trying to hide my posts by spamming this message board.

Of course his method is useless and childish to say the least since I could easily do copy-paste-repeat to make my post appear again.

LOL LOL LOL

Posted by DefamationThreat > 2016-03-23 09:55 | Report Abuse

Because kenny chong ther nen cannot cpver up his father wrong doing so keep paint others bad hopefully people does not see the huge criminal in bribery involves billions. Naive.

Posted by DefamationThreat > 2016-03-23 09:56 | Report Abuse

A robber and criminal of huge bribery shouting others are bad. How bad could it be compared to his father chong ket pen billions of dollars of protasco missing money, 九牛一毛。

Posted by king_saham > 2016-03-23 10:19 | Report Abuse

teypuki , lets flying together...kah3

DiuCKPmak

352 posts

Posted by DiuCKPmak > 2016-03-23 10:25 | Report Abuse

His mother forgot to gave him a brain. Soh zor. Lol

DiuCKPmak

352 posts

Posted by DiuCKPmak > 2016-03-23 10:26 | Report Abuse

His dad is a big criminal, son sure same.

DiuCKPmak

352 posts

Posted by DiuCKPmak > 2016-03-23 10:29 | Report Abuse

Chong Ket Pen and Chong Ther Nen are who? Duo dumb criminal. Post their crime record here. Cook story send threat post defamation. This kind of people in protasco? Apparently how good the quality is. Lol lol lol

DiuCKPmak

352 posts

Posted by DiuCKPmak > 2016-03-23 10:33 | Report Abuse

Wau! Kenny chong Ther Nen play warrant buffet ha? What is warrant buffet doing with insurance, ice cream dairy queen and rail road running train under Berkshire hartaway, a garment factory? Oh stupid hor, he accident becomes world richest man. Real so hai. Kenny smarter. Expert. Hail Chong Ket Pen his father, above law, God idol! Lol lol lol

DiuCKPmak

352 posts

Posted by DiuCKPmak > 2016-03-23 10:34 | Report Abuse

Sory ha kenny i slept your mom. Poor lady torture by chong ket pen. I know you cannot sleep her. I did her a favor.

DRwarrant

8,354 posts

Posted by DRwarrant > 2016-03-23 10:39 | Report Abuse

cehhhh DiuCKPmak....you ON with that mother.....really maniac you !

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 10:55 | Report Abuse

KUALA LUMPUR, Jan 15 — A former director of Protasco Bhd was charged in the Ampang Sessions Court today with fraud involving RM68 million, and making a false declaration, four years ago.

Datuk Tey Por Yee, 40, claimed trial to both charges. On the first charge, he is accused of concealing information from the company’s board of directors and officers that he had a vested interest in a company, PT Anglo Slavic Utama in Indonesia.

In so doing, he allegedly misled the victims into entering into an oil and gas investment agreement with PT Anglo Slavic Utama through the purchase of 63 per cent of PT Anglo Slavic’s shares in Indonesia worth US$22 million (RM68,393,170).

The payment for the shares was allegedly channelled in stages to two CIMB PT ASU accounts.

Tey is accused of committing the offence at Protasco Bhd’s office at Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang here, between November 2012 and January30, 2014.

On the second charge, he allegedly made a sworn false statement before Wern Li Morsingh, a Commissioner of Oaths that he did not have any vested interests in PT Anglo Slavic Utama, whether as a director or shareholder. He is accused of committing the offence in the company’s conference room at the same place on July 25, 2014.

Judge Rushan Lutfi Mohamed set bail at RM1 million with one surety and February24 for re-mention.

Tey was also ordered to surrender his passport to the court and to refrain from harassing the prosecution’s witnesses.

