AFTER all, READ : South Malaysia Industries Bhd owns and operates 2,230 car park bays in Kelana Square and 1,227 car park bays in Zenith Corporate park in Kelana Jaya, a business in which, Leong Seng Wui should be very familiar with because Victor Chin Boon Long had the foresight to place him to manage the parking bays at Federal Hotel.
FORESIGHT or not, a year before Leong Seng Wui`s name was ever mentioned in relations to SMI Bhd, READ :a nostradamus in the KL Screener forum had rightfully figured out, the Corporate Mafia's bad intentions for SMI Bhd.
BUT apparently, the nostradamus failed to inform the Corporate Mafia, that the current management READ : would pull off a stunt like never before, forcing Velocity Capital who again lend money to Leong Seng Wui to acquire shares in SMI to rush into a privatisation exercise.
THAT, being said this is the second time in succession, the Corporate Mafia has got more than it's finger burnt, with the first being in Revenue Group Bhd.
THE losses in Revenue Group Bhd, was much more than money because the hostile takeover eventually cut of the oxygen supply that the Corporate Mafia had used their preceived links to law enforcement to get their way.
NO longer being weaponised the Corporate Mafia it seems have invested money with a weekly business related magazine as well as cyber troopers to roam forums such as those in i3investor and KL Screener to sway investor opinion.
NOT saying that the current management are saintly but atleast, they have kept SMI shares at a respectable 40 sen a share.
INVESTORS thinking about trusting the Angel they do not know to replace the devil, they already know, should check out the share price of Green Packet Bhd, Hong Seng Consolidated Bhd and Revenue Group Bhd as well as the strange money laundering like warrant conversions in these companies.
WHY these companies, well because the very soiled Leong Seng Wui name are directly linked to them.
