WiseGuy inside The Corporate Mafia : Bursa Malaysia.

BURSA Malaysia, the frontline requlator of the Malaysian capital market, seems to have finally grown a pair of testicle, just 22 days short of Abdul Wahid Omar's reign as chairman of the exchange, ends up in the annals of Auld Lang Syne.

YESTERDAY  a brave Bursa Malaysia demanded to know the identity  of the person who sold 45 million MMAG shares to NEXG Bhd? READ : NexG says Ng Them Seang is the seller of the 45 million MMAG shares.

IF you don't know who Ng Them Seang is... well he was the READ : major shareholder in MMAG Bhd, back in 2022.

NOW the question which we should be asking ourselves  is, if Bursa Malaysia can ask you to identify in public,  who sold you shares in an off market deal, what on earth is stopping Bursa Malaysia from asking REVENUE GROUP BHD to name every single minority shareholder who converted Revenue Group warrants at a conversion rate of 75 sen a warrant, when the mother share price was less than 25 sen a share.

IN total, READ : some RM63 million was artificially syringed into Revenue Group Bhd, with no logical explanation behind the conversion.

WHO were this people,  who didn't buy the mother share priced at less than 25 sen a share at the time of conversion, but instead chose to pay 75 sen  per warrant to convert the worthless warrant into mother shares?

ARE those people related to santa clause?, or merely idiots with money? , or a bunch of drug dealers busy cleaning up their money, using Revenue Group Bhd listed on Bursa Malaysia as a washing machine?

MALAYSIA deserves an answer before a foreign publication such as the South China Morning Post anwsers it for us and turn the now wobbly stock exchange into a real life Humpty Dumpty !!!.

WiseGuy inside The Corporate Mafia : Xi Jinping

RUMOUR has it READ : the recent reinvestigation on Tedy Teow ' fraudulent MBI scheme, is due to the impending visit of China’s President Xi Jinping.

NOW,  let's assume this rumour has some meat in it,  then logic will lead us to the assumption,  this is something Beijing, wants settled once and for all.

CHINA'S president Xi Jinping, has been in the game long enough to know that there is no point in having nuclear bombs, state of the art battle cruisers, if you can't protect the well being of your own people.

BEIJING knows the art of diplomacy, but there are some issues,  Beijing will show you the middle finger if you cross the line, such as the issue of Taiwan.

APPARENTLY,  Tedy Teow which Beijjng insist should be reffered to as Zhang Yufa is also apparently high on Beijing's don't mess list,  which can be seen in how READ : Thailand denied Malaysia's request to send Tedy Teow back to Malaysia but instead handed him over to China.

THAILAND  is not dumb, and it knows the public relations  repercussions, if the court in China decides its the firing squard for good ole Tedy Teow. 

BUT as the Malay saying ANGIN TERLALU KUAT, which had the Thai's accepting a future PR backlash , against the heat from Beijing.

NOW, Malaysia has a problem. The problem's name is Farhash Wafa Salvador, the ex political secretary of Anwar Ibrahim.

FOR those who are familiar with the Malaysian stock market Farhash Wafa Salvador is exactly in the same boat as READ:Mohd Nazifuddin Najib, when Raymond Chan introduced him to Malaysia via Harvest Court Bhd.

TO  the insiders, we all knew that Mohd Nazifuddin Najib had almost no clout with his dad Najib Razak, but to the outsiders, he was the all powerful son of the Prime Minister.

IN short, READ : Farhash Wafa Salvador's glory days as Anwar Ibrahim's blue eyed boy, has been over for sometime now, eventhough he is still acting the part.

BUT what has MBI, or as some people like to call it Tedy Teow's READ : MPIRE, got to do with Farhash Wafa Salvador, one may ask?

WELL the devil is in the detail, and I am sure, the China embassy won't mess up on the info memo to our most honourable future guest Xi Jinping.

IF you, yes you as in the China Enbassy in Kuala Lumpur,  if you click on the above MPIRE, you will notice, that the company which signed the deal with Tedy Teow's proxies, then known as Sand Nisko Bhd, has today changed its name to  VIEW : MPIRE Global Bhd.

SO what's the big deal here? Well it has all to do with the executive chairman of MPIRE Global , Billy Goh Soo Wee,  who controls the the listed co, via his 27 per cent stake in MAYAPADA Capital Sdn Bhd.

MAYAPADA Capital is a READ : known front for Tedy Teow's pyramid scheme that left more than 2 million investors from China losing a lot of money.

SO what? And what has this got to do with Farhash Wafa Salvador? 

WELL, the executive chairman of Mpire Global is also READ :now a paid employee of Velocity Capital.

YES, this is the same Velocity Capital that has on paper lent VIEW  :Farhash Wafa Salvador more than RM200 million to buy MMAG Bhd shares, which Velocity had actually the first right of refusal on.

