LEONG Seng Wui and Teh Chee Hoe have only their underwear left following more than a 60 per cent fall in the share price of Revenue Group Bhd, which has been unable to operate with a positive free cash flow.
BASICALLY, Revenue Group Bhd's two twin executive directors , who had a cursed time in Green Packet Bhd, proves that together, then can send yet another public listed company to Timbuktu.
REVENUE Group is poised to announce a horrifying quarterly results on the 27th of this month. Already the company is losing eight per cent for every ringgit put into the business.
JOKES aside, one wonders how are those two especially Teh Chee Hoe servicing the interest on the loans taken from money lenders to buy the stock.
THE poor performance of Revenue Group Bhd shares also raises a poser on how on earth did Leong Seng Wui convince his pally pally money lender friend in Velocity Capital Sdn Bhd to lend him more money to buy stakes in Hong Seng Consolidated and in South Malaysia Industries Bhd?