ARE we really to believe, that Malaysia is home to loads of rich but apparently down right stupid human beings who keep subscribing to private placements and rights issue share exercise of companies linked to the same market manipulators?
WORST still the company prospects never improve, and the script exercise participants ends up losing a tonne of money, but is never angry enough to go after the culprits who caused the losses.
OR READ the alternative storyline, of money laundering on selected counters via rights issue on Bursa Malaysia is rampant, which why those bleeding red ink for years such as Hong Seng Consolodated Bhd and Revenue Group Bhd are so diligently at it.
AND one suspects , there is plenty of help from very people who are supposed to safeguard the markets, who appear to be up to their nose with the manipulators, hence even if they wanted out, they are stuck in a rut.
PLEASE, take some time off your busy schedule and go through READ : the proposal behind Revenue Group's intention to go full swing into the money lending business.
AND then ask yourself if your buying Revenue Group's story that PLOWING RM145 million on the money lending business is the right thing to do or sacking everyone involved at Bursa Malaysia is the better thing to do.
FOR a RM145 million venture, especially coming from those whoes ethics are of concern, there is hardly any data on how the money lending business in a Malaysia has been doing, what the industry profit growth if any is at.
WHY did I state both the Revenue Group Executive directors are dodgy on ethics and integrity?
TEH Chee Hoe for not disclosing to Revenue Group shareholders when they were buying Innov8tif from Hong Seng, that he owed money to Hong Seng, and Francis Leong Seng Wui for being remanded for 10 days by the police.
BACK to the lack on how the money lending business is doing in the Bursa Malaysia approved corporate exercise of Revenue Group, we are then left to rely on the company's past experience as well as sampling a rival.
ON page VIEW :28 of the 75 page document, the following is what Revenue Group states ; for the six months ended 31 March 2025, RM24.698 million in loans generated only RM536,960 or a 2.17 per cent return.
VELOCITY Capital Partners Bhd, for the first quarter ended 30 Sept 2025, results announced last Friday noted that VIEW on page 2 and page 10 of its financial results, noted, it's money lending business parked under financial services posted a pre tax profit of RM4,193 million derived from giving out RM275.763 million in loans, for a return of 1.52 per cent .
