Wednesday 15 November 2023

WiseGuy inside The Corporate Mafia : Meet the Corporate Lingchi!!

LINGCHI is a Chinese phrase which in the modern English language, has come to mean a situation where lots of small bad things are happening, none of which are fatal in themselves, but when put together it's a boardroom master class on how to finish off, business wise, the people on the other side of the court.

YESTERDAY,  Hong Seng Consolidated Bhd shares had fallen by one sen to close at four sen a share. It was the most traded stock on the stock market with more than 700 million shares exchanging hands.

THAT one sen loss, resulted in a minimum loss of RM50 million in market capitalisation, to bring the company's self worth on Bursa Malaysia down to the last RM200 million or so.

APPARENTLY,  attempts to roll over up wards had failed just like an earlier attempt some time between August and October 2023 had resulted in the corporate mafia ending up with more than 179 million Hong Seng shares than before.

A new door will soon be pierced open , but only this time it strikes at the very heart of MMAG Bhd.

IT has nothing to do with any shareholder disputes but rather something very dear and close to Prime Minister Anwar Ibrahim's heart ;  HUMAN RIGHTS....

To be Continued!.