DID Revenue Bhd shareholders, have something to cheer for this Friday? Yes, they did as the shares closed 2 sen higher at 32.5 sen.
BUT i also specifically mentioned that come monday there will be a new cruel beast that thirst for blood and it will not be a pretty sight.
THERE are two differences between Victor Chin Boon Long and Kenneth Vun Yun Liun.
THE first being, Victor Chin Boon Long has a university degree to his name, something which Kenneth Vun Yun Liun, does not have.
THE second is Kenneth Vun Yun Liun knows how to corner a stock and trade, something Victor Chin Boon Long never could master, which is why he has had to resort to gangsterism to have his way .
GANGSTERS always favour clear cut day light robbery. READ : Revenue Group is Proposing to Pay RM36 million in cash to Victor Chin Boon Long's Hong Seng Bhd for a company that hasn't made a profit of more than RM600,000 in 36 months.
CALLING Bursa Malaysia and the Securities Commission if you already do not know or as I suspect still pretending not to know, let me tell you the following ;
1) Francis Leong Seng Wui is not the single largest shareholder in Revenue Group. That honour belongs to Kenanga Investment Bank Bhd, who have parked in pieces such as under the Kenanga Growth Fund, more shares than Francis Leong Seng Wui own.
2) Kenanga Investment Bank, being the largest independent investment bank in the country did not buy those shares for themselves, rather they bought it for a client.
3) The ultimate client is Victor Chin Boon Long, which makes the entire proposal by Revenue Group to rush and handover RM36 million for a worthless asset to Hong Seng Group a RELATED PARTY TRANSACTION.
