This Bill Ch'ng was convicted with a conspiracy to defraud Ming Fai Holdings Ltd, a company listed in HK, of HK$127 million and sentenced to 5 years jail. http://www.epochtimes.com/b5/1/2/28/n52235.htm
True it was 2001, and Bill Ch'ng served 5 years jail in HK. That shows the integrity of him and how he is going to manage this company. Ever wonder where the RM 100m Amanah Raya invested and the whereabouts of this money?
@pelican Stock: [MPCORP]: MALAYSIA PACIFIC CORP BHD Nov 21, 2013 11:01 PM | Report Abuse Bill C.P.Ch'ng definately will not allow MPCORP to be classified as PN17 company.He has supports from few commercial banks to clear his debts
If you said he has the support of few commercial banks, why pay 14% pa interest from 'quasi-ah long" the wife? This is not a Sdn. Bhd. lah
This stock started to drift lower after the artcle Troubles at MPCorp came out at around 3pm. That mean still lot of investors are unaware of the problems in the company
Where are all the supporters of Bill the conman? Today vol only 52,100 shares valued at a paltry $22,142. Talk about a RM 320m and Iskandar-concept, laugh it out LOUD dudes !
Just weeks after resigning, Ch’ng Chong Poh, former chief executive officer of Malaysia Pacific Corporation (MP Corp), is claiming trial to 58 insider trading charges brought against him by the Securities Commission (SC) today.
In a statement, SC said Ch’ng bought the MP Corp shares ahead of the property developer entering a joint venture project with Oriental Pearl City Properties Sdn Bhd to undertake and manage several projects in the Iskandar Development Region, Johor.
The offences allegedly took place between May 14, 2008 and Aug 20, 2008.
Oriental Pearl City Properties is a wholly-owned subsidiary of MP Corp and Amanahraya Development Sdn Bhd, which is in turn a wholly owned subsidiary of Amanah Raya Berhad.
All 58 charges were for offences under Section 188(2) of the Capital Markets and Services Act 2007, which states that “(a)n insider shall not, whether as principal or agent, in respect of any securities to which information in subsection (1) relates–
(a) acquire or dispose of, or enter into an agreement for or with a view to the acquisition or disposal of such securities; or
(b) procure, directly or indirectly, an acquisition or disposal of, or the entering into an agreement for or with a view to the acquisition or disposal of such securities.”
Posted by pelican > Jan 9, 2014 05:02 PM | Report Abuse sangharimau and wikileaks,pls dont mislead the share holders of MPCORP,the court case was long ago back to 2001.
Posted by wikileaks > Jan 9, 2014 05:11 PM | Report Abuse X True it was 2001, and Bill Ch'ng served 5 years jail in HK. That shows the integrity of him and how he is going to manage this company. Ever wonder where the RM 100m Amanah Raya invested and the whereabouts of this money?
@pelican, now that what i said became reality, still want to defend him or the company ?
Lim Kim Huat is now enjoying the millions from the Sunrise sale on one hand while enjoying Vincent Tan's youngest sister on the other hand. You think he cares about Ablegrp now?
Seemingly LKH is quite a gentleman, I don't think he is of Bill Ch'ng's species. More so he has the money from Sunrise disposal, don't see the reason he is out to cheat this company. Perhaps he failed in his business acumen that led to the big loss of writing off 85 sen to a ringgit and having to called a right issues last year
SC not investigating Hibiscus for insider trading? Hibiscus share plunged 3 days before suspension and announcement that first drilling failed. SC practice selective persecution!
That is very true, selective prosecution. I know of one Tan Sri involved in insider's trading, caught red handed with recommendation to charge but SC cannot get consent from AG Chambers. Long live MalaysiaBoleh!
Ofcoure no volume for mother share lah,all shareholders waiting to dispose at 60 Sen to 80 sen,I know most share holders of this counters are 'mai bao' kaki.
MALAYSIA PACIFIC CORPORATION BERHAD - Memorandum of Understanding Between Black Sea Horizon Investment Holdings Limited and Malaysia Pacific Corporation Berhad
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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....
limayseng
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Posted by limayseng > 2014-01-09 12:25 | Report Abuse
chartwise is weakening in stochastic !