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KLSE (MYR): RA (0110)

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3 people like this.

1,311 comment(s). Last comment by Sawasdee Krab 2023-02-22 21:28

klse1997

254 posts

Posted by klse1997 > 2018-01-23 17:03 | Report Abuse

Jail all the crooks.... return back the money to RA to pay debt

takerisk

78 posts

Posted by takerisk > 2018-01-24 09:09 | Report Abuse

Shareholders who are concerned on their investment, have all rights to attend AGM/EGM to question and demand the answers direct. Unity is vital.

takerisk

78 posts

Posted by takerisk > 2018-01-24 09:26 | Report Abuse

Any anger or unhappiness with any board members or even organizer of the EGM, attend lah EGM/AGM to express yourself well in words and by votes. RA ex staff who have no share, just be a proxy and attend. There are many ex staff who hold shares, not an issue to be proxy anyway. Stakeholders only hear you during EGM/AGM, not this platform at all. How true the cases, put on table with evident to share with attending shareholders to judge and gain support.

takerisk

78 posts

Posted by takerisk > 2018-01-24 10:01 | Report Abuse

Nexgram did its part to attend and answer questions. FT did not attend to face shareholders. More details, only shareholders who attended knew all.

Posted by MaccHunt > 2018-01-25 13:04 | Report Abuse

Heard here comes. Dato jimmy, mak lin Kum, sim keng seong. Count down. Cheating white knight, people fight back. Pity ra shareholders.

Posted by MaccHunt > 2018-01-25 13:06 | Report Abuse

RA x staff. RA director Sim keng seong greedy cheating everyone. Behind bar soon. Grab your popcorns.

klse1997

254 posts

Posted by klse1997 > 2018-01-25 14:58 | Report Abuse

anybody attended the EGM can shed some lights here

BILLC

2,032 posts

Posted by BILLC > 2018-01-26 01:55 | Report Abuse

No hope already,going to delist on 30 jan,,,&#@£%*&£#@!

BananaMan

426 posts

Posted by BananaMan > 2018-01-26 02:12 | Report Abuse

It's sad news ever... never been to this situation.. :-(
Guys our shares remain in CDS forever? anyone is going for withdrawing to certificate..?

kerelbort

105 posts

Posted by kerelbort > 2018-01-26 10:22 | Report Abuse

Haih..what a roller coaster ride this has been... withdrawing to cert got any advantages?

chery

6 posts

Posted by chery > 2018-01-26 21:13 | Report Abuse

The EGM is adjourned. The current BOD has put a voluntary liquadation to the courts to liquadate the company. Bad news & not to the interests of the shareholders.Shareholders will loose everything. The major shareholders is trying to prevent this..

klse1997

254 posts

Posted by klse1997 > 2018-01-27 00:30 | Report Abuse

Is there anything can be done at this moment to prevent liquidation

klse1997

254 posts

Posted by klse1997 > 2018-01-29 10:36 | Report Abuse

All the borrowers (banks) should saman those responsible illegally cash out money from RA...

takerisk

78 posts

Posted by takerisk > 2018-01-30 07:57 | Report Abuse

klse1997. No way to prevent liquidation now as it already happened. However as shareholder, you have the rights to file an injunction to revoke, but action has to be fast.

takerisk

78 posts

Posted by takerisk > 2018-01-30 08:28 | Report Abuse

To take back your investment even after delisting, effective way is to explore with the ex RA Board (as already dissolved) to assess how true various CBT cases lodged to police by RA headed by SKS, have solid evident to prove cases. Any shareholders who are convinced, have full rights to take legal action individually against FT to have investment back, or probably with good profit upon winning as settlement. Again, shareholders who are willing to act, always have chances to gain. When there is a risk, there is always opportunity too.

takerisk

78 posts

Posted by takerisk > 2018-01-30 08:38 | Report Abuse

NO creditors (bank, suppliers..) can saman or sue anything on illegal cash out as they are not owner of the company. ONLY the shareholders, individual or group, have rights to do it as owner(s) of the company. Before liquidation, the Board has duty to act on behalf and it acted obviously. Now, no more.

klse1997

254 posts

Posted by klse1997 > 2018-01-30 10:18 | Report Abuse

money invested go down the drain... :( all investor must form a group to sue this irresponsible act by all these culprits to get their money back

HuntSKS

1 posts

Posted by HuntSKS > 2018-01-30 14:56 | Report Abuse

Mr takerisk. Childish wish you think Sim Keng Siong did anything good for "you" meh? Pretend to put the blame on old boss Francis Tan, so his criminal activity can be shadowed meh? Report this Sim and his ally Mak Lin Kum for cheating RA shareholders.

takerisk

78 posts

Posted by takerisk > 2018-01-30 17:32 | Report Abuse

Shareholders are all the victims. No meaning to know who is right/wrong, and no need to argue.
Delisted = Lost Listing Status = Game Over = Total Lost.