Deputy public prosecutor Datin Nurshuhaida Zainal Azahar acted for the prosecution while counsel Datuk K.Kumaraendran and Mak Lin Kum represented the accused. — Bernama

- See more at: http://m.themalaymailonline.com/malaysia/article/ex-company-director-charged-with-rm68m-fraud#sthash.8ohRAlMG.dpuf

-----

Tomorrow a big day for Dato Larry Tey Por Yee...hope he already prepared himself LOL LOL LOL

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 10:58 | Report Abuse

Lookie, lookie....ooi kock aun was handcuffed. I have to compliment him. At least he did not hide his face like tey por yee LOL LOL LPL

http://www.hmetro.com.my/node/112179

https://m.youtube.com/watch?v=MFukVxP8Nks

Now, let wait if anyone here could get me picture or video of the chongs and handcuff LOL LOL LOL LOL

Anyone with a half of brain also know tey and ooi's companies are their alter ego mah...are you brain dead or what? LOL LOL LOL

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 10:58 | Report Abuse

At age seven, tey por yee was already showing signs of what he was destined to be: a thief and a liar. Ten sen, twenty sen, fifty sen…all would disappear “mysteriously” from his families drawers, savings and piggy banks. Later, bigger sums would go missing, from his father’s wallet to his mother’s purse. Tey would be placed at the scene of the crime but he always had an excuse or story to wriggle his way out of the situation.

For a while his parents believed him. Until he got caught red-handed one day. Then, his father had no choice but to punish him. If we hoped that would beat some sense and decency into him, we were sadly mistaken.

He took his bad habits with him to school. Already skilled at telling lies and manipulating people, he began cheating his classmates. The sums ranged from a few ringgit to hundreds of ringgit. The figures may seem small to some, but for a young schoolboy, the sum is enormous. As usual, his long-suffering father had to clear his debts and try to redress the damage done to his victims.

At age sixteen, Tey por yee had to audacity to go to his uncle’s house to borrow money. He said he needed RM2,000.00 because his father was sick and desperately needed the money for an operation. Believing his lies totally, the uncle gave it to him. His family never lived down the humiliation when the truth came out.

Since young, he has always been obsessed with money. Even when he had a lot of it, it was never enough. He wanted more and more. Never mind if it was obtained in a deceitful manner, just as long as he got what he wanted. It only goes to show that he is not only a pathological liar, but a pathological thief as well. With hundreds of millions already stashed away in private bank accounts, more than he can ever spend in ten lifetimes, he still remains greedy for more. So greedy that he is willing to lie, cheat and steal to achieve his end.

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 10:59 | Report Abuse

Tey Por Yee and Ooi Kock Aun were also notorious for not paying their rentals, to the point that their landlords had to threaten legal action and resort to cutting off the utilities to get what was owed to them.

Worse off were their suppliers, of whom many had to suffer the bitterness of bankruptcy because tey and ooi refused to pay them their dues. Tragically, one of them even committed suicide because of bad debts, courtesy of Dato’ Tey Por Yee and Dato' Ooi Kock Aun.

This was not the only blood on his hands. He used a friend, Dedi Francis from Indonesia, to stand as a nominee for Tey and Ooi. When the loyal Dedi pressed for payment on company debts to incurred by Tey and Ooi's manipulative schemes, he was given the runaround. Time finally ran out for Dedi. Desperate, with his back to the wall and creditors all around him, Dedi almost took his own life but was able to be brought to hospital by his family on time.

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 11:00 | Report Abuse

Let me put it into context that some of you may understand.

TPY and OKA dug a hole in Indon and sold the soil and filled it with shit.!

Tried to dig a hole in Protasco and fill it with Indon shit! but was stopped.

Then dug some more holes hoping to fill the first one, but could not resist skimming soil off and replacing with shit.

And there you have it,so many shit holes that will be their graves; which also explains the profanities from the 'ma chai'

Repeating the same thing and hoping for better result....Haha...insanity

Me! just putting up warning signs about shitholes....remove it and the karma be yours!

Survival 101: when drowning;keep calm and dont scream so loud nor cuss the bystanders,more than enough people willing to throw you a lifejacket..............made of cement!


