FOR one, lump classifying them as SME LOANS, is deceitful, doesn't provide clarity to investors and possibly against the law.
WHY is it against the law ? Well just as two wrongs don't make a right, one wrong and one right don't make it a right either.
CONSIDER the following ; On the announcement by Revenue Group that it has lent money to Sin Chin Chai to acquire shares in Inguiner Bhd. VIEW: The Sin Chin Chai purchase
YET it classifies the loan as an SME LOAN.
ANY one who runs a small and medium business can tell you that the risk between buying shares on borrowed money and running a business cannot be clasified as the same.
THE question here is what is Bursa Malaysia going to do about it. What action will be taken against Revenue Group Bhd???
