We refer to the article dated 16 March 2023 appearing in FinTech News portal entitled “Revenue Group’s Woes Mount as Danny Leong Resigns as Group CEO - Fintech News Malaysia” ("the News”).
The Company wishes to clarify that the present Group Chief Executive Officer (“Group CEO”), Mr Danny Leong has tendered his resignation where the Board has asked him to re-consider his decision and the Board understand he is indeed, re-considering it.
The Board has taken swift actions to search for suitable replacements and has since appointed new executive and independent directors. We believe the collective experience and knowledge of the latest Board members provide the Group with enhanced governance, leadership, and overall management quality.
Should there be any further developments on the above matter, the Board will release the necessary announcements in a timely manner to Bursa Malaysia Securities Berhad.
As i have said, you just cant have two masters in one house. Danny was appointed as CEO while Francis was appointed as ED .Their executive roles/ functions are just overlapping and bound to be in serious conflicts. I am sure Danny can sense the difficulties in discharge of his duties effectively and has called it a day.
The duo are collectively holding about 90 Million shares +++ . They are prepared to dump their shareholding any time from now in a continuous mode fast and furious creating massive cascade of falls to a limit down to reach a penny share in a single day. Nothing is impossible or impossible to imagine?
34 million shares have changed hand in " sale mode" , not buy mode. What does it tell you ? Majority have lost confidence in this company and dumping fast and furious. More dumping is expected to come .....
The Forward PE is negative. It is expected that the company will continue to make loss in the upcoming QR. The company is destined to be doomed and so is its share price....
How good a company is also no use, when you have all the conmen who are lurking with bad intention to cheat from investors. Looking back at all those interviews, webinar and seminars from Eddie Ng, this guy is a real crook! And with the 2 bros, this 3 NGs have accomplished their mission of selling their shares at higher prices last time!
It is wise of EN to dispose of all his shareholding otherwise he would have to face with huge margin calls following the depreciation of the share price everyday. If he fancies due to nostalgia, he can still buy back at the cheapest .... the cheapest has yet to come I am afraid.
Exactly , the share price has been reflected in response to the directionless of the incumbent BOD. Basically ,the company is like a ship now without rudder and drifting in the ocean like a ghost ship .....
what my concern is the three founders sold all their shares with such huge amount whose the one catching all the shares in the open market for what we know retailers don't have such huge holding power must be a big hidden shark
Classita Holdings Bhd executive chairman Ng Keok Chai has resigned from the boards of CSH Alliance Bhd, Hong Seng Consolidated Bhd, Ingenieur Gudang Bhd and Green Packet Bhd, effective Tuesday (March 21).
It is learnt that KC Ng is fed up with the mafia group.
The CEO Eddie talk at tv8 said coming few years Revenue group will grow to overseas. Luckily things happen, else mempersiasuikan Malaysia lo. Really 2 face Chinese.
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