WiseGuy inside The Corporate Mafia: Innov8tif Solutions, The Devil Is In The Details.

THE devil is in the details is an idiom that means small details can cause big problems if they are ignored. It's a reminder to pay attention to the small things because they can have a significant impact on the outcome of a task or project. 

TAKE for instances  the controversial planned disposal of a 51 per cent stake in Innov8tif Solutions by Revenue Group Bhd to Datasonic Bhd.

MANY had assumed since Revenue Group had bought the stake for RM36 million from Hong Seng Consolidated Bhd and is selling it for RM40 million, Revenue is on song to book a gain of between RM3 million to RM4 million from the sale.

THIS is not however a guaranteed  return,  as documents submitted by Revenue Group Bhd shows the company might end up making a loss instead.

REVENUE  Group could end up merely receiving RM34.50 million, if profit guarantees aren't met. VIEW : Considering the foregoing, the Company will receive the Minimum Disposal Consideration of at least RM34.50 million from the Proposed Disposal, assuming the shortfall from the Profit Guarantee is at the maximum amount of RM5.50 million.

SO basically, Datasonic is valuing Innov8tif Solutions Holdings below the RM36 million Revenue Group had hurriedly paid Hong Seng Consolidated, just  ten days after Hong Seng Consolidated gained control of Innov8tif. 

CONSIDERING Teh Chee Hoe was indebted to Hong Seng Consolidated at that point of time and shareholders were not informed about this matter,  Bursa Malaysia should call in the police.