Friday 15 March 2024

Victor Chin Boon Long's pointmen exit Hong Seng Consolidated Bhd

A shake down is taking place in real time at Hong Seng Consolidated, as the point men of under pressure, under watch and under scrutiny businessmen Victor Chin Boon Long , exits the company 



MEET Christopher Chan Hooi Guan, the founder of Joget Inc, who went on to be the chief executive officer and substantial shareholder in Media Shoppe Bhd, before he quit the company.

SINCE then Christopher Chan Hooi Guan, held a series executive directorships in some of the entities such as Vortex Bhd, Harvest Miracle Capital Bhd, HS Bio Sdn Bhd, Open Dynamics Sdn Bhd.

HONG Seng Consolidated was the most traded stock of this Friday with slightly more than 280 million shares traded, but the after trading hours  disclosure READ : that on Thursday , Christopher Chan Hooi Guan sold more than 179 million shares for slightly more than RM3.5 million , points to a very troubled Hong Seng Consolidated.

TROUBLED , because Hong Seng Consolidated Bhd have lost about RM8 billion of its market capitalisation after many of it's COVID related ventures as well as the rubber city project turned out to be nothing more than  HOT AIR.

VICTOR Chin Boon Long though is understood to have moved his operations from Hong Seng Capital to MMAG HOLDINGS BHD , READ : where he was appointed executive director at the very start of 2024