CURRENTLY, under the main market rules, an individual is restricted to being a director of only five public listed companies.
WHICH, means Francis Leong Seng Wui, is still within the framework of the law, holding executive directorship in Revenue Group Bhd, Hong Seng Consolidated Bhd, Globetronics Bhd and Mpire Bhd.
WHAT, people are questioning is how come a man who has a history as long as two decades off, bleeding red inked blood out of public listed companies, is still being called upon to serve?
NOT only are the companies, run by Francis Leong Seng Wui, loss makers, they are equally badly managed.
FOR instance, Revenue Group Bhd, up to the third quarter of its financial year ending 30 September 2025, apart from being a loss maker VIEW : group turnover stumble by 27 per cent, which trade receivables spiked by more than 80 per cent to RM30.5 million.
WHICH leads us to our double down by TheEdge, who hasn't yet exposed any illegalities.
THE jabs on the Corporate Mafia, a group said to be minnions of the increasingly reclusive Victor Chin Boon Long started with a front cover issue READ : Mind-boggling investment decisions by the minnions.
THE double down on Victor Chin Boon Long's minnions is followed by an upper cut, that can only keep up guessing, which tale of the tape, could rightly describe the top officials of Bursa Malaysia and the Securities Commission.
ABSOLUTE bonker level idiots or shamelessly corrupt as theEdge it seems is getting ready for its next big kill. READ : Penny Stocks, Name Changes, Loss makers.