WAKAKAKAKA

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 11:01 | Report Abuse

Tey Por Yee goes bankrupt since his assets and bank accounts were freezed by authorities, so he start to sell his stakes in numerous companies LOL LOL LOL

KUALA LUMPUR (March 9): Datuk Tey Por Yee is no longer a substantial shareholder in Practice Note 17 company Malaysia Pacific Corp Bhd (MPCorp), with the disposal of 650,000 shares in the company.

In a filing to Bursa Malaysia today, MPCorp announced that Tey, 40, had sold 447,000 shares on March 1 and subsequently 203,000 shares on the next day. His total shareholdings in the company shrunk to 14.35 million shares, or a 4.99% stake.

Tey emerged as a substantial shareholder in MPCorp in mid-July 2014 after his purchase of 15 million shares in the company, or a 5.21% stake.

Recently, Tey has been on a divestment spree. Apart from MPCorp, he has sold shares in several companies, namely Nexgram Holdings Bhd, Asdion Bhd and Ire-Tex Corp Bhd.

MPCorp's share price closed unchanged at 18.5 sen today, with a market capitalisation of RM53.22 million.

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 11:02 | Report Abuse

So much anger....how to achieve transcendental awareness and happiness?

Let me assist you in understanding Godynamic Investment Ltd- GIL a BVI (British Virgin Islands) an offshore company.

As rightly pointed out GIL is and has always been an integral part of Nexgram (51% owned) since inception and perhaps packaged in for Nexnation's listing on Mesdaq back in 2004.To all effects and purposes TPY is the CEO and/or COO.GIL is also the vehicle for most of TPY's forays in Indon.

So the question that goes a begging is any transaction between GIL and/or Nexgram are Related party Transactions that TPY should NOT forget to mention.

The accounts for GIL be it at company or group should be very clear to TPY;he cannot be excused from making such elementary mistakes OR now he is laying blame on the auditor,CFO or accountant.So the statements to Bursa for one to be true the other has to be false.
That is a facepalm and contemptuous to Bursa.

When GIL makes such purchases or sales,are the monies equitably apportioned(51% cost and profits)

Those are questions shareholders should pose to TPY

hmmm ...why rant when I am assisting you???

DRwarrant: you are right FD would actually yield a better rate of return,whether taken from 2004 or 2014.

bye!!, gotta play wei chi with Kong Ming ......

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 11:03 | Report Abuse

By Meena Lakshana / theedgemarkets.com | March 15, 2016 : 4:05 PM MYT

KUALA LUMPUR (March 15): Nexgram Holdings Bhd confirmed today that its joint venture with Asdion Bhd with regard to a mixed development project has hit a snag, because the Sepang Municipal Council (MPS) has rejected the development order (DO) for the project.

To recap, Asdion had inked a joint venture agreement with Top Valley Properties Sdn Bhd on Feb 12, 2015 to participate in the development of the project known as Selangor Project.

Asdion paid RM6 million to Top Valley to be used solely towards settlement of the purchase consideration of the parcel of leasehold agricultural Malay reserve land, and will entitle the company to share expected economic benefits and profits arising from the development and sale of the Selangor Project with Top Valley.

On Dec 22 2014, Top Valley had entered into an off-take agreement with Nexgram Land Sdn Bhd and MyAngkasa Bina Sdn Bhd, whereby MyAngaksa would buy the project from Top Valley and Nexgram Land (as developer) for RM297.4 million.

In a filing with Bursa Malaysia today, Nexgram said it had received a letter from Top Valley on March 8, disclosing that MPS had rejected the DO.

"Nexgram Land was informed that in view of the failure in obtaining the DO on time, the landowner of the Selangor Project has terminated the sales and purchase agreement with Top Valley," the filig read.

"Top Valley is currently in the midst of exploring all possible viable options, including sourcing of an alternative suitable land, while continuing negotiation with the land owner for resubmission of the DO.

"The company will make the necessary announcement on further development of the matter, in due course," it added.

