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 !!!.
