Posted by TeyPuki > 2016-03-29 08:51 | 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 TeyPuki > 2016-03-29 08:52 | Report Abuse

KUALA LUMPUR: A proposed joint-venture (JV) mixed development project in Sepang involving Nexgram Holdings Bhd and Asdion Bhd has failed to receive the land development order (DO) from the Sepang Municipal Council.

In a filing with Bursa Malaysia, the software developer said following the council’s rejection, the land vendor Hijrah Murni (M) Sdn Bhd had sent to Top Valley Properties Sdn Bhd - which was to be the project’s joint developer with Nexgram Land - a notice terminating the sale and purchase agreement.

“Nevertheless, the company was informed that Top Valley is in the on-going process of re-negotiating terms and timelines for new DO submission,” added Asdion, which plans to diversify into property development via a JV arrangement with Top Valley.

In December 2014 Top Valley signed an off take agreement cum sale and purchase agreement (SPA) with software developer Nexgram Holdings Bhd’ unit Nexgram Land Sdn Bhd whereby they would develop and sell to MyAngkasa Bina Sdn Bhd the entire mixed property development project on 2.154ha. Meanwhile, Top Valley entered into the land SPA with Hijrah Murni.

The project, to be undertaken on a piece of agricultural leasehold Malay reserved land, was to comprise three tower blocks comprising a total of 659 units of serviced apartments and 10 units of commercial/retail shops with a gross development value of RM297.39mil.

Top Valley’s entitlement from the project was estimated to be RM13.4mil, and Asdion was to have a participation right in Top Valley’s entitlement and to share the project benefits (80% share or RM11.9mil).

Bursa Malaysia Securities considered it a related party transaction as Datuk Tey Por Yee was a common major shareholder of both Nexgram and Asdion, and See Poh Yee was a common director of both.

In the latest statement On Monday, Asdion said it was informed that for the purpose of the offtake agreement cum SPA with Nexgram Land and MyAngkasa which was still subsisting, Top Valley was currently exploring all possible viable options, including sourcing for an alternative suitable land and continue negotiating with the land owner for resubmission of the DO.

“The board had discussed the letter in a board meeting held on March 14 and requested the management to provide further information for deliberation before making any decision,” it said.

Posted by TeyPuki > 2016-03-29 08:52 | Report Abuse

KUALA LUMPUR, Nov 20 — Public-listed engineering, property and construction company Protasco Bhd has filed an application to cite two of its directors for acting in contempt of court by allegedly interfering with witnesses in a multi-million ringgit lawsuit brought against it.

In a statement today, Protasco accused two of its directors Tey Por Yee and Ooi Kock Aun, as well as their lawyer Gideon Tan, of interfering with a key witness’s evidence in the court case.

Protasco said the star witness and his Indonesian lawyers had already given statutory declarations on the alleged interference, adding that action by the three men amount to “attempts to pervert and/or obstruct the course of justice”.

“On November 18, 2014, Protasco obtained leave of Court to initiate committal proceedings against Tey, Ooi and Gideon Tan, where they must show cause why they should not be fined or committed to imprisonment for contempt of court.

“The High Court has fixed December 8, 2014 as the date for the High Court to hear the committal proceedings,” the company said in a statement.

Protasco had in September mounted a US$27 million (RM90.87 million) lawsuit against an Indonesian company, PT Anglo Slavic Utama (ASU) to recover its money and against Tey and Ooi for alleged conspiracy to defraud, making secret profits, breaching their fiduciary and statutory duties, and hiding their beneficial interests in the latter.

The hearing for the alleged contempt of court case comes ahead of two different extraordinary general meetings (EGM) by Tey and Ooi and the company’s co-founder Datuk Seri Chong Ket Pen next week.

After Protasco’s deal to enter the oil and gas business fell apart in August, the lawsuit was filed and a boardroom battle was sparked between Chong and the two directors — where both sides accused the other of wrongfully making profits.

Chong, who is also Prostasco’s group managing director, has called for an EGM on November 26 to persuade other shareholders to remove Tey and Ooi. Tey has called for an EGM scheduled two days later, where he is expected try to persuade shareholders that his allegations against Chong are true.

Tey had apparently brought a deal to Protasco in 2012 to invest in a working oilfield in Aceh. Protasco agreed to acquire a stake in PT ASU’s PT Anglo Slavic Indonesia (PT ASI), which indirectly owned the oilfield.

The deal was renegotiated in 2014, then terminated by Protasco in August 2014. Protasco then sued Tey and Ooi in September for the return of the US$27 million paid to buy the stake in PT ASI and a shareholders’ advance. It has also made police reports against Tey.

In turn, Tey through his vehicle Kingdom Seekers Ventures Sdn Bhd sued Chong, accusing him of siphoning off RM10 million through a group of “Indonesian/foreign entities” to make an illegal financial gain.

Last week, Chong filed his defence to the suit, denying Tey’s claims. He said he had made a personal loan of RM20 million to Tey, of which RM10 million had been repaid. Chong claimed this RM10 million repayment allegedly still owed by Tey is the illegal financial gain the former was accused of making.

According to Chong, these group of foreign entities have made numerous transactions in shares of listed companies linked to Tey — PN17 company Hytex Integrated Bhd, Wintoni Group Bhd (formerly Winsun Technologies Bhd), Asdion Bhd and Tey’s own flagship Nexgram Holdings Bhd (formerly Nextnation Communication Bhd).

In 1997, when the Asian Financial Crisis struck, Protasco had grown to 600 staff and managed to avoid any retrenchments by making pay cuts across the board. The move left the company in a good position to grab projects when the government began its pump-priming programme to revive the Malaysian economy.

Since it was listed in 2003, Protasco has grown further to 1,800 in staff size, with an unbroken profit record and an average of 8 to 10 sen in dividends paid every year.

The company aims to grow between 15 and 20 per cent in profit every year, and, more ambitiously, to join Bursa Malaysia’s billion ringgit market capitalisation club in five years’ time. Protasco’s market capitalisation is currently RM549 million.

The company’s order book has grown to more than RM700 million since Chong took on a full-time executive role in 2013, from less than RM100 million before.

- See more at: http://www.themalaymailonline.com/malaysia/article/claiming-tampering-with-witness-in-lawsuit-protasco-seeks-to-cite-directors#sthash.3ltUuQOb.dpuf

Bad Tey Por Yee and Ooi Kock Aun, attempted to tamper with witnesses LOL LOL LOL

Posted by TeyPuki > 2016-03-29 08:53 | Report Abuse

KUALA LUMPUR: A former company director claimed trial in a Sessions Court in Ampang here to charges of cheating the board of directors, making false declarations and committing criminal breach of trust (CBT) involving more than RM80mil.

Datuk Ooi Kock Aun, 49, allegedly cheated Protasco Bhd’s board of directors and its officers by voluntarily hiding information that he had direct involvement with PT Anglo Slavic Utama, a company which was incorporated in Indonesia.

His action had caused Protasco’s board of directors and its officers to enter into an investment agreement on oil and gas in Indonesia with PT Anglo Slavic Utama, with Protasco buying 63% of PT Anglo Slavic Indonesia valued at US$22mil (RM68,393,170).

The offence was allegedly committed at Protasco’s office at Level 2 of the Corporate Building Unipark Suria, Jalan Ikram-Uniten in Kajang between Nov 2012 and Jan 30, 2014.

Ooi, who is now a businessman, faces a second charge of making false declaration to the Commissioner for Oath that he did not have any link with PT Anglo Slavic Utama, any of its directors or shareholders when he knew that he actually had interest in the company.

The offence allegedly took place at Wern Li Morsingh commissioner for oath’s office in Fraser Business Park at 50-3A, Jalan Metro Pudu, Off Jalan Yew on July 25, 2014.