Yesterday, Asdion also announced via a filing to Bursa Malaysia that based on a letter received from Top Valley on March 8 as well, Top Valley is in the process of re-negotiating terms and timelines for new DO submission.

The Selangor Project, comprising three tower blocks with a total of 659 units of service apartments and 10 units of commercial and retails hops, was to be developed on a 2.154ha piece of agricultural leasehold Malay reserve land in Kg. Limau Manis, Dengkil in the Sepang district, with the lease period expiring on Feb 3, 2104.

Asdion had said it was venturing into the project as a means to diversify its earnings base and reduce its dependence on its existing business of software development, as well as information communication technology and related services.

The deal is a related party transaction, as Tey Por Yee is a common major shareholder of both Nexgram and Asdion (with direct interests of 11.52% and 22.01% respectively), while See Poh Yee is a common director of both companies.
17/03/2016 17:31

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 11:03 | Report Abuse

I could do this whole days LOL LOL LOL

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 11:04 | Report Abuse

Let all shout and sing: nexgram 4 cents, nexgram 4 cents LOL LOL LOL

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 11:05 | Report Abuse

If the members of nexgram's special committee really are independent, then they will report back the following:

- pt star owned by tey por yee and ooi kock aun.
- dedi francis used to work in pt star and report directly to tey por yee.
- gold dynamic owned by tey por yee and ooi kock aun.
- dedi francis is a director at pt gold dynamic, the subsidiary of gold dynamic.
- dedi francis is a commisioner of pt anglo slavic utama.
- dedi francis is a nominee of tey por yee and ooi kock aun.

LOL LOL LOL

Posted by king_saham > 2016-03-23 11:06 | Report Abuse

teypuki..lets flying together...dont miss your change...

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-23 11:25 | Report Abuse

Well, this is your chance to cut loss......hehehe

Posted by king_saham > 2016-03-23 11:37 | Report Abuse

hahaha...i will cut loss if nexgram touch 5c...lol..before that, lets fly together...kah3

DRwarrant

8,354 posts

Posted by DRwarrant > 2016-03-23 14:14 | Report Abuse

don't be pondan , King_saham - don't cut your BIRD & become BIRDLESS...kih3X

NO WAY to touch again 5 sen......finger crossed , BEBI !

DiuCKPmak

352 posts

Posted by DiuCKPmak > 2016-03-23 14:32 | Report Abuse

Kenny chong ther nen copy and paste. When his father crime xposed. Lol lol lol

DiuCKPmak

352 posts

Posted by DiuCKPmak > 2016-03-23 14:33 | Report Abuse

So he keep dug out his father chong ket pen crime record of big bribery, he also cannot asnwer. Did he?

DiuCKPmak

352 posts

Posted by DiuCKPmak > 2016-03-23 14:35 | Report Abuse

His fathet told him bribery in hundreds of millions is OK. Such crime he can pretend never see and tried to cover up by painting others bad, but actually his own bribery is hundred times bigger.

DiuCKPmak

352 posts

Posted by DiuCKPmak > 2016-03-23 14:37 | Report Abuse

Not that authority did not work despite chong bribe so much and made up so much flying letters, they found chong own criminal record is everywhere.

Posted by king_saham > 2016-03-23 22:50 | Report Abuse

teypuki is run away....kah3..

Ejsaham

544 posts

Posted by Ejsaham > 2016-03-24 00:12 | Report Abuse

Kena block ka? Hehe

Posted by MhdSuhaimi > 2016-03-24 08:37 | Report Abuse

Itu chong of protasco memang ingat bursa dia boleh beli. Hantar surat layang layang buruk nama orang lain, supaya sendiri boleh buat jahat dalam protasco. Habis lah syarikat bila bapak dan anak rompak protasco jadi "father & son sendirian berhad". Lubang protasco boleh beli 10 nexgram dah lah. Bodoh babi.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5037761

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-24 17:36 | Report Abuse

Larry Tey Por Yee is running away from nexgram, asdion and ire-tex LOL LOL LOL

KUALA LUMPUR: Some 24.81 million shares in Asdion Bhd traded off-market yesterday. This is the second company, linked to businessman Datuk Tey Por Yee, which of late has had a substantial block of shares changed hands off-market at a steep discount.