BananaMan

426 posts

Posted by BananaMan > 2018-01-30 23:50 | Report Abuse

Major shareholders [Nexgram & etc..] should take further action on this issue even it had been delisted from Bursa.. If they r willing to take it as total loss in their company acc.. then worst scenario.. as the firm {RA] is not gonna rise again..

BananaMan

426 posts

Posted by BananaMan > 2018-01-30 23:53 | Report Abuse

Guys n Ladies - we gonna stand together and avoid any conflict or bad arguments.. Let's have an open discussion instead of pointing this fellow or that fellow.. Main focus - Big Picture

klse1997

254 posts

Posted by klse1997 > 2018-02-06 07:59 | Report Abuse

Keep on posting the latest development

kerelbort

105 posts

Posted by kerelbort > 2018-02-06 11:31 | Report Abuse

anyone has withdraw their CDS to cert?

bsgy123

2 posts

Posted by bsgy123 > 2018-02-09 20:27 | Report Abuse

this RA Share game over???

klse1997

254 posts

Posted by klse1997 > 2018-02-12 12:36 | Report Abuse

Looks like game over.. moneys stucks oledi... greedy culprits already getaway with shareholder money

klse1997

254 posts

Posted by klse1997 > 2018-02-19 10:55 | Report Abuse

Forum so quiet ... no update for RA... if got news pls update here ... thanks investors

BananaMan

426 posts

Posted by BananaMan > 2018-03-02 14:02 | Report Abuse

See the HBGlobal counter.. been in PN17 for years long but still can be traded in Bursa.. Positive growth in profit then it's share fly...

kerelbort

105 posts

Posted by kerelbort > 2018-03-07 12:35 | Report Abuse

so.. rest in peace...

klse1997

254 posts

Posted by klse1997 > 2018-03-07 20:14 | Report Abuse

What happen to all those saman ...quiet already

Posted by Canon Preview > 2018-03-23 16:49 | Report Abuse

rip...

klse1997

254 posts

Posted by klse1997 > 2018-04-11 10:12 | Report Abuse

Saw few commercial offices owned by RA currently being auctioned

BananaMan

426 posts

Posted by BananaMan > 2018-04-12 23:46 | Report Abuse

thx klse1997 for ur kind sharing.. Please bring the culprits to justice..
Wondering will it still report to bursa if there is an update on the suit cases..?
Always check for a sudden announcement to be share if any.. ;-(

klse1997

254 posts

Posted by klse1997 > 2018-05-14 10:26 | Report Abuse

Wat happened to all those saman ? Time to bring all the culprits for justice.. recover the money to pay debt

Posted by ConCaptured > 2018-05-30 16:43 | Report Abuse

Culprits Sim Keng Siong, Mak Lin Kum and Afrizan. Cheated R&A white knight RM15 million. Huge fraud!
https://klse.i3investor.com/blogs/Consyndicates/158340.jsp

Posted by CkpMakSimBasket > 2018-06-01 15:37 | Report Abuse

Cops wanted. Captured soon. Mak lin Kum and Sim Keng Siong.
http://klse.i3investor.com/blogs/realcriminalscaptured/159159.jsp

klse1997

254 posts

Posted by klse1997 > 2018-06-07 21:55 | Report Abuse

Tq @concaptured and @ckpmaksimbasket pls bring all culprits to justice and recover back shareholders fund... lets keep this forum active until justive is served and all shareholders fund could be recovered

BILLC

2,032 posts

Posted by BILLC > 2018-06-08 00:54 | Report Abuse

Now new government shareholders can make fresh report to bring those crooked directors to book!

