Deceiving Edge : One is a bad mistake, Two is a pattern in criminal behaviour.

WE all know that Nicky Liow Soon Hee  paid RM10 million to basically not stay in the same place where Najib Razak, Malaysia's very popular ex Prime Minister currently resides.

BUT how many of us know how much di Dr joel Yap Jiang Feng pay the Health Ministry  to stay out of jail for a maximum period of 12 years?

PLEASE  refer to page 75 and 76 of the I Doc International Prospectus on SC website), had faced two criminal charges, that were subsequently dropped for setting up illegal clinics.

WHERE is the most reliable place to download I Doc International Bhd Prospectus to cross check if my facts are spot on? Look no further than the Securities Commision Website at  1 doc int prospectus

SO how do I know that the two charges can get you a 12 year stay in Kajang Prison? Well from page 76 of  the prospectus  silly as it is clearly stated ; The charges were in relation to the alleged contravention of Section 4(1) of the Private Healthcare 

Facilities and Services Act 1998 for setting up private medical clinics without being registered under 

Section 27 of the Private Healthcare Facilities and Services Act 1998. These charges were subsequently 

withdrawn on 13 August 2024 and 12 September 2024.

NOW let's ask AI,  specific details on the punishment aspect of the act, which is fine up to RM300,000 and a jail term of up to six years.   

JUST  a reminder, Dr joel Yap Jiang Feng was facing two criminal charges, which means a maximum 12 year term 

Deceiving Edge : Money for something, a Nicky Liow 2.0 in the making.

THE South China Morning Post, one of the most respected English publications in this side of the World reports that public anger is brewing that gangster Nicky Liow Soon Hee paid RM10 million to avoid a prison term.

MALAYSIANS, should get a lot more worried and much more furious that this type of money for something cases have been a mainstay even before Anwar Ibrahim became Prime Minister.

FURIOUS , because the Health Ministry may have gotten into the act, with little regards for public health safety by entering into this type of money for something deals.

AT the heart of this money for something deal is 1 Doc International Bhd.

Deceiving Edge : An IPO that does not exist but shaped as one living on real time.

TRUST/ confidence are manna for spin doctors to build narratives  to imprison users, with news controlled bu users with a high threshold  of self interest.

TAKE for instancev theedge reporting on the Datuk Madani Sahari money laundering and corruption trail, where Hong Seng Consolidated  Bhd's name was left out while its executive directors name misspelled. READ : Narrative in check , smooth sailing all the way.

THE almost successful  attempt to keep Kenny khow Chuan Wah, a named nominees of Victor Chin Boon Long, seems to have given the Edge a boost in inventing stories into news report which on the surface looks and feels authentic. 

READ :  1 Doc International Bhd’s plan for a September listing on Bursa Malaysia’s Main Market has been delayed. The article goes on to say that some private equity is also keen in taking a stake in 1 Doc International  Bhd.

HOW on earth did the edge come up with this self made story is beyond me.  Some parts of the story are pure fabrication.

PLEASE go to the Securities Commision website, and note what the SC states on the 1 Doc International bhd's prospectus. READ : The prospectuses published here have not been registered with the SC under Section 232 of the Capital Markets and Services Act 2007 and is solely for the purpose of seeking comments from the public.

BASICALLY,  the I Doc International Bhd  Prospectus hasn't moved into anything concrete , or are even close to the build up to a fully approved Prospectus by Bursa and SC.

YET for reason known only to the editors of the edge, they jumped the gun, in a manner where 1 Doc International Bhd looks respectable while hard facts points to something rotten, maybe from the state of Denmark with a capital S for SINISTER. 

Beyond Skin : The Unforgiven.

EVERYBODY deserves, a second, third ..an unlimited amount of opportunities to come good morally, and ethically,  however, the world is such not everyone can be given a free pass.

IF a lawyer, F's up, second chances are a plenty but if a medical doctor were to screw up, I am sorry the buck stops right there.

DOCTOR'S  is the plus factor in recovery , but if greed is placed above the well being of a human being, I am so sorry to say, you shall be UNFORGIVEN.

HAVING two major stakeholders illegally using medicine for commercial advantage is a big red flag. The flag gets much bigger, that these boys are still in it only for the money via their intention as stated in prospectus, to not only sell their shares to selected Bumiputra investors, but also give themselves a bumper dividend up to RM75 million in the event the ipo is on.

