WHAT not, with a slew of bodyguard and high powered cars, upon inspection has noe been asserted as not being bullet proof, decends a man, who have chosen to only be addressed as Mr CHIN into Wisma Revenue.
WISMA Revenue, is home to Revenue Group Bhd, an electronic payment solutions provider, which Simply WallStreet has staked its reputation on even at 20 sen a share is VIEW : is 142.7 per cent overvalued. The stocks fair value is less than 0.085 sen per share.
REVENUE might have been stirred but not shaken when Quek Leng Chan's Hong Leong Bank READ : had on July 2023, officially written to Revenue Group, that as soon as it finds a replacement , the Bank no longer wishes to associate it's good name to that of Revenue Group
QUEK Leng Chan's bank actually has a very valid point. Which decent business owner would want to be caught in public view sitting next to Francis Leong Seng Wui, the executive director of Revenue Group who has a long history of using Mafia methods.
CONSIDER the following, on March 2023. READ : a very frightened and visibly shaken former chief financial officer Ting Yi En of Classita , had made a police report against Francis Leong Seng Wui, the then executive director of Classita for intimidation.
BARELY a month after that, Francis Leong Seng Wui, READ : quit in a huff, and in disgrace ad Executive Director of Classita.
NOW coming back to Mr Chin's visit go Wisma Revenue, where despite not being on the shareholders list of Revenue Group, its executive directors namely Francis Leong Seng Wui and Teh Chee Hoe were seen openly briefing Mr CHIN.
S0ME of the details, given especially by Teh Chee Hoe were centered on information which Bank Negara Malaysia had specifically written down in black and white are privileged information that cannot be shared with outside parties, because it can lead to clients being vulnerable to attacks.
Mr CHIN had also brought shocking news to Revenue Group, that a certain company, which handles the VISA and Mastercard Clients in Malaysia, has also come up with the same conclusion as Quek Leng Chan, that they too no longer wish to do business with Revenue Group.
IT is at this point, former Revenue chairman and current full time pub owner, Eddie Ng Chee Siong, who has now been re employed by Revenue Group, with an office thrown in for good measure, might have been counting his lucky stars that Francis Leong Seng Wui did not jump and slap the face of any former directors of Revenue Group.
MR Chin's message was that cost need to be cut and cut fast or 2023 which has been the worst year for Revenue Group, will be looked back at in 2024 as a honeymoon year.
BUT wait a second yet, why on earth is Mr Chin who owns no substantial shares in Revenue Group giving speech to a group of senior Revenue staff that included at least two of the company's executive directors?
IS Mr Chin some kind of motivational speaker, or is he the ultimate owner of Revenue Group, who is now brave enough to show the world that he is the boss, because BURSA MALAYSIA UNDER WAHID OMAR HAS GONE TO THE DOGS