He claimed trial to a third charge of committing CBT on the PT Anglo Slavic Indonesia’s property for RM16,250,000 at the CIMB Islamic Bank Berhad in Menara Southern Bank, No 83 Medan Setia 1, Plaza Damansara, Bukit Damansara on Feb 4, 2014.

Deputy Public Prosecutor Datin Nurshuhaida Zainal Azahar offered bail at RM1mil in one surety for all charges.

Nurshuhaida also urged the court to order Ooi to surrender his passport.

Ooi’s counsel Edmund Bon, in asking for a lower bail, said his client was least likely to abscond as he has cooperated with the police throughout the investigation.

Bon said Ooi has a wife and four children and he was a well-respected individual in the accounting field.

Judge Suraiya Mustafa Kamal fixed bail at RM1mil in one surety for all charges and also ordered Ooi to surrender his passport. The court also fixed Feb 26 for mention.

Posted by TeyPuki > 2016-03-29 08:53 | Report Abuse

Bonus round.

24 Oct 2012 Larry Tey Por Yee via Global Cap Venture signed Term Sheet with Herman Koswara, the controlling shareholders of PT Fas. The purpose of the term sheet is to acquire project kuala simpang timur oil field. It is agreed that Larry will purchase Herman's shares priced at IDR 6billion (Larry has only paid IDR 3billion).

1 November 2012 Larry Tey Por Yee and Benny Tjokro agreed on how to move forward with handling over Benny's shares at PT Fas, i.e. Tey Por Yee paid the operational costs of PT Haseba as of the date of the agreement and Larry Tey Por Yee take over Benny's debt at Mayapada Bank in the amount or IDR 23 Billion (both conditions are not fulfilled). However in the said date Larry already received the shares of PT Fas belonged to Benny Tjokro. Tey put the shares in PT Asi.

28 December 2012: Larry Tey Por Yee sold his shares to Protasco Berhad in the amount of USD 55million without notifying Herman and Benny.

21 May 2013 Larry Tey Por Yee sent a forged invitation for egms of PT Haseba which will be held at the office of Djamkk Asmur, the public notary in Aceh.

14 August 2013: to pay his debt to Benny, Larry wired in IDR 5billion and put Inovisi's shares as a guarantee. Few month later when Larry is in default; Benny attempted to execute the block of Inovisi's shares and finds that the value has dropped to a meager 10% of its initial value.

23 August 2013 Larry Tey Por Yee changed the directors and commisioners of PT Haseba based on the illegal egms.

24 February 2014 Herman Koswara and Benny Tjokro lodged police report against Larry Tey Por Yee alleging that he forged Herman and Benny's signature and defrauded them.

1 April 2014 Benny Tjokro through it vehicle PT Dayasakti Putradharma filed lawsuit against PT Anglo Slavic Indonesia at south jakarta district court.

25 April 2014 Koperasi Sejahtera Bersama filed lawsuit against PT Green Pine, Jerry Djajasaputra, PT Equator Securities and PT Inovisi Infracom Tbk arguing that it had invested IDR 125billion in PT Inovisi which was guaranteed by a block of Inovisi's shares. But it had not seen any profit and when they attempted to cash in on the shares, it shares dropped significantly.

11 December 2014 Benny Tjokro and Larry Tey signed settlement agreement in which Larry agreed to pay IDR 18billion, at the latest 28 January 2015. Up to this day Larry failed to honor this settlement agreement.

8 July 2015 The court ruled in favour of Koperasi Sejahtera Bersama and order Inovisi to pay IDR 200billion.

15 July 2015 Indonesian police raided the office of PT Inovisi Infracom Tbk.

December 2015 PT Inovisi Infracom Tbk closed down it business without prior notice to the investors and employees after failing to pay rent and utilities to Patra Jasa's building management. It management went hiding.

LOL LOL LOL LOL

Posted by TeyPuki > 2016-03-29 08:54 | Report Abuse

Nexgram’s change of auditors raises a lot of questions

WHO says minority shareholders are a helpless lot? How can that be true when a person with a minuscule number of shares in a listed company became the only one to nominate the new external auditors for the company? And he didn’t even have to explain why he did so.

He just threw out the name of the accounting firm and came up with a proposed resolution to be tabled at an extraordinary general meeting.

It was then up to the board of directors to assess the suitability of the firm. The board decided that the appointment of the new auditors was in the best interest of the company and its shareholders, and thus recommended that shareholders at the EGM vote for the proposed change of auditors. The shareholders did as advised.

Take a bow, Ko Boon Leong of Setapak, Kuala Lumpur. If there were such a thing as the Tiny-but-Mighty Corporate Player of the Year Award, you’d likely be a top candidate for 2015.

Then again, an accolade like that shouldn’t be given away cheaply. There should be diligent scrutiny. Let’s go over the story and raise questions when necessary.

But first, the reason this has come up is because the auditors appointed last year now wants to step down, after less than six months in that role. Accounting firm CHI-LLTC explained that its workforce had shrunk recently and it therefore couldn’t handle the increasing work arising from the listed company’s “recent expansion plan”.

The listed company is Nexgram Holdings Bhd, which has been in the news lately after the Securities Commission had issued a public statement on Jan 15 regarding the company’s offer to buy all the securities of Ire-Tex Corp Bhd. It was revealed that three subsidiaries of Nexgram are the focus of ongoing enquiries by the SC and Bursa Malaysia. On Thursday, Nexgram applied for consent from the SC to withdraw the offer for the Ire-Tex securities.

Back to the replacement of auditors last year. On July 8, Ko sent a letter to Nexgram to nominate CHI-LLTC as the new auditors, taking over from SJ Grant Thornton. He also offered a draft resolution for the proposed change.

According to the letter, Ko had 1,333 Nexgram shares. That’s almost nothing compared with the company’s 1.88 billion issued shares. Nevertheless, as a shareholder, he’s entitled to nominate the auditors, according to the Companies Act.

But why him? And why make the nomination at that point, when there had been no disclosure regarding a need to change auditors?

Based on announcements made through the stock exchange, the first time the investing public had any idea Nexgram was switching auditors was on July 20, when the company issued a notice of the EGM to consider the proposed change of auditors. The notice mentioned the resignation of SJ Grant Thornton, and yet, Nexgram hadn’t announced that development.

The relevant details only emerged the next day with the release of the circular to shareholders. Some of the fresh information certainly deserves greater attention.

In late June, SJ Grant Thornton told the Nexgram board that the fee for the 2015 audit would be increased from RM200,000 to RM500,000. The accounting firm said the hike was because it classified the 2015 audit as high-risk and would therefore need to use more resources for the job.

The high-risk classification is the result of “significant changes in the level of activities in the Nexgram group” and the Audit Oversight Board’s review of Nexgram’s 2014 audit files, which led to the requirement for additional work to be performed during the 2015 audit.

The board met on July 8 and agreed to reject the fee revision, describing it “not sensible and totally unreasonable”. On the same day, the board received Ko’s letter nominating CHI-LLTC as the new auditors and alluding to SJ Grant Thornton’s resignation.

But Nexgram received SJ Grant Thornton’s letter of resignation only on July 15, after the board had written to the firm on July 10 to say it wouldn’t accept the new audit fee.

In its circular to shareholders, Nexgram says it received Ko’s notice of nomination in “anticipation of the outcome of the negotiation with SJ Grant Thornton”.

That bit of pretzel logic can only trigger questions. How did Ko know about the directors’ stand on the higher audit fee? In fact, how is he — a person with merely 1,333 Nexgram shares — even aware of the fee revision? How and why has he chosen CHI-LLTC as the standby auditors out of the more than 50 other accounting firms in Malaysia that are registered as auditors of listed companies?

And why didn’t the nomination come from somebody else, say, Datuk Tey Por Yee, who was then Nexgram’s CEO and MD, and also a substantial shareholder?

