SC and Bursa said ‘I don’t give a damn to this goreng news’ as their intention is to promote bursamalaysia as the biggest casino in Malaysia, Genting please stay aside.
There are so many counters in Bursa are interconnected, Topglove bought stake in LBS is it an issue? What's wrong Fintec being an investment company having stake in different company? It is clearly stated in his annual report as well.
THIS AERICLE WRITTEN IN FACT HAS NOTHING TO REVEAL AS ALL COMPANIES DIRECTORSHIP HAS BEEN WRITTEN OVER THE BURSA ANNOUNCEMENT AND THEY ARE LEALLY VALID.
ONLY DIFFERENT IS HAVE YOU DONE YOUR HOMEWORK AND READ IT THROUGH?
THE EDGE Revealed-21 Shareholders of the Board of Directors or the Same Group 19/09/2020 The authoritative financial weekly THE EDGE revealed that the Malaysian stock market has been frantically trading in penny stocks in the past few months. Among them, 21 listed companies’ shareholders and directors are likely to be the same group of people. The stock prices of these stocks fluctuate surprisingly and the trading volume is also very high huge.
These companies have many things in common. Most of them are loss-making companies. Their stock prices are at the level of penny stocks. They often occupy the top ten trading lists, and their stock prices fluctuate astonishingly.
According to the report by THE EDGE, 9 of the 21 companies named have the same headquarters address and registered address, which is located in the Wisma Lien House (WISMA LIEN HOE) in Liyang Town, Petaling Jaya.
These 9 companies include Innolux (AT), FOCUS (FOCUS), Wantong Technology (MTOUCHE), FINTEC Global (FINTEC), XOX Say (XOX), M3 Technology (M3TECH) and NETX Technology (NETX).
The report pointed out that Union Building was originally the property of Lienhoe, a listed company, but it was sold to a private limited company, E Globafocus Co., Ltd. in 2006, at a price of RM1 and an additional debt of RM43 million.
EGlobafocus is 68% owned by CUBES INNOVATIVE Co., Ltd.; CUBES INNOVATIVE is 99% owned by two shareholders, businessmen Cai Fushun and Wen Yunlun (names translated).
Chua and Wen were charged by the Securities Regulatory Commission in July 2014 for manipulating the stock price of a listed company DVM Technology.
Wen personally has a number of allegations in the Securities Regulatory Commission, including the RM2.49 million company fund accused of misusing the resources of the listed company FTEC in 2009. Since the incident was exposed, Wen has hardly been active in the stock market.
However, his two sisters Wen Anni and Wen Xiuni each hold 3.64% and 0.67% of the shares in XDL, another fairy stock company.
Among the 9 companies mentioned above, FINTEC Global is the most noticed company. Several batches of shares of this company are held by a private holding company, SANSTON FINACIAL GROUP LTD.
Strangely, SANSTON appears in the shareholder lists of 21 listed companies.
The recently acquired OVERSEA is also on the list of 21 companies.
The Edge report pointed out that the 21 company with the highest market value is FOCUS with a market value of up to 5 billion ringgit. Although its quarterly net profit is only 2.32 million ringgit, its share price is surprisingly high.
Not_logic, If wanna comment, pls give a good valid opinion la, dun just put question mark at behind.. what u wanna share? Teaching people to think? Or protect yourself if something go sour? Everyone here has their own thinking n perspective, no point to put a comment with (???) Comments/opinion which based on analysis only valuable. See, my comment here is totally 0 nutrients. LOL
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....
pineapple123
2,472 posts
Posted by pineapple123 > 2020-09-21 16:28 | Report Abuse
whole market RED condition. Don't panic.