WiseGuy inside The Corporate Mafia ; Aminul Islam Abdul Nor, Don't Go To Bed, With A Price on Your Head.

WHAT Malaysians need now on what is taking place with Victor Chin Boon Long's other half in Corporate Malaysia is the PLAIN JANE called SIMPLICITY .

THE Minister in charge of perhaps the most powerful ministry,  was on tip form in showing for every one to see on why he remains a member  of Parliament,  not elected by the people of this nation .

THANK you very very much, READ :Saifuddin Nasution for letting Malaysians know that the Phaltan Police station in, Dhaka, Bangladesh had asked Malaysia to arrest Aminul Islam Abdul Nor  .

NOW can the minister, use the full powers of his brain cells to provide the following?  Is there a warrant of arrest against Aminul Islam Abdul Nor  in BANGLADESH?

IF so,  are those charges  based on alleged criminal acts, that led to much more that ONE loss or LIFE?

IN the event the narrative above has more truths than falsehood in it, then the elephant in the room is WHY HASNT AMINUL Islam Abdul Nor's  CITIZENSHIP been ripped apart. 

Revenue Group Bhd, the devil's detail in plain sight.

LOOKING at Revenue Group Bhd's latest results which was announced yesterday, it didn't surprise, that the Leong Seng Wui lead team, has no clue on how to  move the company forward.

ONE doesn't need to be as smart as Albert Einstein to come to such a conclusion, as a lack of a game plan sticks out like a sore thumb.

CONSIDER the following, to understand why a lack of a game plan or even a game plan to have a game plan is not there.

JUST READ : the outlook and prospect section of Revenue Group Bhd or better still  use a word count.

THE word count will show you, here is a loss making company, where directors have deliberated on the outlook and prospect of the company in a 340 word long essay.

58.5 per cent or approximately  199 words from the 340 word essay, was used to explain the company's prospects  in its non core money lending business.  SHAMEFUL 

WiseGuy inside The Corporate Mafia : First Blood comes gushing out from Datasonic Group Bhd.

APPARENTLY,  the  stink bomb squad has been ORDERED to get rid of the stinking smell coming from Datasonic, a company with a proven track record of winning national security related contracts.

ODDLY, it is Datasonic'  innovative dealing making in a company appropriately named Innov8tif , that have got the wheels spinning in motion. 

AS such being unable to equity account earnings of Innov8tif  at group despite earnestly wishing to acquire 51 per cent stake for RM40 million , shouldn't  be of concern to the hidden in plain sight,  new force in Datasonic.

THE arrogance of the Innov8tif deal READ : lays in the believe that certain parties want us to believe that a company bleeding red ink all it's life, is so sought after, that atleast four public listed companies have bought and sold the company in a very short period of time

 

TWO days back  I highlighted, that Datasonic is in for a shocker soon with regards to it's existing KDN sanctioned contracts. 

FIRST blood came soon after,  with Government Linked  Corporations, washing their hands from Datasonic, the new leper in town READ : URUSHARTA JAMAAH SDN. BHD, which manages funds GLC starts off with million share dumping of Datasonic

THE fall out when it does come, will definitely  mark the purchase of Innov8tif ,  as  the back breaking beast, which broke the camels status cue.

AT the end of the day, Anwar Ibrahim, as Finance Minister is answerable, for even the questionable decisions not of his own doing or even to his liking.

THE soundbites coming out, seems to be in agreement, the  definitely  legal and and innovative deal making is in for a RUDE  RESPONSE. 

WiseGuy inside The Corporate Mafia : Bang, Bang, My Baby Shooting You Down, Datasonic Group Bhd.

DATASONIC Group Bhd, recently got panned by the eagle eyed minority shareholders on the company's free warrants as they have potential of diluting minorities who opt not to convert them into mother shares. 

FOR good measure stabbed salt into the wound , rubbishing the new management`s eager decision to reward themselves with beyond generous ESOS options. READ : DATASONIC esos reward to freshly minted directors is ludicrous.

MARK my words, and I am not MOUTHING without  basis, that DATASONIC, heavily linked to the Victor Chin Boon Long is going to receive a nasty retribution. 

DATASONIC which has come to the rescue of Victor Chin Boon Long`s stupidly superstitious boy, the former manager of the car park at Federal Hotel, Francis Leong Seng Wui. 

THE rescue was in the form of DATASONIC , giving the cash strapped, loss making Revenue Group Bhd, RM40 million in exchange for Innov8tIv, an asset which the company will not be able to equity account into its consolidated earnings.  READ : Innov8tif being passed around like a groupie

TROUBLE is not a friend of DATASONIC,  as directors in the know of what is in store have been selling the company's shares in the open , market, despite DATASONIC buying back it's own shares. READ : Director Chew Chi Hong selling Datasonic shares in the millions, ticks suspicious minds that all is not well

BANG bang, the Madani Government  is going to shoot DATASONIC down, by revoking some of the national security related contracts. 

DATASONIC is in a mess, and the omens clearly show . It must be that the Victor Chin Boon Long`s making hay in the sun days, have passed it's prime,  as DATASONIC, seems to have difficulty finding talents . 

THE appointment of Puvanesan Subenthrian by DATASONIC, which has national security linked business, is a clear sign there is a bad moon rising. 

WHY is this so, you may ask? Well it is because that Indian chap happens to be the CEO of Privasia Technlogy Berhad, which is under investigations on what buttons were pushed for the company to receive READ :a RM1.2 billion contract on the eve Parliament was dissolved for GE 15

Closure for Artroniq Bhd ? leaves a deeper poser on Revenue Group Bhd.