According to the circular to shareholders, the board reviewed CHI-LLTC’s fee and engagement proposal, and after consulting the audit committee, it decided that the firm’s proposal was reasonable and cost-effective.

Posted by TeyPuki > 2016-03-29 08:55 | Report Abuse

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.

Posted by TeyPuki > 2016-03-29 08:57 | Report Abuse

Investigations to proceed despite the company withdrawing Ire-Tex offer

ALTHOUGH the takeover offer Nexgram Holdings Bhd made on Ire-Tex Corp Bhd is now off the table, it has not stopped regulators from pursuing their investigations on the former’s past dealings.

On Thursday, Nexgram turned things around by announcing its intention to withdraw its takeover offer on one-stop packaging service provider Ire-Tex. This came a day after it said it would take steps to bring in a special auditor to determine the veracity of some of its assets.

Yesterday, Nexgram also announced that its due diligence committee had taken heed of concerns made by regulators and followed up with a visit to Indonesia, where some of the questionable transactions are said to have transpired.

“The Nexgram board had formed the view that such observations appear to potentially point to inconsistencies with regards to details of certain assets with the Nexgram group,” the statement said.

Following this, Nexgram said it had formed a special committee comprising of four directors of which two are independent, to take necessary steps to address the matter, which include the appointment of a special auditor.

Still, if any evidence suggests Nexgram has not carried out its responsibilities towards shareholders, the company could face sanctions from the regulators, and depending on the severity, it could face criminal prosecutions, insiders say.

The Nexgram saga started after it launched a takeover offer on Ire-Tex last November, which was to be satisfied through issuance of new Nexgram shares.

According to its website, Nexgram says it is a multinational conglomerate involved in the telco, security and surveillance, software development, property development, industries, business advisories and investment activities sectors.

Its rationale to take over Ire-Tex was so it could continue its diversification by tapping into manufacturing and industrial segments.

StarBizWeek earlier reported that regulators had concerns over the takeover due to the veracity of certain assets in Nexgram.

However, it had insufficient grounds to disrupt the offer and continued to follow up on its leads.

Following this, Nexgram posted its offer document on Dec 11, 2015.

It is understood that both the Securities Commission and Bursa Malaysia met with the advisors and a representative of Nexgram’s board to request the verification of certain alleged bank balances by an independent accountant.

However, soon after, through Jan 11 and Jan 12, Nexgram announced that it had earlier entered into agreements to dispose of some of its subsidiaries, which according to the SC, were the subject of enquiry.

At the same time, Nexgram made some more changes in the company.

On Jan 14, the company announced that its co-founder Datuk Tey Por Yee (pic) had resigned as executive director to “pursue his personal interest and goals”.

Since his resignation, Nexgram has six directors left sitting on its board.

Interestingly, Tey has not sold off his stake in Nexgram. According to Bursa filings, Tey’s stake stands at 23.4%.

This led to the SC choosing to invoke its powers under the Capital Markets Securities Act (CMSA) under Section 217 to issue a public statement on its concerns relating to those assets, a first for the SC.

This course of action is seen as a rarity even in other countries, says a source.

The SC had issued the public statement on Jan 15, stating that Nexgram’s disposal of certain assets “delays and obstructs the ongoing enquiries by the SC and Bursa Malaysia”.

Since Nexgram was seen as being “uncooperative” in bringing in a special auditor to independently verify the value of its assets, Bursa had all this while held back on the greenlight for Nexgram’s circular to its shareholders related to the Ire-Tex deal.

This meant that Nexgram had not been able to call for an EGM to vote on the takeover proposal, which in turn could have led to the offer lapsing.

On Jan 11 and Jan 12, Nexgram announced that it had earlier entered into agreements to dispose of its subsidiaries – Nexgram Resources Sdn Bhd, Godynamic Investments Ltd and PT Semesta Tirta Antara Raya (through Godynamic) – which are believed to be the subject of the regulators’ enquiries.

Although it is not too clear which assets showed some red flags, it is worth taking a look at Nexgram’s balance sheet.

In its financial statements for the year ended April 30, 2014, the company had RM84.5mil in cash balances. However in the following year, a majority of that cash seemed to be reflected in as inventories. Its inventories moved from zero to RM89.8mil in the following financial year while its cash balances fell to RM31.1mil.

Sources say enquiries by the regulators are focused on the paper and cash trail of how those inventories were built up.

Posted by diuckpmak > 2016-03-29 08:59 | Report Abuse

Forgot his father took some from bribery? Kenny cannot answer. Lol lol lol

Posted by diuckpmak > 2016-03-29 08:59 | Report Abuse

Wash wash kenny

Posted by diuckpmak > 2016-03-29 09:00 | Report Abuse

Half way licking mak chong ket pen.

Posted by diuckpmak > 2016-03-29 09:00 | Report Abuse

Juicy juicy.

Posted by TeyPuki > 2016-03-29 09:00 | Report Abuse

LOL LOL LOL, I can do this all day LOL LOL LOL

Posted by diuckpmak > 2016-03-29 09:00 | Report Abuse

Bang bang mak chong ket pen. Lol lol lol

Posted by diuckpmak > 2016-03-29 09:01 | Report Abuse

Kenny angry. He wash and wash. Father chong ket pen bribery keep dug up again and again. Lol lol lol

Posted by diuckpmak > 2016-03-29 09:02 | Report Abuse

Protasco lelong also cannot repay billion dollar bribery. Chong ket pen can ask his son dug up from his grave. Situpit father and son. Lol lol lol

Posted by diuckpmak > 2016-03-29 09:02 | Report Abuse

Opps

Posted by diuckpmak > 2016-03-29 09:03 | Report Abuse

Lol lol lol. Kenny licking his grand ma all day. Lol lol lol

Posted by diuckpmak > 2016-03-29 09:03 | Report Abuse

Diu diu mak chong ket pen all day. Lol lol lol

Posted by diuckpmak > 2016-03-29 09:04 | Report Abuse

Wash kenny wash. His father chong ket pen bribery so big, his son can only wash.

Posted by diuckpmak > 2016-03-29 09:05 | Report Abuse

Let us find out. Here it goes!

MhdSuhaimi Ini yang syeok

Kalau protasco memang cuci bersih, chong ket pen yang bapak penipuan ini tipu protasco bila sign contract dan tidak beritahu lembaga director protasco.
Chong tipu lagi sign SD dan sumpah palsu.
Chong lagi report palsu beri rasuah untuk tutup lubang besar yang di buat dia sendiri
Chong adalah jenayah bapak sampah masyarakat. Bukti bukti sudah cukup masukkan dia ke penjara.

Posted by diuckpmak > 2016-03-29 09:05 | Report Abuse

je kenny kena tax dan sprm curi tahi. Khe khe khe

Sejak umur 3 kenny chong sudah jilat tahi bapaknya. Yang bapak dia makan wang di mulut, kenny chong ther nen makan tahi di belakang. Bapak dan anak geng jenayah cocok sekali. Umur 12 kenny chong sudah tahu curi makan tahi jirannya. Sampai satu kampung hilang tahi misteri hilang. Bila kenny chong masuk sekolah dia curi jenguk tandas perempuan cari cari tahi. Cikgu dia jadi saksi kenny chong ther nen curi lihat punggung murid perempuan, report polis ada banyal record, jadi dimasuk pusat pemulihan minda cacat.

Bila kenny chong di penjara, bapaknya chong ket pen makan lebih wang dan beri rasuah supaya kenny chong keluar dalam masa 5 tahun. Bila umur 18 kenny chong dimasuk geng jenayah bapaknya, jadi curi tahi seluruh jalan lawan indah water punya kontrak tetapi kalah.

Selepas di latih bapaknya jadi penjenayah kenny di masuk ke protasco untuk curi wang protasco. Properti yang kenny masuk campur semua tahi di makan, sampai papan tandas pun dia telan. Komplain pembeli sudah banyak report polis penipuan jual rumah rosak dan paling penting tahi hilang.