THE RM75 million is way above then what I Doc International Bhd earned last year.  

ANOTHER question that keeps ringing a questionable bell is why come out with a draft prospectus before the Malaysian Medical Council have decided on the severity of the punishment that must be imposed on them?

Beyond Skin : A Question of integrity, the I Doc Int IPO

RECENTLY, there was an article in theEdge which stated that 1 Doc International, might be calling off its IPO, because it wasn't happy with the investment community's valuation.

IN good consciousness, I hope theedge article was written with integrity, because on a purely journalistic view point, there were so many questions on why a sound minded person would wish to part their monies for a minority stake in the company.

CONSIDERING ;

1.JOEL Yap Jiang Feng (pls refer to page 75 and 76 of the I Doc International Prospectus on SC website), had faced two criminal charges, that were subsequently dropped for setting up illegal clinics.

NOW why were these charges were dropped were not stated. Potential investors deserve the rights to know if there charges were dropped because Joel Yap Jiang Feng was not guilty or were they dropped because Joel Yap Jiang Feng had paid a generous fine.

2.ONG Hong Keat and Chin Boon Keat are two men who have not been renewing their annual license to practise medicine for years now, which is very strange if you are in the medical field.

THE answer to these question, is vaguely answered in page 76 of the I Doc International Bhd Prospectus, whereby it is stated : "the Malaysian Medical Council (“MMC”) is holding an

inquiry against Ong Hong Keat and Chin Boon Keat for infamous conduct in a professional respect under Section 29(2)(b) of the Medical Act 1971 for allegedly practicing aesthetic medical practice and/or performing aesthetic medical procedure using laser-based aesthetic device or equivalent on a

client/patient in the premises of One Doc. The MMC has fixed the inquiry against Ong Hong Keat and Chin Boon Keat on 26 June 2026."

WHERE is the most reliable place to download I Doc International Bhd Prospectus  to cross check if my facts are spot on? Look no further than the Securities Commision Website at 1 doc international bhd prospectus

To be Continued : Why these men matters.

Beyond Skin : Big Bomb in 1 Doc International Bhd goes kaboom.

SILLY me for thinking, the fault lines in 1 Doc International Bhd, was on the directors lack of class, coupled with a shylock attitude of squeezing every penny out, prior to the IPO.

THOSE are mere after thoughts now, when one considers the core reasons why the larger and reputable funds, aren't  even interested in reading the info memo of the prospectus.

ON private equities moving into place to replace a share sale exercise, bankers say, the word on the grapevine is everything is possible but for now  there is no replacement plan.

THE 1Doc International Bhd, IPO looked  problematic and  deeply concerning that there were  no banker, underwriter or even an angel investor , brave enough to underwrite 238,980,000 shares being offered to institutional funds and  Bumiputra Investors.

THERE is apparently,  a reason merchant bankers have decided to take a cold shower .

IT has very minimal business, on the normal risk assiciated with an initial sale. Rather the decision to abstain, has it's roots in shocker ; Criminal Minds and acts by as many as three board members of 1 Doc International  Bhd.

TO BE Continued....

Beyond Skin : 1 Doc International Bhd IPO is priced to sell

 1 DOC International Bhd, is not my cup of tea because, apart from wanting to cash out some of the money in the company via a bumper dividend, the major stakeholders seem to be in a hurry to cash out.

CASHING out during the IPO process is normally through shareholders offering their own shares for sale.

CEO Ong Hong Keat, COO Joel Yap Jiang Feng, CLO Chin Boon Keat, and investor Teoh Hui Sim will be selling off a chunk of their shares.

IN total some 238. 98 million shares , account for shareholders cashing out or about 41 per cent of the entire IPO. New shares to be issued are a mere 341.40 million shares.

HISTORICALLY, two-thirds of new listings, with huge offer for sale shares , eventually falls below their offer price, largely because a majority of these companies reported lower net profits post-listing READ : Offer for sale powered IPO, are a bad omen

DATA indicates since 2020, 96 out of 213 IPOs on Bursa Malaysia featured Offer for Sale (OFS) portions making up 30 per cent of total proceeds, have fared poorly.

IN plain English, the I Doc International IPO, is one priced to sell and not perform, banking on the old saying a sucker is born every second.