R&A Telecommunication Group Bhd theft proceeds landed a white knight and a Prima Palma?
9 October 2017, Shah Alam, Selangor, Malaysia - The PN17 company with bank out standing exceed RM30 million and less than RM15 million asset company had secured a white knight through the CEO Sim Keng Siong, and apparently waiting to buy themselves out for Bursa Malaysia and Securities Commission endorsement of their "proceeds".
R&A another Mak Lin Kum robbery fan fair? How can thia white knight makes 300% more than industry players? His material fee one? Lawyer teaches him? A crook Sim Keng Siong, a criminal Mak Kin Kum and a willing fool white knight. Cook up the book. Plus sheeps in Bursa and SC. You have a perfect bozo.
Bananaman... the announcement is there in Bursa ... RA lodge police report on 5 Apr and summons Tey and the gang. Look for announcement on 13 and 17 Apr in Bursa website
diu. You can also file polis report said sim and mak steal money lah. Report who doesn't know how to do. Difference is with brain or no brain. Steal people company went report police. Dick bigger than head.
klse1997.. ya u rite.. Nexgram received sealed writ of summon for the case.. thx for the rectify ya SickDick - if u r them, how u gonna do for this case issue..? can share some ur idea with us, thx ya
When deal with banana, fried or eat raw. Its still a banana. Dick is sick what you expect? Cut it off lor sohai. Why sick still comes here? Nobody cares.
Sue the crooks lor like mak lin kum and sim keng siong. They rob shareholders right? Go report polis lor. Any tom dick or hairy also can report, what so big deal? All we know is shareholder loose while dick heads big and small try to benefit. Bigger dick head bursa is part of it and makes an exception? I don't think so.
KUALA LUMPUR: R&A Telecommunication Group Bhd’s two biggest shareholder Nexgram Holdings Bhd and R&A group founder and former executive director Francis Tan Hock Leong, are seeking to replace R&A’s entire board members with new directors.
R&A, which makes telecommunication structures and offers engineering solutions for telecommunication networks, told Bursa Malaysia that Nexgram and Tan, who hold 6.83% and 6.47% equity interest respectively, had given a notice to it requesting an EGM to consider the removal of the board members and the appointment of three new ones.
The directors named are chief executive officer Sim Keng Siong, Selva Rasan Datuk Puspa Das, Chua Soo Seong and Lim Tiong Jin.
Nexgram and Tan also nominated Rajendra Raja S. Govindaraj, Cheang Soon Siang and Kamal Abdul Aziz to the board.
R&A, a Guidance Note 3 company, is in the midst of finalising a regularisation plan. Based on an announcement in March, it will, as part of its regularisation plan, acquire another telecommunication solutions provider Forward Resources and Construction Sdn Bhd from Lean Kock Kiang, his wife Lee Sek Ang, and FRC Resources Sdn Bhd (FRCR), a special purpose vehicle owned by the couple that will become the new listed vehicle in place of R&A.
Look at The Star. No wonder people angry. Got diluted so much. Besides top 30, add up 20% more from some of the top 200 shareholders to pass 51%. Vote out the bastards. Shares worthless anyway, use as toilet paper roll smash the culprits.
Syed Ibrahim & Co the Mak Lin Kum surface finally. Sim Keng Siong and Mak Lin Kum profits on white knight in hot pan. Need 20% more shares vote to pass 51%? You have all your votes. Bury the culprits.
Don't under estimate snall shareholders. Each vote counts. My 500,000 RA shares Sim and Mak think of write me off become zero like ants. Ants joint together can take down an elephant.
RASB summons TPY and gangs for illegal transfer of 4.2 million, summons FT for 1.9 million, now Sim and gang orchestrated this share dillution and benefit FRCR owner.... all lanjiaos crooks, minority shareholder,s money all kena sapu.... now who else can we trust to run RA ???
How you know TPY or Francis illegal transfer? You know Francis tried his best to save RA meh? Only because he was out of fund to run the projects because of right issue failure doesn't mean he is illegal.
Now the Sim and Mak is cheating white knight and illegal took RA control and paid themselves money. That trail is proven and is illegal.