It appears that Tey is making an exit from the companies that he had invested in for less than three years.

According to Bloomberg data, Asdion saw 24.81 million shares representing a 21.34% stake in the company traded off-market at 27 sen yesterday, a sharp discount of 38.64% over the closing price of 44 sen.

The shares were moved in one block through a direct business transaction, but there is no filing to Bursa Malaysia on the parties involved as at press time.

Coincidentally, Tey is the single-largest shareholder of Asdion, with a 21.34% stake — the same size of the block changing hands off-market.

Tey’s another related company, Ire-tex Corp Bhd, also saw a 22.97% stake in the company traded off-market on Wednesday. He also held the same amount of stake that was traded off-market.

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-24 17:38 | Report Abuse

By Meena Lakshana / theedgemarkets.com | March 15, 2016 : 4:05 PM MYT

KUALA LUMPUR (March 15): Nexgram Holdings Bhd confirmed today that its joint venture with Asdion Bhd with regard to a mixed development project has hit a snag, because the Sepang Municipal Council (MPS) has rejected the development order (DO) for the project.

To recap, Asdion had inked a joint venture agreement with Top Valley Properties Sdn Bhd on Feb 12, 2015 to participate in the development of the project known as Selangor Project.

Asdion paid RM6 million to Top Valley to be used solely towards settlement of the purchase consideration of the parcel of leasehold agricultural Malay reserve land, and will entitle the company to share expected economic benefits and profits arising from the development and sale of the Selangor Project with Top Valley.

On Dec 22 2014, Top Valley had entered into an off-take agreement with Nexgram Land Sdn Bhd and MyAngkasa Bina Sdn Bhd, whereby MyAngaksa would buy the project from Top Valley and Nexgram Land (as developer) for RM297.4 million.

In a filing with Bursa Malaysia today, Nexgram said it had received a letter from Top Valley on March 8, disclosing that MPS had rejected the DO.

"Nexgram Land was informed that in view of the failure in obtaining the DO on time, the landowner of the Selangor Project has terminated the sales and purchase agreement with Top Valley," the filig read.

"Top Valley is currently in the midst of exploring all possible viable options, including sourcing of an alternative suitable land, while continuing negotiation with the land owner for resubmission of the DO.

"The company will make the necessary announcement on further development of the matter, in due course," it added.

Yesterday, Asdion also announced via a filing to Bursa Malaysia that based on a letter received from Top Valley on March 8 as well, Top Valley is in the process of re-negotiating terms and timelines for new DO submission.

The Selangor Project, comprising three tower blocks with a total of 659 units of service apartments and 10 units of commercial and retails hops, was to be developed on a 2.154ha piece of agricultural leasehold Malay reserve land in Kg. Limau Manis, Dengkil in the Sepang district, with the lease period expiring on Feb 3, 2104.

Asdion had said it was venturing into the project as a means to diversify its earnings base and reduce its dependence on its existing business of software development, as well as information communication technology and related services.

The deal is a related party transaction, as Tey Por Yee is a common major shareholder of both Nexgram and Asdion (with direct interests of 11.52% and 22.01% respectively), while See Poh Yee is a common director of both companies.

chinaman

3,256 posts

Posted by chinaman > 2016-03-24 17:52 | Report Abuse

Don't worry since we have a disciplined teacher, Tey Puki now....Dato wont dared to do any more hanky panky task. give Dato a chance to turn over a new leaf

Ejsaham

544 posts

Posted by Ejsaham > 2016-03-24 18:01 | Report Abuse

Old story again?

Ejsaham

544 posts

Posted by Ejsaham > 2016-03-24 18:02 | Report Abuse

Why tpy only transfer all his share to his brother? But not to dispose all?