Protasco sudah jadi rosak sebab penjenayah bapak dan anak chong beri rasuah dan makan wang tidak di kawal. Sudah ada polis yang mahu masuk itu kenny sekali lagi，hanya tunggu tahi hilang lagi.

Posted by diuckpmak > 2016-03-29 09:06 | Report Abuse

MhdSuhaimi 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

Posted by diuckpmak > 2016-03-29 09:06 | Report Abuse

Did you know?

baca ayat 2:191: And kill them wherever you overtake them and expel them from wherever they have expelled you, and fitnah is worst than killing. And do not fight them in Al-Masjid and Al-Haram until they fight you there. And if they fight you, then kill them. Such is the recompense of the disbelievers.

Muslim terutama, lihat penyakit dan sesak jiwa yang melanda penjenayah fitnah. Mhd Ibrahim Nor, Tan Sri Hadenan, Dato Haniff, pada masa fitnah di laksanakan, akan di panggil Allah jiwa, badan, kepala, tangan, kaki, dan hati yang dilanda racun satu persatu sampai hayat terakhir ke neraka. Cuba tanya kelompok berdosa protasco apakah terjadi korban maha esa?

Posted by diuckpmak > 2016-03-29 09:08 | Report Abuse

Juicy mak chong ket pen gave birth to son of beetch, caught confess to his son:

So here he goes again dug his father billion dollar bribery up from his grave. Lol lol lol
Protasco office. Papa chong ket pen to son kenny chong ther nen:
"I got something to tell you. First you are not my son of origin. You have more siblings outside. Don't ask me why. Second, dad had siphoned billions of dollars and took some of the bribery money. That is how i gets money to buy protasco shares. The masters found out and is after me, the authority is after me. It's true son, our foreign country passport ready is not for fun. Now is time. We have to run to A (Africa). Third, I hide the criminal record with H. He knows nothing but the truth of all those years of records os safe with him. We cannot run away. Put blame and do all crime instigate on the two scapegoat does buy us some time and made them look bad but compared to ours, it's gigantic. When ours shoots up, it's 10 times worst. Never admit the bribery although I did not tell you. They will show you all the records and proofs, just deny. When time comes dad will take all blame. You run away, the money siphoned out there, you run and never come back. Here is the key, the book and list of people you shall contact when sheet shoot to roof. Billion dollars son, we should have taken more, but dad can't. Protasco will goes down when bubble burst. Before that dad is siphoning money to buy all shares whatever cost. Be it 3 ringgit, son. Bad will cheat and rob to get you out. "

Posted by diuckpmak > 2016-03-29 09:09 | Report Abuse

Grandy mak chong ket pen, here i come. Continue our bang bang. Lol lol lol

Posted by TeyPuki > 2016-03-29 09:16 | Report Abuse

Investigations to proceed despite the company withdrawing Ire-Tex offer

ALTHOUGH the takeover offer Nexgram Holdings Bhd made on Ire-Tex Corp Bhd is now off the table, it has not stopped regulators from pursuing their investigations on the former’s past dealings.

On Thursday, Nexgram turned things around by announcing its intention to withdraw its takeover offer on one-stop packaging service provider Ire-Tex. This came a day after it said it would take steps to bring in a special auditor to determine the veracity of some of its assets.

Yesterday, Nexgram also announced that its due diligence committee had taken heed of concerns made by regulators and followed up with a visit to Indonesia, where some of the questionable transactions are said to have transpired.

“The Nexgram board had formed the view that such observations appear to potentially point to inconsistencies with regards to details of certain assets with the Nexgram group,” the statement said.

Following this, Nexgram said it had formed a special committee comprising of four directors of which two are independent, to take necessary steps to address the matter, which include the appointment of a special auditor.

Still, if any evidence suggests Nexgram has not carried out its responsibilities towards shareholders, the company could face sanctions from the regulators, and depending on the severity, it could face criminal prosecutions, insiders say.

The Nexgram saga started after it launched a takeover offer on Ire-Tex last November, which was to be satisfied through issuance of new Nexgram shares.

According to its website, Nexgram says it is a multinational conglomerate involved in the telco, security and surveillance, software development, property development, industries, business advisories and investment activities sectors.

Its rationale to take over Ire-Tex was so it could continue its diversification by tapping into manufacturing and industrial segments.

StarBizWeek earlier reported that regulators had concerns over the takeover due to the veracity of certain assets in Nexgram.

However, it had insufficient grounds to disrupt the offer and continued to follow up on its leads.

Following this, Nexgram posted its offer document on Dec 11, 2015.

It is understood that both the Securities Commission and Bursa Malaysia met with the advisors and a representative of Nexgram’s board to request the verification of certain alleged bank balances by an independent accountant.

However, soon after, through Jan 11 and Jan 12, Nexgram announced that it had earlier entered into agreements to dispose of some of its subsidiaries, which according to the SC, were the subject of enquiry.

At the same time, Nexgram made some more changes in the company.

On Jan 14, the company announced that its co-founder Datuk Tey Por Yee (pic) had resigned as executive director to “pursue his personal interest and goals”.

Since his resignation, Nexgram has six directors left sitting on its board.

Interestingly, Tey has not sold off his stake in Nexgram. According to Bursa filings, Tey’s stake stands at 23.4%.

This led to the SC choosing to invoke its powers under the Capital Markets Securities Act (CMSA) under Section 217 to issue a public statement on its concerns relating to those assets, a first for the SC.

This course of action is seen as a rarity even in other countries, says a source.

The SC had issued the public statement on Jan 15, stating that Nexgram’s disposal of certain assets “delays and obstructs the ongoing enquiries by the SC and Bursa Malaysia”.

Since Nexgram was seen as being “uncooperative” in bringing in a special auditor to independently verify the value of its assets, Bursa had all this while held back on the greenlight for Nexgram’s circular to its shareholders related to the Ire-Tex deal.

This meant that Nexgram had not been able to call for an EGM to vote on the takeover proposal, which in turn could have led to the offer lapsing.

On Jan 11 and Jan 12, Nexgram announced that it had earlier entered into agreements to dispose of its subsidiaries – Nexgram Resources Sdn Bhd, Godynamic Investments Ltd and PT Semesta Tirta Antara Raya (through Godynamic) – which are believed to be the subject of the regulators’ enquiries.

Although it is not too clear which assets showed some red flags, it is worth taking a look at Nexgram’s balance sheet.

In its financial statements for the year ended April 30, 2014, the company had RM84.5mil in cash balances. However in the following year, a majority of that cash seemed to be reflected in as inventories. Its inventories moved from zero to RM89.8mil in the following financial year while its cash balances fell to RM31.1mil.

Sources say enquiries by the regulators are focused on the paper and cash trail of how those inventories were built up.

Posted by TeyPuki > 2016-03-29 09:16 | Report Abuse

Here is the lesson from warren buffet to help you choose the company to invest in.

Never trust the financial report. It can be cooked. Like nexgram's financial report, it was cooked til burnt and can't even be eaten.

Never trust the number in the counter. It can be over valued because it was cooked. Like nexgram's counter.

So what to do?

You have to scrutinize the company that you invest your money or planned to invest to. And if you look into nexgram, then you will see the signal to cut loss:

- nexgram got it big break from inovisi and depended on inovisi and other overseas subsidiaries for source of revenue. Now, inovisi and the companies are bankrupt.

- nexgram was used by tey and ooi in their scheme to cheat others.

- nexgram attempted to hide it subsidiaries' owners (pt star, gold dynamic etc) by claiming they don't have information (what????).

- the owners of the said subsidiaries are tey and ooi as indicated by the fact that dedi francis was and is the director in both companies.

- three out of nexgram's directors quit nexgram citing protasco's suit against tey and ooi as the reason.

- tey was ousted from nexgram.

Etc.