NOW what or who are the familiar names that tend to come out, when we mention MMAG Bhd, Velocity Capital Bhd and Nexg Bhd?

ONE NAME sticks out ; Victor Chin Boon Long, which then branches out to his boys Francis Leong Seng Wui  and Teh Chee Hoe

SO there you have it guys, in order to get the heat of their backsides, the Corporate Mafia decided to show their ace (Farhash Wafa Salvador).

BUT unknown to them then, the ace turns out to be a double aged sword,  just sharp enough to catch Beijing's attention, who definitely will now want to play a round of LINGCHI.

State of the Nation : Trump's Tarrifs

MALAYSIA might have missed the most important thing, which Donald Trump had to say about the stiff tarrifs imposed on READ : on the tarrifs imposed on countries such as Malaysia.

IN what seemingly looks stranger then even fiction, Donald Trump, could well be hailed as a hero by ordinary Malaysians at ground zero in years to come.

THE US president, who some claimed has lost his marbles, has made it crystal clear, that he is looking at the art of the deal to inspire nations such as ours to READ :to come up with phenomenal offers that would benefit the USA, in order for tarrifs to come tumbling down like Humpty Dumpty.

MALAYSIA actually can offer a lot to the USA, without breaking its back,  as it has the right optics, that could make Donald Trump feel great about Malaysia again.

FOR starters, let's ask ourself, why is it, we don't have a free trade agreement  with the USA since talks were suspended by Muhyiddin Yassin without even informing the cabinet back in 2008?

ITS due to our own tarrifs imposed by successive government's on the shoulders of Joe public, via the Approve Permit for automotives, which in turn had READ : seen Malaysia ranked just below North Korea in the most expensive place to own a foreign made cars , global charts.

FAT   Rafizi Ramli READ : has been promising since 2023, to put an to the AP scrooge, have gone silent since 2024, on how to kill Malaysian households most expensive asset purchase which diminishes in value over time.

MALAYSIA should start cracking on killing off the Approved Permit foe Automotives  business , so that we have something good to make Donald Trump feel good about himself.

IF, that doesn't convince Trump to take the bait, we can sweeten the deal by throwing  Huawei under the second 5G network bus.

NEEDLESS to say, such a move won't thrill, China's Xi Jinping who will be visiting our country this month.

MALAYSIA's top priority should be Malaysia, and it won't hurt us one bid to have a crazy American with a cowboys view on world affairs considering it is not the USA, but rather Communist China that is claiming part of Malaysia as their father's land, while stating China has zero claims on Singapore's sovereignty.

State of the Nation : THE return of MBI

THE Tan Sri , said to be at the centre of attention. due to the reinvestigation on the MBI pyramid scam is ECK Development Sdn Bhd.

THE face of ECK Development, a developer said to be close to PAS and the DAP is Khor Eng Chuen.

KHOR acquired ECK in 2019 from Teow Ee Meng, who was charged READ :with money laundering linked to the MBI scam.

BUT hey, let's not pretend that Khor Eng Chuen is the only Tan Sri  dealing directly with the now infamous Tedy Teow Teow Wooi Huat.

MBI,  had shareholding links to Airasia, and back in the day around 2013,  the company was spending around READ :RM1.8 million a year to have the MFace brand name painted on Airasia aeroplanes.

LETS not forget, that the former inspector general of Police, Musa Hassan was a very  VIEW :high profile consultant along side AC Muzal, the TV perfonality

WHILE Bank Negara did eventually  take action against  MBI, and Tedy Teow Wooi Huat,  let us not forget,  the action only came , two years late. READ : In 2016, Penang Consumer Association, investigated MBI, and reported it to thr Central Bank, yet strangely Bank Negara Malaysia decided to sit on its fat backside for two years.

IF Tedy Teow Wooi Huat,  was taken to China,  he could have actually  been roaming free in Malaysia, because after the initial drama, on wanting to fry Tedy Teow Wooi Huat,  READ : The police had to NFA his case, but receiving the marching orders from the DPP's office.

ONE very interesting aspect about Tedy Teow Wooi Huat  is that while he is known as a top notch scam king in Malaysia,  as well as in China.

IN Thailand, its a different story.  The Danuk centric businessmen, said to be a billionaire was high on the wanted list in Thailand, for being an international boss of a drug trafficking ring. READ : In 2017, Tedy Teow Wooi Huat arrested by arrested by the Thai Narcotics Suppression Bureau on drug charges,

WiseGuy inside The Corporate Mafia : Farhash Wafa Salvador Rizal Mubarak

WHEN it does not make sence, be WARY of what's ahead of the road, because surprises almost always end with retail investors losing their underpants.

TAKE Farhash Wafa Salvador Rizal Mubarak's exploits on Bursa Malaysia over the past two years or so.