klse1997

254 posts

Posted by klse1997 > 2018-06-18 10:33 | Report Abuse

Any investor wants to saman RA mgmt or RA BOD.. pls let me know

klse1997

254 posts

Posted by klse1997 > 2018-07-18 12:14 | Report Abuse

police suda tangkap ka reverse takeover scam

BananaMan

426 posts

Posted by BananaMan > 2018-07-31 22:45 | Report Abuse

Thanks @concaptured and @ckpmaksimbasket.. and klse1997 &
wishes the same as @BILLC & @klse1997...
let's keep this forum on run... include me ;-)

klse1997

254 posts

Posted by klse1997 > 2018-08-15 11:32 | Report Abuse

What is the progress for RA liquidation process

fmrgmm

11 posts

Posted by fmrgmm > 2018-09-17 18:01 | Report Abuse

any update for this counter,

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-09-19 14:04 | Report Abuse

Price will gap up this morning, good luck to all and enjoy the rollercoaster.... hehe

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-09-19 14:05 | Report Abuse

Good stock, make huge profit !

klse1997

254 posts

Posted by klse1997 > 2018-09-24 14:40 | Report Abuse

no news update for RA ?? want to know the progress of the liquidation progress :(
how about the saman progress... anybody can shed some light please

BananaMan

426 posts

Posted by BananaMan > 2019-01-29 00:17 | Report Abuse

Gonna keep close eye on Nexgram announcement for the suing progress [if any] regarding RA Bhd.. If anyone has others option to view the said progress, do share ya.. Thanks in advance

willc48

712 posts

Posted by willc48 > 2019-02-10 01:43 | Report Abuse

Kaizen HR still doing well in mkt but mgmt if RA screwed up with involvement in telecomm towers biz model. Now internal suing each other??? All these directors should not play monopoly with investors' monies..

BananaMan

426 posts

Posted by BananaMan > 2019-07-17 00:45 | Report Abuse

https://serialconman.wordpress.com/about-teh-eng-huat/
About Mak Lin Kum & Sim Keng Siong, victimised Teh Eng Huat and others

Posted by Sawasdee Krab > 2023-02-22 21:28 | Report Abuse

SC SUES FIVE INDIVIDUALS FOR CAUSING WRONGFUL LOSS TOTALLING RM120.6 MILLION TO FOUR PUBLIC LISTED COMPANIES
Kuala Lumpur, 12 December 2022

The Securities Commission Malaysia (SC) on 29 November 2022 filed a civil suit in the Kuala Lumpur High Court against five individuals for allegedly perpetrating a scheme to defraud and/or causing wrongful losses valued at RM120.6 million to four public listed companies.

The five individuals are Tey Por Yee, Lim Chye Guan, See Poh Yee, Francis Tan Hock Leong and Faizatul Ikmi binti Abdul Razak.

The companies involved are Nexgram Holdings Berhad, R&A Telecommunication Group Berhad, Asdion Berhad and Ire-Tex Corporation Berhad.

The SC alleged that Tey, Lim, See and Tan, in their various capacities as directors and officers of the four public listed companies, siphoned out the proceeds of the companies’ fundraising exercises, while Faizatul Ikmi abetted or furthered the siphoning.

The aforesaid conduct of these individuals, which took place between December 2013 and July 2014, are in contravention of sections 317A and 179 of the Capital Markets and Services Act 2007 (CMSA).

Under section 317A of the CMSA, a director or an officer of a listed corporation shall not do anything with the intention of causing wrongful loss to the listed corporation. Under section 179, a person is prohibited from engaging in fraud or deceit when subscribing, purchasing or selling any securities.

In order to prevent dissipation of the assets of the defendants, the SC had, on 1 December 2022, obtained an injunction from the Kuala Lumpur High Court to restrain Tey, Lim, See and Faizatul Ikmi from dealing with the monies in their respective bank accounts. The SC did not seek an injunction against Tan as he is an undischarged bankrupt.

The SC sought various orders in its civil suit, including orders that the defendants:

had contravened sections 179 and 317A of the CMSA;
pay the SC the following:
disgorgement of all proceeds obtained from the contravention of these sections, pursuant to sections 200 and 360 of the same Act; and
a civil penalty of RM1 million each, or such amount as considered appropriate by the Court, in accordance with section 200(2) of the CMSA; and
be barred from being directors of any public-listed company, and from trading on any stock exchange or derivatives exchange, for a period of ten years.

The High Court had initially fixed 12 December 2022 for the defendants to respond to the injunction application. However, following the non-appearance of the defendants, the High Court granted an ad interim injunction and fixed 9 January 2023 for the defendants’ response.

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