Tuesday 28 November 2023

I said it, Hong Seng Consolidated's Teoh Hai Han is doing it

BACK  in August, I had written that READ : Hong Seng Consolidated's Teoh Hai Han is quitting the company lock, stock and barrel.

WELL, it looks like such as outcome is coming closer to reality,  as the Corporate Mafia themselves become more detached from factuality. 

YESTERDAY, Hong Seng Consolidated informed tbe stock exchange  that VIEW : sold 155 million Hong Seng shares over a period of two days in late November this year.

TEOH  no longer has a direct stake in Hong Seng Consolidated  these days, and the only ties he has with the company his father and grandfather help build is now an indirect stake in Hong Seng Consolidated.