1. APEX Equity Holdings Bhd

Appointed EXECUTIVE CHAIRMAN VIEW :  on Dec 27 2022

A. On 21st May 2024, acquired 1,937,400 shares at  RM1.04. (1,937,400*1.04) : RM2.01million.

B. On July 15 2024, bought 1.68 million shares at RM1.19.(1.68*1.19) : RM1.99 million.

Total spent is RM4 million, with the shares registered under the name of Farhash Wafa Salvador Rizal Mubarak.

IF you wish to check the accuracy, please feel free to Click here and also here.

2.Excel Force MSC Bhd

Appointed EXECUTIVE CHAIRMAN VIEW : on May 9th 2023

A. On 21 November bought VIEW : 5 million shares at 40 sen a share for a grandtotal of a RM2 million investment with the shares registered under the name of Farhash Wafa Salvador Rizal Mubarak

3. WHAT is the role of an EXECUTIVE CHAIRMAN?

READ : an executive chair is actively involved in the day-to-day management and decision-making of the company. Their level of responsibility can vary based on the company structure, but they typically have a significant role in shaping the organization’s long-term strategy.

4. NOW Let's look at Farhash Wafa Salvador Rizal Mubarak's recent purchase of a 20 per cent stake in MMAG Bhd at somewhere between RM287 million and RM330 million.

A. POSITION 

   Non Independent and Non Excutive Chairman.

The non-executive chair acts as a bridge between the board and stakeholders, including shareholders, employees, customers, and the wider community, ensuring effective communication and addressing concerns.

DO note while an executive chairman is higher than a managing director, a non executive chairman has less power than a managing director. 

B. Are the MMAG shares registered under the name of Farhash Wafa Salvador Rizal Mubarak? 

NO they are not, while on the surface the shares look like they are registered under the Malay individual known as Farhash Wafa Salvador Rizal Mubarak, a check on Bursa Malaysia's website reveals the shares are registered under a subsidiary of a  public listed company controlled by a johor based business tycoon. 

VIEW : Velocity Capital Partners Sdn Bhd are the by law registered shareholder of the 20 per cent stake in MMAG Bhd.

5. CONCLUSION 

WHY would a guy insist on being executive chairman of APEX Bhd and Excel Force where he is the registered shareholder, but only with a Capital outlay of just RM6 million, but allow himself to be the non-executive chairman of MMAG where his Capital outlay is between RM280 million and RM330 million?

THERE is nothing illegal in what Farhash Wafa Salvador Rizal Mubarak, a former non executive and independent director of the Singapore listed Bluemont Group Ltd (2014 to 2016) is doing.

DO note in 2013, Bluemont Group Ltd was one the three companies, fiddled by JOHN SOH CHEE WEN which caused the eight billion Singapore  dollar penny stock crash in the Island state.

WiseGuy inside The Corporate Mafia : Velocity : Notorious part 2

ON  January  6 this year, I had already warned that READ : Velocity Capital Partners Bhd ... NOTORIOUS.

LITTLE  did I know then, how notoriously dumb,  Velocity Capital would turn out to be, with their inexperience providing those who want to see Anwar Ibrahim fail, with ample ammunition. 

WORST still the entire deal, reflects badly on NGA Kor Ming,  the DAP man of the moment, who happens to be the Housing Minister.

CONSIDER the following,  Velocity Capital Partners basically financed VIEW : Farhash Wafa Salvador's purchase of 462 million MMAG shares via an off market deal.

BASICALLY,  with a ten per cent discount to the closing price of 69 sen a share on the day of announcement, this translates to (462 million MMAG shares times 0.621) to RM287.026 million , given by a Kreditkomuniti firm licensed by the Housing Ministry  to Farhash Wafa Salvador to acquire the shares.

NOW,  don't forget a year ago, Velocity had already given LEONG Seng Wui and friends VIEW : some RM14 million to buy more than 32 million SMI Bhd shares at around 30 something sen per share.

AND then since Velocity is banking on Leong Seng Wui taking SMI Bhd private at about READ:45 sen a share, basically there is another RM40 million more outlay by Velocity if the privatisation exercise goes through.

NOW remember the following numbers RM287.026 million for Farhash Wafa Salvador plus RM40 million for Leong Seng Wui and friends, rounds up to  RM327.026 million.

AS at December 30th 2024, VIEW : Velocity Capital using the Kreditkomuniti license had lent out RM330.75 million, Velocity's exposure to the stock market is now at a very dangerous  RM301.026 million (RM287.026 million plus RM14 millon).

THE housing minister should clarify if in the history of Malaysia, has a single Kreditkomuniti license holder given out RM301.026 million to merely to entities to go buy stocks on Bursa Malaysia.

DONT we have stockbroking firms and merchant banks to finance such RM300 million deals? 

WHY is Nga Kor Ming allowing this to take place, doesn't he know,  when shit hits the fan, (and it will eventually) it's the DAP brand name built by Lim Kit Siang which is going to go down the toilet bowl?