WiseGuy inside The Corporate Mafia : Victor Chin Boon Long Gets By With A Little Help From His Friends.

WHAT did Revenue Group Bhd do, after receiving around RM55 million via a warrant conversion exercise, that defied market logic? 

WELL, Revenue Group Bhd, did THREE things actually. The first being, Revenue Group Bhd READ : paid a steep premium to Hong Seng Consolidated to buy a 51 per cent stake in Innov8tif.

SECOND , Revenue Group, READ :sought approval from the stock of exchange to raise as much as RM50 million via a private placement exercise.