Posted by TeyPuki > 2016-03-29 09:17 | Report Abuse

PERDAGANGAN saham PT Inovisi Infracom Tbk (INVS) masih dihentikan sementara (suspend) alias dibekukan. PT Bursa Efek Indonesia (BEI) sudah berkali-kali menyurati perusahaan investasi tersebut.

Otoritas pasar modal itu sudah melayangkan berbagai pertanyaan kepada Inovisi, mulai dari soal pelanggan dan pemasok utama, sampai laporan kinerja keuangan perusahaan.

Berbagai pertanyaan interogasi itu tertuang dalam surat Bursa Nomor S-01264/BEI.PG/05-2015 yang dikirimkan pada 15 Mei 2015. Inovisi pun membalas surat ini pada 20 Mei 2015.

Surat tersebut dibuka kepada publik di laporan keterbukaan informasi BEI, seperti dikutip Rabu (27/5). Berikut ini isi tanya-jawab antara BEI dan Inovisi dalam surat balasan perusahaan.

Terkait Pelanggan dan Pemasok Utama Perseroan


1. Identitas mengenai pelanggan dan pemasok utama (pelanggan pemasok dengan nilai melebihi 10 persen dari jumlah pendapatan bersih) Perseroan sebagai berikut:

a. PT Indomax Mediacom (IM)

b. PT Media Artha Raya Semesta (MARS)

c. PT Semesta Tirta Antara Raya (STAR)

d. PT Fantasi Artis Media Entertainment (FAME)

e. PT Funmobi Nusantara (FN)


"Informasi ini tidak dapat kami sampaikan kepada publik dan jawaban kami kirimkan kepada bursa dalam format cetak," kata Corporate Secretary Inovisi, Dwiwati Riandhini, dalam surat tersebut.


2. Apakah pelanggan dan pemasok utama perseroan di atas merupakan satu grup perusahaan? Apabila ya, mohon disampaikan struktur perusahaan dalam grup perseroan tersebut. "Tidak."


3. Apakah pelanggan dan sama lain utama perseroan di atas memiliki hubungan afiliasi satu sama lain? Apabila ya, disampaikan sifat hubungan afiliasi pada masing-masing perusahaan tersebut. "Tidak."


4. Apakah terdapat karyawan yang bekerja merangkap pada beberapa perusahaan pelanggan atau pemasok utama di atas? Mohon jelaskan alasan perangkapan pekerjaan tersebut (jika ada). "Perseroan tidak mengetahui apakah terdapat karyawan yang bekerja merangkap pada beberapa perusahaan pelanggan atau pemasok utama perusahaan."


5. Berdasarkan kondisi per 30 September 2014, apakah perseroan punya piutang macet? Dari pelanggan utama di atas. Apabila ya, mohon dapat disebutkan. "Jawaban terlampir."


Terkait Inovisi Selaku Induk Perusahaan


1. Mohon disampaikan struktur organisasi lengkap perseroan. "Perseroan saat ini tengah dalam proses penggantian manajemen inti, termasuk dewan komisaris dan direksi dan akan membentuk tim restrukturisasi.



2. Berdasarkan laporan keuangan dan kontrak yang disampaikan, perseroan selaku induk menjual beberapa jasa kepada pelanggan utama antara lain: a. InoConnect Bandwidth Optimizer. b. IP Interconnection. c. SpeedMessanger (Tier I Messaging and VAS Messaging). d. InoConnect VAS Messaging.

Mohon disampaikan


a. Nama bagian/divisi. b. Lokasi atau alamat operasional bagian yang dimaksud. c. Jumlah karyawan. d. Rincian nama karyawan dan kepala bagian. "Informasi ini tidak dapat kami sampaikan kepada publik dan jawaban kami kirimkan kepada bursa dalam format cetak," kata Corporate Secretary Inovisi, Dwiwati Riandhini, dalam surat tersebut.


3. Apakah selama 3 tahun terakhir perseroan (selaku induk saja) menjual produk sejenis di atas selain kepada IM, MARS, dan Star? Apabila ya, mohon disebutkan nama pelanggan perseroan. "Ya, nama pelanggan perseroan PT Nextnation Prisma."


4. Mengingat tingginya jumlah pengaduan dari publik mengenai ketersediaan Corporate Secretary dalam hal menanggapi pertanyaan pemegang saham maupun publik, mohon disampaikan nomor contact person Corporate Secretary yang dapat dihubungi pemegang saham atau investor. "Nomor telepon kantor 021-52901316/52901317."


5. Apakah perseroan memiliki keterkaitan manajemen atau pemegang saham dengan: a. PT Royal Trust Futures. b. Renewable Power Indonesia Tbk (dulu PT Katarina Utama Tbk). "Tidak, perseroan tidak memiliki keterkaitan manajemen atau pemegang saham dengan PT Royal Trust Futures dan Renewable Power Indonesia Tbk."


Terkait Laporan Keuangan


1. Berdasarkan hasil dengan pendapat antara bursa dan perseroan pada 11 Februari 2015, perseroan menyampaikan dan menyadari adanya kesalahan penyajian pada laporan keuangan (LK) per 30 September 2014 namun tidak segera menyampaikan keterbukaan informasi atau revisi LK. Mohon disampaikan alasannya. "Perseroan sedang melakukan revisi dan berencana menyampaikan revisi tersebut kepada bursa begitu laporan selesai."

Posted by diuckpmak > 2016-03-29 09:17 | Report Abuse

Lol lol lol. Little kennu wash wash.

Posted by diuckpmak > 2016-03-29 09:17 | Report Abuse

Opps. Wash again

Posted by diuckpmak > 2016-03-29 09:17 | Report Abuse

Wow wash he goes

Posted by TeyPuki > 2016-03-29 09:18 | Report Abuse

2. Berdasarkan hasil dengan pendapat antara bursa dan perseroan pada 6 Mei 2015, pihak auditor perseroan (KAP Jamaludin, Ardi, Sukimto, dan rekan) menyampaikan bahwa perseroan/auditor adanya kesalahan penyajian pada LK 31 Desember 2013 namun tidak segera menyampaikan keterbukaan informasi atau revisi LK. Mohon disampaikan alasannya. "Perseroan hanya menemukan kesalahan pada bagian rumus perhitungan Aktiva Tetap dan telah melaporkan kepada auditor. Perseroan menyerahkan keputusan revisi kepada auditor."


3. Apakah perseroan sebelumnya menyadari adanya kesalahan penyajian LK 31 Maret 2014 dan 30 Juni 2014? Apabila ya mohon disampaikan latar belakang perseroan tidak segera menyampaikan keterbukaan informasi ataupun menyampaikan revisi LK yang telah dipublikasikan. "Perseroan tidak menyadari adanya kesalahan penyajian LK per 31 Maret 2014 dan 30 Juni 2014."


4. Apakah perseroan yakin tidak terdapat salah saji pada LK 2012, 2011, dan 2010? "Ya, perseroan yakin tidak terdapat salah saji pada LK 2012, 2011, dan 2010."


5. Mohon disampaikan daftar transaksi pada perseroan yang bersifat afiliasi selama 3 tahun terakhir. - PT Graha Tunas Makmur, anak usaha yang menyewakan ruang kantor ke perseroan. - PT Andaman Lestari Multikreasi, anak usaha yang menyediakan tenaga kerja. - PT Greenpine, pemegang saham yang memberi pembiayaan untuk operasional.


6. Nama KAP yang akan melakukan audit LK per 31 Desember 2014? "Perseroan sedang dalam proses penunjukan KAP baru dan akan diputuskan minggu ini."


Terkait Pengendalian Internal Perseroan


1. Mohon penjelasan mengenai pelaksanaan separation of duties atau pemisahan fungsi/tugas keuangan sebagai pengendali internal di perseroan? "Saat ini, pada intinya hanya terdapat pemisahan tugas antara bagian finance dan accounting. Separation of duties yang lebih maju akan dilakukan seiring dengan restrukturisasi perusahaan."


