TEOH Hai Hin as we all know helms Hong Seng Consolidated Bhd, but that too only until mid this month, as the Catholic Boy in Teoh Hai Hin could no longer stomach being associated with shaddy characters such as Victor Chin Boon Long and the really dodgy and dark character known as Francis Leong Seng Wui.
THOSE who know Eddie Ng Chee Siong, the former Chairman and executive director, of Revenue Group , who is now under enforcement investigation of his own, should ask him to reveal his FIRST HAND INFORMATION on the identity of the former chairman of Revenue Group that was slapped in the face by Francis Leong Seng Wui in front of the staff.
THE above incident, I believe is insightful enough for the reader to have a vivid picture on what type of slum characters, Teoh Hai Hin had to tolerate in Hong Seng Consolidated.
TEOH Hai Hin has often been falsely accused as the funder of Victor Chin Boon Long's notorious band of Bursa Malaysia pirates known as the Corporate Mafia, when he was a mere hostage of circumstances.
TEOH Hai Hin, has placed his personal value of being part of the congregation at the Blessed Virgin Mary Church in Butterworth, Penang at a higher pedestal than being associated with Hong Seng Consolidated, which is a nucleas of the company his father started.
APART from Teoh Hai Hin, his 38 year old daughter, Teoh Soon Hai also doesn't want to be VIEW :Even remotely associated with Victor Chin Boon Long.
TEOH not only quit as group managing director of Hong Seng Consolidated as a sign that he is not happy with the corporate Mafia, he has sold off VIEW : 150 million Hong Seng Consolidated shares.
HIS proxies on the board of Hong Seng Consolidated have informed the company officially that in the coming days, they will trade on more Hong Seng Consolidated shares.
WITH the Teoh Hai Hin family having taken the painful decision to publicly distance themselves from the company their forefathers set up, the knives will finally come out and there will be hell to pay for.
VICTOR Chin Boon Long no longer has the luxury of operating under a cloud of respectability which came along Hong Seng Consolidated as long as the Teoh Hai Hin family was in charge of running Hong Seng Consolidated.
LOSING that respectability is very damaging to Victor Chin Boon Long, who had also lost yet another friend in the process.
AS for Francis Leong Seng Wui, it is even worst, as figuratively, he is a DEAD MAN WALKING.
