Pity those workers at revenue. Their management all conmen under mafia group and behind the scene still have this pariah Eddie Ng. If Eddie Ng so ethical won't deactivated his fb la. Last time like to show off with all the awards. Now hiding? Haha
Redhotpepper@ yaya. Akan datang! That is why in life do not resort to doing all this con things. Mafia group and Eddie Ng, they think they can escape by doing all this dirty things but one day they have to repay. Karma will hunt them soon. Haha
I hope if macc or government reading this, pls take action against mafia group and Eddie Ng! This is getting out of hands and why no action taken against them? Is klci being use to siphon money and they can do anything they want? Smaller investors are never being protected by all this conmen!
AT the start of financial year, REVENUE Group had RM82.52 million cash and if you add the RM62.59 million the company received by a warrant conversion thar makes no economic sense, its total cash should come up to RM145.11.
UNFORTUNATELY, Revenue Group is now only left with RM21 million, but it has a borrowing of about RM40 million, which basically means theoretically the company has a negative bank balance.
And also for the final quarter, for every RM 1 in turnover brought into the company,Revenue was losing about 55 sen.
BASICALLY, Hong Seng has lost more than RM5 billion of its value in just 23 months, and if you add the other victims of the Corporate Mafia, such as Classita Bhd and Revenue Group Bhd, the Mafia Group is responsible for about RM10 billion real value loss.
LET'S just put this RM10 billion in perspective. It comes out to about 2.57 per cent of Malaysia's RM388.1 billion budget for 2023.
AS for the likes of Kenneth Vun Yun Liun, Victor Chin Boon Long, Francis Leong Seng Wui dan rakan rakan, all I can say is Welcome To The Pleasure Dome, we are not far away from a home run!!! Also please put Eddie Ng in jail as well!
Every quarter also in the red as con too many smaller investors. Now they are waiting to do privatisation just to get the funds to pay salaries to mafia group. This counter if possible Macc should investigate especially mafia group and Eddie Ng. Haha
AND so is its former chief executive Eddie Ng Chee Siong, who has gone from a high flyer public listed company's top gun, now stripped bare with only a pub under his name.
EDDIE Ng Chee Siong is also the pub's number one customer in terms of alcohol consumed, who is now left with little friends left and interest payments soaring on existing debts. The biggest conman of the century pariah Eddie Ng.
WHY should the SC and Bursa poke its nose into Revenue Group Bhd's READ : plans to acquire a controlling stake of 51% in Innov8tif Holdings from glove maker Hong Seng for RM36 million in a total cash purchase.
SIMPLE, to ensure there is no element of fraud in the entire exercise, considering that READ :even as early as 2021, the Minority Shareholder was probing Greenpacket for buying Xendity for US$10 million without the company having a profit and loss track record
SPICE this up with the fact that at the time Greenpacket sold off Xendity from about RM17.5 million, the sale price was much lower than its final purchase price of RM28 million.
IN recent weeks, it has been repeatedly mentioned over here that Victor Chin Boon Long, is cash strapped, largely due to the Corporate Mafia exposure to Revenue Group.
IT is estimated the Corporate Mafia's ownership of Revenue Group has gone past 87 per cent, with a large block stuck in Kenanga, while close RM60 million of Revenue Group's cash has been exhausted by them. This mafia group with Eddie Ng best rot in jail. Haha
Check out nuclearmanbursa.blogspot.com. Revenue mafia gang many many conmen inside. It makes no sense to buy Innov8tif but why this mafia group lead by FL die die want to acquire this company? Pay salaries for all the useless management? Haha
Eah and vinvest all conmen inside la. All just do wayang show. As usual, our government doing nothing and letting all this conmen do whatever they want. Day day talk about good governance end up, the government is doing nothing. Talk big most of the time. Haha
New company name Convenue lead by mafia group with the support from Eddie Ng. Business model: to cheat small investors with their blow water stories. As long as directors get high salaries, company lose money not an issue. Haha