SO too would its then managing director Eddie Ng Chee Siong, while its auditors UHY READ : who may have a lot to anwser for on what happened that day, came out slightly better with a 0.48 per cent majority mandate. UHY would latter quit as the Revenue Group Bhd auditor in an intriguing tale that is yet to be told.
FOR reference purposes, if you wish you can VIEW : Here on how the vote went down that day,and then VIEW: Google up on how 29 days latter the board decided to suspend two of the dissenting executive directors who voted at the shareholders meeting to remove the directors were slapped charges for an asset valued at zero ringgit in Revenue Group's accounts.
DID the board act in the best interest of the company or were they acting in the interest of the Corporate Mafia and its partners, is an anwser that only will be revealed in 2024 .
BUT, what I am at liberty to disclose to you at this point of time is atleast two of the former directors, ended up in some very interesting companies.
AS we all know, Eddie Ng Chee Siong who subsequently sold all his shares in Revenue Group and quit as chairman of the company, still maintains an office at the Revenue Group Bhd headquarters.
THE other, is Alwizah Al-Yafii Ahmad Kamal, VIEW: who surprisingly after being reelected as director , quit Revenue Group Bhd sometime in March 2023.
BY May 2023, Alwizah Al-Yafii Ahmad Kamal, would be appointed as a director in VIEW:Sarawak Cable Bhd, a stock which had risen by some 246 per cent this year, reminiscent to Hong Seng Consolidated's rise during the Covid 19 era.
DO not note on December 6 this year, Alwizah Al-Yafii Ahmad Kamal would quit Sarawak Cable just days before Rafat Ali Rizvi was identified as the white knight of the company. READ : The 2014 statement by the United Nations Office on Drugs and Crime on Rafat Ali Rizvi
MUCH more interesting than the above piece of news is that a month before Alwizah Al-Yafii Ahmad Kamal's appointment in Sarawak Cable was the emergence of READ : Russell Walter Boyd as the CEO of Sarawak Cable Bhd.
SO why is Russell Walter Boyd important in this conversation? Well because of his knack of appearing just in the nick of time to sign deals that never saw the light of day with Hong Seng Consolidated.
THOSE deals,helped the share price of the now TWO SEN Hong seng with a market capitalisation now of about RM100 million to rise up to well above RM3 per share with a market capitalisation of well above RM7 billion, back in the day.
WHERE is the proof, one may ask? WELL look no further than READ : the Corporate Mafia's Hydra in Sarawak Cable.
