HONG Seng shares are at its lowest level, trading at 9 sen on Friday, as its Penang bred managing director Teoh Hai Hin faced another torrid day in the office.
FOR the second quarter ended March 31 2023, Hong Seng's revenue fell by RM113 million to RM3.62 million.
WORST still, Hong Seng has been spending RM2.85 to earn every ONE ringgit, resulting in a loss of RM9.35 million for the quarter under review.
TEOH Hai Hin, I gather is not happy in the manner the Corporate Mafia brand name has stuck like a glue to Victor Chin Boon Long and with efforts intensifying to snap the spinal cord of the Corporate Mafia, business has been bad for Hong Seng.
TEOH has concerns his family name, his father's name especially among the congregation at the Blessed Virgin Mary Church in Butterworth, Penang is being dragged down by the antics of Victor Chin Boon Long and Francis Leong
Seng Wui.