Don't invest if you don't trust owner FT. plain simple.
This cock really sick laaa... u know FT in person meh.. check back the financial statement laaa... all this while ada untung kaa... open your eyes laaa... talk cock only
"R&A wishes to announce that the Company had on 22 December 2017 received a Notice of Extraordinary General Meeting (“EGM”) dated 22 December 2017 for an EGM to be held on Tuesday, 23 January 2018 at 10:00 a.m. pursuant to Section 310(b) of the Act to consider resolutions to remove and appoint Directors. The EGM is called by two (2) shareholders of the Company holding a total of at least ten per centum of the paid up capital of the Company carrying the right of voting at meetings of members of the Company as at the date of the Notice of EGM. A copy of the Notice of EGM is attached herewith. This announcement is dated 22 December 2017."
Greedy dlckhead maklinkum simkengsiong what else. They think can sling and cheat RA shareholders let them get away? Pretend some heroic justice dlckhead. Lan tao too big try to screw the horse. Greedy siphon money themselves. Sure get kick.
2 sides fighting and accusing and suing each other, with small shareholders at the center watching the show. 1 side busy in defending whichever possible, while the other for the least worked hard and delivered a restructuring plan. The 1 side forgot to awake and realize that shareholders just want to make sure RA is not delisted without returns. Whoever has good plan and action for shareholders, will get the supports during EGM. Curious to know what proposed BOD members will have on table to rescue RA and my hard earned money.
EGM on 23 January 2018 probably last chance for small shareholders to defend our investment. Let's attend for the sake of self hard earned money to understand if a workable solution is well ready on the table or just otherwise.
Crucial for a good attendance if we wish voice can be heard loudly and clearly. The 2~3% of attendance can do NOTHING in terms of shareholdings when come to voting, in case no concrete rescue plan is put on the table by proposed members to save RA. Joint efforts are important if we are reluctant to lost totally. Those who had invested more than RM1000 in RA, worth to spend half day attending EGM to protect your own investment if your daily income is less than that. Logic cost calculation?
Lol. Fake lawsuit on ex director dato tey por yee, nexgram, etc dismissed and cancel by court already. Shameful criminal directors. Want to kidnap company and rob money from deals went blame people. Cheap people.
Further to the Company’s announcement made on 17 April 2017, the Board of Directors of R&A wishes to announce that the Kuala Lumpur High Court (“the Court”) had on 23 October 2017 allowed the Defendants’ application for security of cost against R&A and R&A Telecommunication Sdn. Bhd. (“RASB”), the wholly-owned subsidiary of the Company. R&A and RASB were ordered, inter-alia, to pay RM40,000.00 as security to each defendant totalling to RM160,000.00 within 21 days from 23 October 2017. Due to the financial constraints, R&A and RASB have failed to put up the total security for cost as required by the Court.
Therefore, on 15 November 2017, the Court had ordered that R&A’s and RASB’s action to be struck out and dismissed due to R&A’s and RASB’s non-compliance with the Court order granted on 23 October 2017. .... Dismissal and struck out was because RA had no money to put up as security as ordered. A good strategy? We as small shareholders are always the victims. GOD knows who is right and who is wrong. Hope to see a workable rescue plan on the table to save RA on EGM.
A good strategy by RA to fight back with no financial strength. If EGM is called and resolutions passed, then game over and total loss for everyone except the related few apparently.
Guidance Note 3 (GN3) company R&A Telecommunication Group Bhd has filed a court action against former director Francis Tan Hock Leong and six other parties.
This comes after the group lodged a police report against Tan on Dec 29, 2017 for attempting to withdraw a previous police report made by the group relating to unauthorised transactions worth RM4.2 million in April 2017.
R&A has filed a notice of application in the High Court against Tan, Nexgram Holdings Bhd, and Nexgram directors Mazru Mat Yusof, Helmi Faisal Fuad, Datuk Donald Lim Siang Chai, Fu Lit Fung and Zaharin Ahmad Zamani.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kerelbort
105 posts
Posted by kerelbort > 2017-10-04 18:09 | Report Abuse
No news is good news?