WITH the resignation of VIEW : Liaw Way Gian as executive director of Artroniq Bhd on November 4 2024, it increasingly looks like Artoniq is  looking for closure.

CLOSURE, from the unfortunate  incident that snared : MITI Minister Tengku Zafrul as well as Artroniq in an allegedly scam MOU that would go on to raise some RM50 million for the company.

WITH Liaw Way Gian's departure almost the entire board of Artroniq has been replaced while the incident is said to be still being investigated by the Royal Malaysian Police. READ : Artroniq Deputy Chairman and three other directors quit the company on August 2024.

THAT, Artroniq  Bhd which is said to have the backing of a son of a powerful Sarawakian politician with enough clout to bring down the Federal Government, wasn't enough fire power for the same faces to be the public face of the company is REFRESHING. 

WHICH brings us to the question, what or who exactly  is behind the black hand protecting Revenue Group Bhd being put under the SAME microscope for more than RM46 million that flowed into Revenue Group Bhd.

THE transaction has all the hallmarks of money laundering, because seemingly minority shareholders converted more than 62.59 million warrants, paying 75 sen per warrant to convert them into mother shares.

THE mothers shares, were at that point of time trading at nearly a 300 per cent discount from the 75 sen paid by unknown minority shareholders to Revenue Group Bhd.

BANK Negara Malaysia, the Securities Commission and Bursa Malaysia's silence is deafening as well as shamelessly DISGUSTING.

State of The Nation : The Black Swan Called BERNAS.

THE  Prime Minister upon his return from abroad was supposed to READ: make an important announcement on Bernas in line with the still secret recommendations made by the MYCC, the nation's anti competitive board.

INSTEAD he will touch down in Malaysia on hostile grounds due to READ : an edited clip CNN clip on the Prime Minister's stand on Palestinian issue, as well as what looks like a well planned READ : game plan to bring down the Sabah state Government.

ALL these weeks after Anwar Ibrahim  was praised for finally bringing stability to Malaysia.

ALL these also took place after Malaysia was told that the Prime Minister was on the verge of making a ground breaking announcement on the rice monopoly and the secret cartels behind them.

IS all that is suddenly brewing up in Malaysia blackswan events or a repeat of what happened after August 2018, when the late Agriculture and Agro-based Industry Minister  Salahuddin Ayub READ : told the Dewan Rakyat that the Government plans to end Bernas rice monopoly.

BY, January 2019, the still then popular PH Government lose a crucial BY election in Cameroon Highlands and in the following year, they would be overthrown , after BERSATU abandoned ship. 

COINCIDENTALLY,  Syed Mokthar would latter go on to READ : donate RM195 million to BERSATU, making him the party's single largest funder ever.

Bursa Malaysia stop asking silly Questions to Revenue Group Bhd.

ON Wednesday, Bursa Malaysia send out a set of questions to Revenue  Group Bhd regarding the company's intentions to sell off Innov8tif Solutions Sdn Bhd. VIEW : Bursa Malaysia ask so many questions except the CORRECT question

THE story of Innov8tif Solutions  is interesting because two top officials and former substantial shareholders from Greenpacket, who are very familiar with Innov8tif Solutions, having READ : sold Xendity for a RM10 million DISCOUNT to Innov8tif only for Hong Seng Consolidated to snap up the enlarged Innov8tif within days.

WERE Leong Seng Wui and Teh Chee Hoe  pushing for the sale of Xendity really in the best interest of GreenPacket minority stakeholders back in February  2023,  we will never know.

WHAT we do know is, the wankers Teh Chee Hoe and Leong Seng Wui, would conveniently appear in Revenue Group Bhd and by May 2023, decide to acquire READ :Innov8tif from Hong Seng Consolidated in RM36 million deal, allowing Hong Seng to book a profit of RM5 million.

CONVINENTLY, Leong Seng Wui, then becomes the substantial and major shareholder as well as  READ:Hong Seng Consolidated Bhd (HSCB) has appointed Francis Leong Seng Wui as executive director with immediate effect.

REMEMBER,  folks , Hong Seng had profited between RM5 million and RM5.5 million from the sale of Innov8tif,  and Leong Seng Wui is now the dominant force in Hong Seng Consolidated. 

NOW what does Leong Seng Wui do once he is sitting pretty in Hong Seng Consolidated? Well he and his fellow ex substantial shareholders of Greebpacket, Teh Chee Hoe decides that it's time for Revenue Group to sell Innov8tif to Datascan for a RM4 million  profit. READ : Datasonic to acquire Innov8tif for RM40 million

NOW folks,doesn't this look like Leong Seng Wui has control of RM9 million of the RM10 million DISCOUNT which Greenpacket gave when it sold Xendity to Innov8tif.  Do note at that point the sole director of Xendity was Leong Seng Wui.

COMING back to the correct question, which Bursa Malaysia should have asked is if in any of the documents specifically Revenue Group had submitted for public consumption to the exchange, with regards to Revenue Group's purchase of Innov8tif  from Hong Seng Consolidated,  did the company disclose that Teh Chee Hoe was in debt with the money lending unit of Hong Seng Consolidated?

IF  no, why was this peace of information not disclosed? Yes minority shareholders couldn't have voted in the deal, but that should not prevent them from knowing, as the time Revenue Group decided to be generous with Hong Seng Consolidated,  the shares supposedly owned by Teh Chee Hoe, was registered under a unit of Hong Seng Consolidated.