2. Apakah perseroan punya fungsi Internal Audit ? Apabila ya mohon disebutkan: a. Jumlah personel Internal Audit: 1 b. Nama karyawan yang bertugas di bagian Internal Audit: Tyty Chandra. "Sejalan dengan rencana restrukturisasi yang segera akan dilakukan, tim internal audit akan pula dikembangkan dan difungsikan seusia peraturan yang berlaku guna meningkatkan tata kelola perusahaan (corporate governance). Perubahan struktur Internal Audit akan kami laporkan kepada otoritas dan publik."


3. Mohon dapat disampaikan jumlah dan hasil rapat komite audit perseroan selama 3 tahun terakhir. "Komite Audit melakukan rapat reguler, tapi perseroan belum mendapatkan detail lengkap pada hari pengumpulan laporan ini. Hasil rapat yang sudah 22 April 2015, hasilnya adalah perlunya edaran ke anak perusahaan terkait batas waktu pengumpulan laporan keuangan. Hasil rapat 10 September 2014, hasilnya perlunya komunikasi intensif antara dewan komisaris dan dewan direksi terkait rencana setiap aksi korporasi”. (net/lhl/k15)

Posted by diuckpmak > 2016-03-29 09:18 | Report Abuse

Here goes

Posted by TeyPuki > 2016-03-29 09:18 | Report Abuse

One of reality distortion field that clouded tey and ooi's judgment.

They think that they have deep connection that will protect them when their crime is exposed. For example: ooi kock aun filed complaint to macc and not entertained. Well, macc's chairman is the board chairman at protasco and protasco is a company under the protection of Tun Daim.

Another example, tey and ooi think they could used their indonesian nominee as a scape goat for their crime. Little that they know, the said indonesian nominee have deep connection to indonesian politician and conglomerate. For example, his brother is a senior director in one of the largest conglomerate in indonesia (top 5). So in attempt to deter this nominee from telling the truth, tey and ooi instructed their other nominee to filed police report against this rogue nominee. Not only the case is stalled eventhough tey and ooi hired a dirty lawyer to pay corrupt cop in the amount of idr 2billion to carry out the attack, but upon the counter attack of this nominee, pt inovisi's office was raided by the indonesian police to the shock and horror of tey and ooi.

Tey and ooi's enemy in singapore also has cooperate with the immigration office to supervise tey and ooi activity in singapore. Because of this it is found out that recently tey met with dedi francis, his most loyal nominee in singapore to discuss the strategy. Dedi used to work at frank & co, pt suka permai santosa and pt go dynamic who made many communication with tey and his malaysian cohort. For example he communicate with adolf chien fay lie, a director of hytex integrated bhd in number 628196789. Hytex shareholders are owned by tey por yee, nutox ltd (which director is adolf) and pt nusantara rising rich.

If you read this, yes tey por yee and ooi kock aun, we monitor all your activities and you will not escape from your crimes. It time to pay the piper LOL LOL LOL

Posted by diuckpmak > 2016-03-29 09:18 | Report Abuse

Opps kenny dont cry. Wash faster. Father chong ket pen bribery surface again. Opps.

Posted by TeyPuki > 2016-03-29 09:19 | Report Abuse

I already repeatedly asked Tey on the identity of the consultant, client, etc but he failed to answer. So we can assume that these are just another lies concocted by Tey and Ooi.

Basically, Tey and Ooi's defense (which can be found in numerous blogs set up by them) are as follows:

1. Tey and Ooi are consultants for Indonesian clients who are looking for investors.

Facts: according to the term's sheet signed by Tey and Herman, they are business partners that will develops the oil field in aceh province.

2. Tey and Ooi introduced PT ASU, indonesian vendors, to Protasco.

Facts: PT ASU was established after the fact by Tey and Ooi. It director and commisioner are nominees of Tey and Ooi.

3. Tey and Ooi are brokers whom main business is introduction projects for profits.

Facts: the deal between globalcap/Tey and Ooi's company and Herman Koswara, as well with Dato Chong/Protasco were to co-develop the oil and gas project in kuala simpang and not a brokerage deal.

4. Tey and Ooi obtained the oil and gas project before they were appointed as Protasco's director so there is no fiduciary duty to disclose full information on the deal.

Facts: the statutory duties and fiduciaries duties existed since the first day Tey and Ooi accepted their appointment. So, instead of offering Protasco RM 176million to buy the stake of PT FAS, they should have offered the IDR 31million with Herman Koswara and Benny Tjokro.

5. Tey and Ooi found trails of money that proof Dato Chong received bribe to facilitate the oil and gas deal.

Facts: the so called trails actually series of money transfers between companies owned by Tey Por Yee and Ooi Kock Aun, i.e. PT ASU and PT Nusantara Rising Rich etc. The money is part of repayment of a loan by Dato Chong so Tey could finalize the acquisition of Tun Daim's protasco stakes.

6. Tey and Ooi are saviours to Dato Chong.

Facts: can you really call yourself savior if from day one you already devised a plan to cheat the person you supposed to save?

7. Dato Chong failed to inform the board on the existence of investment agreement with Tey Por Yee as well as the project.

Facts: Protasco's IC already confirmed that they are aware of the existence of such agreement and the reason Tey and Ooi agreed to buy Tun Daim's stakes. Further the board unanimously adopted the agreement by way of circular resolution.

8. Tey and Ooi are innocence and were framed by Dato Chong.

Facts: tey and ooi crimes includes, inter alia, extortion, forging documents, perjury (lying in statutory documents), fraud, embezzlement, false statements to the sc, obstruction of justice, bribery, cheat, contempt of court, libel, slander, etc.

Posted by diuckpmak > 2016-03-29 09:19 | Report Abuse

Bonus round:

So here he goes again dug his father billion dollar bribery up from his grave. Lol lol lol
Protasco office. Papa chong ket pen to son kenny chong ther nen:
"I got something to tell you. First you are not my son of origin. You have more siblings outside. Don't ask me why. Second, dad had siphoned billions of dollars and took some of the bribery money. That is how i gets money to buy protasco shares. The masters found out and is after me, the authority is after me. It's true son, our foreign country passport ready is not for fun. Now is time. We have to run to A (Africa). Third, I hide the criminal record with H. He knows nothing but the truth of all those years of records os safe with him. We cannot run away. Put blame and do all crime instigate on the two scapegoat does buy us some time and made them look bad but compared to ours, it's gigantic. When ours shoots up, it's 10 times worst. Never admit the bribery although I did not tell you. They will show you all the records and proofs, just deny. When time comes dad will take all blame. You run away, the money siphoned out there, you run and never come back. Here is the key, the book and list of people you shall contact when sheet shoot to roof. Billion dollars son, we should have taken more, but dad can't. Protasco will goes down when bubble burst. Before that dad is siphoning money to buy all shares whatever cost. Be it 3 ringgit, son. Bad will cheat and rob to get you out. "

Posted by TeyPuki > 2016-03-29 09:19 | Report Abuse

Before it demise, the following happens to PT Inovisi Infracom Tbk:

- the police raided the office of Inovisi.
- it shares dropped 70% in a matter of days.
- it sell it assets to an obscure chinese company, fortune phoenix.
- it founders, one Adrian Ooi Kock Aun resigned from the board.
- it was probed by the sc over irregularities in many corporate actions.

Let see if Nexgram share the same conditions:

- police raided it office? Check
- it shares dropped 40% in a matter of month? Check
- it sell it asset to an obscure company (vast wealth management)? Check
- it founders, Larry Tey Por Yee resigned from the board? Check
- it was probed by the sc over irregularities in their corporate action? Check

A quote from Albert Einstein: insanity is doing the same thing over and over again and expecting different results.

