KEY Alliance Group to those, not familiar with its history, was formerly known as the notorious and infamous DVM Technology Bhd..
CLOSE to eleven years ago, Kenneth Yun Vun Liun was exposed for what he is by the Securities Commission READ ; for rigging DVM Technology Bhd shares.
HISTORY seems to be repeating itself, as minority shareholders of Key Alliance Group Bhd have been taken for a bloody ride, which could cost them up to 30 times their cash outlay investments into the company.
HOW is this so, one may ask. Well from 2022 to 2024, Key Alliance was on a cash raising spree, done via rights issue. ESOS, private placements and asset acquisition, which put this bleeding red ink company's Number of Shares Outstanding or NOSH to swell to 3.678 billion shares.
THEN from out of the blue, on January 13 this year, READ :Key Alliance announced plans for a 30 to one share consolidation exercise, trapping investors who bought on the high side into a 30 times deep pit hole.
DAYS latter. Kenneth Vun Yun Liun, a known donor of Perikatan Nasional, saw his Key Alliance READ : appoint the 42 year old Farhash Wafa Salvador as the executive chairman of the company.
FROM a distance the appointment of Farhash Wafa Salvador, looks and feels like a brilliant move by the former fugitive , Kenneth Vun Vun Liun .
LOOK closer though, and one will be able to see, why the thin, pale and frail looking Kenneth Vun Yun Vun is NOT the sharpest knife in the drawer by a mile and a half.
FARHASH Wafa Salvador, doesn't seem to have the best interest of Anwar Ibrahim as Prime Minister for taking the bait and jumping into bed with the gayish Kenneth Vun Yun Liun.
WHY you may ask? Recall what Dr Mahathir said VIEW : that there is growing perception among the Malays, that the current Government is only going after Muslims, while non Malays who are not Muslims seem to given a mere pat in the back even when there is ample trail that crimes were commited.
YOU give Dr Mahathir and easy ball, and ten our of ten times the 98 year old will hit a decisive home run.
SO guess who is being investigated by the anti corruption agency and the tax man, READ: even though the Securities Commission took credit for the raids? :
AS Mat Sabu said sometime back, the grass will suffer when an elephant and another elephant go head to head and rumble in the JUNGLE.