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-24 18:06 | Report Abuse

KUALA LUMPUR, Jan 15 — A former director of Protasco Bhd was charged in the Ampang Sessions Court today with fraud involving RM68 million, and making a false declaration, four years ago.

Datuk Tey Por Yee, 40, claimed trial to both charges. On the first charge, he is accused of concealing information from the company’s board of directors and officers that he had a vested interest in a company, PT Anglo Slavic Utama in Indonesia.

In so doing, he allegedly misled the victims into entering into an oil and gas investment agreement with PT Anglo Slavic Utama through the purchase of 63 per cent of PT Anglo Slavic’s shares in Indonesia worth US$22 million (RM68,393,170).

The payment for the shares was allegedly channelled in stages to two CIMB PT ASU accounts.

Tey is accused of committing the offence at Protasco Bhd’s office at Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang here, between November 2012 and January30, 2014.

On the second charge, he allegedly made a sworn false statement before Wern Li Morsingh, a Commissioner of Oaths that he did not have any vested interests in PT Anglo Slavic Utama, whether as a director or shareholder. He is accused of committing the offence in the company’s conference room at the same place on July 25, 2014.

Judge Rushan Lutfi Mohamed set bail at RM1 million with one surety and February24 for re-mention.

Tey was also ordered to surrender his passport to the court and to refrain from harassing the prosecution’s witnesses.

Deputy public prosecutor Datin Nurshuhaida Zainal Azahar acted for the prosecution while counsel Datuk K.Kumaraendran and Mak Lin Kum represented the accused. — Bernama

- See more at: http://m.themalaymailonline.com/malaysia/article/ex-company-director-charged-with-rm68m-fraud#sthash.8ohRAlMG.dpuf

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-24 18:07 | Report Abuse

Lookie, lookie....ooi kock aun was handcuffed. I have to compliment him. At least he did not hide his face like tey por yee LOL LOL LPL

http://www.hmetro.com.my/node/112179

https://m.youtube.com/watch?v=MFukVxP8Nks

Now, let wait if anyone here could get me picture or video of the chongs and handcuff LOL LOL LOL LOL

Anyone with a half of brain also know tey and ooi's companies are their alter ego mah...are you brain dead or what? LOL LOL LOL

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-24 18:09 | Report Abuse

So much anger....how to achieve transcendental awareness and happiness?

Let me assist you in understanding Godynamic Investment Ltd- GIL a BVI (British Virgin Islands) an offshore company.

As rightly pointed out GIL is and has always been an integral part of Nexgram (51% owned) since inception and perhaps packaged in for Nexnation's listing on Mesdaq back in 2004.To all effects and purposes TPY is the CEO and/or COO.GIL is also the vehicle for most of TPY's forays in Indon.

So the question that goes a begging is any transaction between GIL and/or Nexgram are Related party Transactions that TPY should NOT forget to mention.

The accounts for GIL be it at company or group should be very clear to TPY;he cannot be excused from making such elementary mistakes OR now he is laying blame on the auditor,CFO or accountant.So the statements to Bursa for one to be true the other has to be false.
That is a facepalm and contemptuous to Bursa.

When GIL makes such purchases or sales,are the monies equitably apportioned(51% cost and profits)

Those are questions shareholders should pose to TPY

hmmm ...why rant when I am assisting you???

DRwarrant: you are right FD would actually yield a better rate of return,whether taken from 2004 or 2014.

bye!!, gotta play wei chi with Kong Ming ......

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-24 18:25 | Report Abuse

TPY transferred his shares to Tey Por Chen, his brother because he want to secure his assets/shares and not disposing...

TeyPuki

629 posts

Posted by TeyPuki > 2016-03-24 18:31 | Report Abuse

Chinaman, disciplined teacher? what the heck are you talking about?

Posted by MhdSuhaimi > 2016-03-24 18:34 | Report Abuse

Ini chong ket pen punya anak mahu tutup bapak dia punya angkara rasuah, tak berani cakap ke?

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