Do you think nexgram would be able to escape the fate of inovisi when adrian ooi kock aun and larry tey por yee does the same things in nexgram and in jnovisi? LOL LOL LOL

Posted by diuckpmak > 2016-03-29 09:19 | Report Abuse

Lol lol lol. Diu chong ket pen mak once more.

Posted by TeyPuki > 2016-03-29 09:20 | Report Abuse

Monday, 18 January 2016 | MYT 11:15 PM
Nexgram in the dark on various aspects of its proposed share sale

KUALA LUMPUR: Nexgram Holdings Bhd, which plans to sell its 69.6% stake in Godynamic Investments Ltd (GIL) to Vast Wealth Management Corp for RM34.8mil, does not have information on details such as who Vast Wealth’s shareholders are.

The company, whose businesses range from IT services provision to property development, told Bursa Malaysia that it also currently did not know how the disposal of its stake in the mobile application service subsidiary would affect the group’s earnings per share, net assets per share and gearing.

Nor does it know the expected gains or losses to the group arising from this proposed sale, which was announced last week.

Replying to Bursa’s query, Nexgram said it would submit details on various questions asked by the regulator “in due course once the information is available.”

On Jan 12, Nexgram announced the disposal of the entire stake in GIL, which owns 84% in Indonesia-based mobile application service/mobile security operations.

In the notice, the company said the GIL group had been making losses for the financial years 2012 to 2014. In the 2015 financial year it made an after-tax profit of RM3.5mil, but Nexgram said this was mainly due to the implementation of a cost-cutting strategy which it is not expected to benefit from anymore due to the tougher business environment.

“The proposed disposal will enable Nexgram to focus on other existing profitable business segments, e.g. property and trading of surveillance equipment,” it said.

Nexgram, via unit Nextnation Network Sdn Bhd, had boosted its stake in GIL from 51% to 69.6% less than a year ago (in April 2015).

It paid RM18.53mil for the additional 18.6% stake. Based on this purchase price, the entire 69.6% stake was valued at RM69.3mil at the time of purchase.

On Friday last week the SC expressed reservations on Nexgram’s takeover of Ire-Tex Corp Bhd - another company linked to Datuk Tey Por Yee - following an ongoing probe into the sale of Nexgram’s subsidiaries, including GIL.

Nexgram shares fell 1 sen to close at 7.5 sen on Monday, with 34.499 million shares changing hands.

---

Well, i can say this much, Tey and Ooi's company in indonesia (inovisi) also answered "this don't know that don't know" when being probed by the indonesian with regard to it corporate action and disposal of assets LOL LOL LOL LOL

Posted by TeyPuki > 2016-03-29 09:20 | Report Abuse

Nexgram’s change of auditors raises a lot of questions

WHO says minority shareholders are a helpless lot? How can that be true when a person with a minuscule number of shares in a listed company became the only one to nominate the new external auditors for the company? And he didn’t even have to explain why he did so.

He just threw out the name of the accounting firm and came up with a proposed resolution to be tabled at an extraordinary general meeting.

It was then up to the board of directors to assess the suitability of the firm. The board decided that the appointment of the new auditors was in the best interest of the company and its shareholders, and thus recommended that shareholders at the EGM vote for the proposed change of auditors. The shareholders did as advised.

Take a bow, Ko Boon Leong of Setapak, Kuala Lumpur. If there were such a thing as the Tiny-but-Mighty Corporate Player of the Year Award, you’d likely be a top candidate for 2015.

Then again, an accolade like that shouldn’t be given away cheaply. There should be diligent scrutiny. Let’s go over the story and raise questions when necessary.

But first, the reason this has come up is because the auditors appointed last year now wants to step down, after less than six months in that role. Accounting firm CHI-LLTC explained that its workforce had shrunk recently and it therefore couldn’t handle the increasing work arising from the listed company’s “recent expansion plan”.

The listed company is Nexgram Holdings Bhd, which has been in the news lately after the Securities Commission had issued a public statement on Jan 15 regarding the company’s offer to buy all the securities of Ire-Tex Corp Bhd. It was revealed that three subsidiaries of Nexgram are the focus of ongoing enquiries by the SC and Bursa Malaysia. On Thursday, Nexgram applied for consent from the SC to withdraw the offer for the Ire-Tex securities.

Back to the replacement of auditors last year. On July 8, Ko sent a letter to Nexgram to nominate CHI-LLTC as the new auditors, taking over from SJ Grant Thornton. He also offered a draft resolution for the proposed change.

According to the letter, Ko had 1,333 Nexgram shares. That’s almost nothing compared with the company’s 1.88 billion issued shares. Nevertheless, as a shareholder, he’s entitled to nominate the auditors, according to the Companies Act.

But why him? And why make the nomination at that point, when there had been no disclosure regarding a need to change auditors?

Based on announcements made through the stock exchange, the first time the investing public had any idea Nexgram was switching auditors was on July 20, when the company issued a notice of the EGM to consider the proposed change of auditors. The notice mentioned the resignation of SJ Grant Thornton, and yet, Nexgram hadn’t announced that development.

The relevant details only emerged the next day with the release of the circular to shareholders. Some of the fresh information certainly deserves greater attention.

In late June, SJ Grant Thornton told the Nexgram board that the fee for the 2015 audit would be increased from RM200,000 to RM500,000. The accounting firm said the hike was because it classified the 2015 audit as high-risk and would therefore need to use more resources for the job.

The high-risk classification is the result of “significant changes in the level of activities in the Nexgram group” and the Audit Oversight Board’s review of Nexgram’s 2014 audit files, which led to the requirement for additional work to be performed during the 2015 audit.

The board met on July 8 and agreed to reject the fee revision, describing it “not sensible and totally unreasonable”. On the same day, the board received Ko’s letter nominating CHI-LLTC as the new auditors and alluding to SJ Grant Thornton’s resignation.

But Nexgram received SJ Grant Thornton’s letter of resignation only on July 15, after the board had written to the firm on July 10 to say it wouldn’t accept the new audit fee.

In its circular to shareholders, Nexgram says it received Ko’s notice of nomination in “anticipation of the outcome of the negotiation with SJ Grant Thornton”.

That bit of pretzel logic can only trigger questions. How did Ko know about the directors’ stand on the higher audit fee? In fact, how is he — a person with merely 1,333 Nexgram shares — even aware of the fee revision? How and why has he chosen CHI-LLTC as the standby auditors out of the more than 50 other accounting firms in Malaysia that are registered as auditors of listed companies?

And why didn’t the nomination come from somebody else, say, Datuk Tey Por Yee, who was then Nexgram’s CEO and MD, and also a substantial shareholders?

http://www.thestar.com.my/business/business-news/2016/01/23/the-tiny-but-mighty-shareholder/

Smell like something fishy is going on LOL LOL LOL

Posted by diuckpmak > 2016-03-29 09:20 | Report Abuse

Kenny wash anywhere, his father chong ket pen billion dollar bribery still dug up. Wash kenny wash.

Posted by TeyPuki > 2016-03-29 09:21 | Report Abuse

Wow, Adrian Ooi got so many porns in his Youtube's channel. No wonder he cheated on his wife with an Indon bohsia cum house maid LOL LOL LOL

https://www.youtube.com/channel/UCLD7e3IdnQT0dBSASS9YtFg

And look

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

https://www.youtube.com/watch?v=kDlQQNA_LEM

Look, a devil is being covered by a bangla bodyguard LOL LOL LOL


Inovisi was probed by the indonesia sc over it transaction and disposal of assets. Sounds familiar? LOL LOL LOL

http://m.kaltim.prokal.co/read/news/229549-saham-dibekukan-inovisi-diinterogasi

Posted by TeyPuki > 2016-03-29 09:21 | Report Abuse

Bonus round.

