@Daim4u, is it true, so many PLC director blame, and lie to sue one person?
Case 1 Wintoni Group Bhd said a police report has been lodged against its former director Datuk Tey Por Yee whom it alleges may have caused RM53 million to be unaccounted for or misappropriated from the group.
Case 2 On April 7, Ire-Tex Corp Bhd announced that it had taken legal action against Tey as a former director and substantial shareholder for allegedly paying RM11.5 million to Future Rank Sdn Bhd
Case 3 He had been a director and substantial shareholder of Protasco Bhd, which he left following a boardroom tussle and charges of fraud involving RM68 million.
Malaysian shares prices seems bocor. Gradually one by one company is revealing lost funds or stolen funds. Even the best companies will die. It only happens to be.
not yet give up, think of it the JV is mean for road maintenance for selangor state, since the contract didn't renew so it is fair and wise to give up the subsidiary but retain a certain stake.
Most of Malaysian shares prices is revealing lost funds or stolen funds. Directors take all their fees and no eye see. Even the best companies will die.
@Nikmon not yet give up, think of it the JV is mean for road maintenance for selangor state, since the contract didn't renew so it is fair and wise to give up the subsidiary but retain a certain stake. 21/06/2017 15:56
You think you know CKP? Even his wife doesn't know him. Why margin drop 90%? Notice there is minority shareholder outside? Why need to "keep little share", if not good sell all? Because need to use protasco to spend and work, profit took outside.
Nikmon you are CORRECT. Next week when they (institutions/big players) come back, THEY help us make money, and all are HAPPY. Cheers and Selamat Hari Raya!!!
Re visit ckp everytime read tey news. Ckp effect eats his own saviour. People saved him he eats people. Real con man. 祸根。旧地重游必经张吉平坟头吐痰,咒他咸家。害旧老板,忘恩负义,人渣。
Sounds like chong ket pen paying all these news creation. Everyone also know. What is so special? Chong ket pen billion ringgit money siphoning and bribery. One big round coming.
Chong ket pen x staff also reported him billion ringgit police report. They dont abuse bursa name him. So he bribe billion ke? Maybe few hundred million ringgit only. Childish crook.
Ckp got cursed everyday. I believe he keep doing bad thing and still pretend can sleep with bribery and sinful money under table taken from people of Malaysia. No wonder mind damaged.
Everyone also know since Tey and Ooi released the fox Chong Ket Pen to possess Protasco, Chong has been poisoning and made up bad images for wintoni, iretex and ra etc. Nobody to blame except Tey and Ooi for saving Chong. What save Chong the fox while his old boss already sack him and going to bury him a live? Blame no one. That is my view for the two.
As for Chong excuse for covering up hundreds of million, not billions, he has to keep making other people look bad. So to say his bribery is OK, others are bad. However his conscious says OK, there is nothing you can do about it. Accept it.
@enchopls you could find the similar post in these 3 companies which are taking legal action against one famous 'former director'
Case 1 Wintoni Group Bhd said a police report has been lodged against its former director Datuk Tey Por Yee whom it alleges may have caused RM53 million to be unaccounted for or misappropriated from the group.
Case 2 On April 7, Ire-Tex Corp Bhd announced that it had taken legal action against Tey as a former director and substantial shareholder for allegedly paying RM11.5 million to Future Rank Sdn Bhd
Case 3 He had been a director and substantial shareholder of Protasco Bhd, which he left following a boardroom tussle and charges of fraud involving RM68 million.
Lolol. Repeat what chong ket pen "fabricated" allegations. His wrongdoing is 100 times ticker lah ckp. Let us help him " Maklinkumplan Need helping hand to collect money back from chong ket pen?
Sequence also wrong. Chong Ket Pen does it means does it why cover the tail? Should be: Ckp being fired in june 2012. Ckp desperate sign 3 nov 2012 agreement ask Tey and Ooi help buy Protasco so he get back his job. Ckp no intention to honour the agreement and wanted to cover up multi billion graft money in protasco. Put blame lor. Ckp try to made up all news for Tey and Ooi conpanies. As if his multi billion bribery is OK, if he talk other people bad enough. He is still CKP the criminal lah. Then there goes wintoni, iretex and ra. Wintoni is a joke. Company never seen such number he copy and paste to "make news". Others all make and talk. Typical ckp lah. How much he talks also smaller than his own billion ringgit illegal money problem.
These are ongoing legal cases, if protasco win the legal case, RM2.00 is possible.
Case 1 Wintoni Group Bhd said a police report has been lodged against its former director Datuk Tey Por Yee whom it alleges may have caused RM53 million to be unaccounted for or misappropriated from the group.
Case 2 On April 7, Ire-Tex Corp Bhd announced that it had taken legal action against Tey as a former director and substantial shareholder for allegedly paying RM11.5 million to Future Rank Sdn Bhd
Case 3 He had been a director and substantial shareholder of Protasco Bhd, which he left following a boardroom tussle and charges of fraud involving RM68 million.
Lololol. Self plant story and legal suit means can hide away chong ket pen wrongdoing and hope to bury his legacy? Why not No.1 protasco officer sue Jesus for 1 billion not send him to hell sooner for what he siphoned and bribed? More syok.
Got such news? As far as i know, prostaco has secured 3 phases of ppa1m, phase 1 vp on march before raya, the feedback is positive, phase 2 has started contruction and phase 3 under planning. I rather them get contract bandar malaysia, other than ijm and mrcb, prostsco is one of the counters where EPF has increase significant stakes in short period.
If not mistaken think they should be getting the payment for PPA1M phase 1 right? Phase 3 just gotten the Letter of Intend I read it earlier. Y CKP keep on buying ar lately, any insider news?
PPA1M Phase 1 had completed in March 2017, ahead of scheduled. Protasco have been receiving payments from government and banks for purchasers' loan drawdown since April. Once the payments are fully collected by June/July, the group gearing will reduce substantially and cashflow increases.
PPA1M Phase 2 has started with preliminary works at the site and will go into full swing by 3Q this year and contribute to the group revenue in the 3rd & 4th quarter FY2017..
Protasco is a diversified group in road maintenance, construction, property, engineering, education and trading. Dividend per annum is 6 cts.
Thank you
Regards HLK
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Posted by Nikmon > 2017-06-20 00:05 | Report Abuse
@Daim4u, is it true, so many PLC director blame, and lie to sue one person?
Case 1
Wintoni Group Bhd said a police report has been lodged against its former director Datuk Tey Por Yee whom it alleges may have caused RM53 million to be unaccounted for or misappropriated from the group.
Case 2
On April 7, Ire-Tex Corp Bhd announced that it had taken legal action against Tey as a former director and substantial shareholder for allegedly paying RM11.5 million to Future Rank Sdn Bhd
Case 3
He had been a director and substantial shareholder of Protasco Bhd, which he left following a boardroom tussle and charges of fraud involving RM68 million.
https://www.klsescreener.com/v2/news/view/246429/wintoni-files-police-report-against-ex-director-tey-por-yee