24 Oct 2012 Larry Tey Por Yee via Global Cap Venture signed Term Sheet with Herman Koswara, the controlling shareholders of PT Fas. The purpose of the term sheet is to acquire project kuala simpang timur oil field. It is agreed that Larry will purchase Herman's shares priced at IDR 6billion (Larry has only paid IDR 3billion).

1 November 2012 Larry Tey Por Yee and Benny Tjokro agreed on how to move forward with handling over Benny's shares at PT Fas, i.e. Tey Por Yee paid the operational costs of PT Haseba as of the date of the agreement and Larry Tey Por Yee take over Benny's debt at Mayapada Bank in the amount or IDR 23 Billion (both conditions are not fulfilled). However in the said date Larry already received the shares of PT Fas belonged to Benny Tjokro. Tey put the shares in PT Asi.

28 December 2012: Larry Tey Por Yee sold his shares to Protasco Berhad in the amount of USD 55million without notifying Herman and Benny.

21 May 2013 Larry Tey Por Yee sent a forged invitation for egms of PT Haseba which will be held at the office of Djamkk Asmur, the public notary in Aceh.

14 August 2013: to pay his debt to Benny, Larry wired in IDR 5billion and put Inovisi's shares as a guarantee. Few month later when Larry is in default; Benny attempted to execute the block of Inovisi's shares and finds that the value has dropped to a meager 10% of its initial value.

23 August 2013 Larry Tey Por Yee changed the directors and commisioners of PT Haseba based on the illegal egms.

24 February 2014 Herman Koswara and Benny Tjokro lodged police report against Larry Tey Por Yee alleging that he forged Herman and Benny's signature and defrauded them.

1 April 2014 Benny Tjokro through it vehicle PT Dayasakti Putradharma filed lawsuit against PT Anglo Slavic Indonesia at south jakarta district court.

25 April 2014 Koperasi Sejahtera Bersama filed lawsuit against PT Green Pine, Jerry Djajasaputra, PT Equator Securities and PT Inovisi Infracom Tbk arguing that it had invested IDR 125billion in PT Inovisi which was guaranteed by a block of Inovisi's shares. But it had not seen any profit and when they attempted to cash in on the shares, it shares dropped significantly.

11 December 2014 Benny Tjokro and Larry Tey signed settlement agreement in which Larry agreed to pay IDR 18billion, at the latest 28 January 2015. Up to this day Larry failed to honor this settlement agreement.

8 July 2015 The court ruled in favour of Koperasi Sejahtera Bersama and order Inovisi to pay IDR 200billion.

15 July 2015 Indonesian police raided the office of PT Inovisi Infracom Tbk.

December 2015 PT Inovisi Infracom Tbk closed down it business without prior notice to the investors and employees after failing to pay rent and utilities to Patra Jasa's building management. It management went hiding.

LOL LOL LOL LOL

Posted by diuckpmak > 2016-03-29 09:22 | Report Abuse

Protasco lelong also cannot repay. Chong ket pen bribery crime. Dug up again by his own son. Lol lol lol

Posted by TeyPuki > 2016-03-29 09:22 | Report Abuse

Yeah....and lookie here...On Feb 2, 2016, the Indonesian SC decided to extend the suspension of PT Inovisi's counter citing their failure to submit audited annual report to the SC LOL LOL

http://redaksi.co.id/47427/otoritas-bursa-lanjutkan-suspensi-4-saham.html

The management of PT Inovisi would not be able to produce such report as currently they went hiding like the slimey mice they are LOL LOL

Inovisi also failed to pay the annual listing fee:

http://economy.okezone.com/read/2016/03/24/278/1344702/bei-perpanjang-suspensi-7-emiten-nakal

Can't pay rent and can't pay annual fee? that is the fate of nexgram. Believe that LOL LOL

Speaking of which....anyone got the update on Nexgram's special committee report on Gold Dynamic and PT STAR? No news? Obviously since both are fictitious company owned by Tey Por Yee and Ooi Kock Aun...

http://www.thestar.com.my/business/business-news/2016/01/22/nexgram-sets-up-special-committee-to-address-possible-inconsistencies/

Any news on this so called nexgram venture to property in Fiji? LOL LOL LOL

http://www.bursacommunity.com/t22326-nexgram-ventures-into-property-development-in-fiji

Another fictitious project from yours truly: Tey Por Yee and Ooi Kock Aun.

Prior to it demise, the management of PT Inovisi also made numerous announcement on such and such projects or this and that acquisitions, which now we know it fictitious LOL LOL...

Ooo..and blessed are your eyes because they see and your ears because they hear. The heart of the people here has become dull. With their ears they scarcely hear and they have closed their eyes, otherwise with their heart, eyes and ears they will understand that nexgram is a company that soon be foreclosed.
25/03/2016 10:41

Posted by diuckpmak > 2016-03-29 09:22 | Report Abuse

Double bonus:

So here he goes again dug his father billion dollar bribery up from his grave. Lol lol lol
Protasco office. Papa chong ket pen to son kenny chong ther nen:
"I got something to tell you. First you are not my son of origin. You have more siblings outside. Don't ask me why. Second, dad had siphoned billions of dollars and took some of the bribery money. That is how i gets money to buy protasco shares. The masters found out and is after me, the authority is after me. It's true son, our foreign country passport ready is not for fun. Now is time. We have to run to A (Africa). Third, I hide the criminal record with H. He knows nothing but the truth of all those years of records os safe with him. We cannot run away. Put blame and do all crime instigate on the two scapegoat does buy us some time and made them look bad but compared to ours, it's gigantic. When ours shoots up, it's 10 times worst. Never admit the bribery although I did not tell you. They will show you all the records and proofs, just deny. When time comes dad will take all blame. You run away, the money siphoned out there, you run and never come back. Here is the key, the book and list of people you shall contact when sheet shoot to roof. Billion dollars son, we should have taken more, but dad can't. Protasco will goes down when bubble burst. Before that dad is siphoning money to buy all shares whatever cost. Be it 3 ringgit, son. Bad will cheat and rob to get you out. "

Posted by TeyPuki > 2016-03-29 09:23 | Report Abuse

Could it be that the requisition has to do with recent shareholding changes?

Soo and Saw, along with other family members, used to be longtime majority shareholders of Hytex, mainly via Precious Continent Sdn Bhd. Soo is the founder of the business. The family ceased to be substantial shareholders when Precious Continent disposed of all its Hytex shares in two transactions in January and February this year.

It appears that a large chunk of these shares were picked up by the requisitionists (Nutox and Rising Rich).

> Who’s behind the requisitionists?

Nutox was incorporated in the tax haven of British Virgin Islands. Its registered address is a post-office box in a building there. A Google search shows that dozens of other companies shares that exact address. Rising Rich is based in an office block in Jakarta.

When the two companies separately emerged as substantial shareholders of Hytex, filings with Bursa Malaysia revealed that each was controlled by an Indonesian man – Adolf Chien Fay Lim at Nutox and Dedi Francis at Rising Rich. However, these names didn’t figure in the requisition for the EGM and the subsequent withdrawal.

It’s not known how Nutox and Rising Rich got together, but both have also been substantial shareholders of Nextnation Communication Bhd, an ICT company listed on the ACE Market. According to Nextnation’s annual report 2012, Nutox and Rising Rich were the largest and third largest warrantholders as at Sept 7 last year.

The connection between Hytex and Nextnation extends beyond the requisitionists. Information on the Bursa website indicates that Hytex now has three substantial shareholders – Nutox, Rising Rich and Tey Por Yee, who bought a 13% stake in Hytex in February. Tey is CEO and MD of Nextnation.

One more thing Hytex and Nextnation have in common is that they both had Fast Global Investments Ltd, which is registered in the Caribbean tax haven of Anguilla, as a substantial shareholder.

Posted by diuckpmak > 2016-03-29 09:23 | Report Abuse

Opps. Bribery of chong ket pen exposed. Kenny chong ther nen wash wash. Lol lol lol