Ancom Acquisition Of Dormant Company Is Puzzling

The screenshot of Ancom Bhd‘s public announcement of its acquisition of Media Works Sdn Bhd, which is a dormant company, for RM1.   It would have been an otherwise a normal affair for a public listed company to acquire shareholding in a Sdn Bhd.  What had made it so strange was the acquisition of a … Read more

Visa Processing Is A Lucrative Business!

    On 19 October 2018 YB Dato’ Seri Dr Ahmad Zahid Hamidi (Zahid), president of UMNO, was slapped with 45 charges off money laundering involving RM72 mil and criminal breach of trust and accepting bribes involving RM42 mil, HERE. Out of the 45 charges, 3 of which is connected with a visa processing company … Read more

Siew Ka Wei: Tencent Picked GEEKO As A “Special Purpose Vehicle”! Really???

Siew Ka Wei said in a press statement that Tencent picked scandalous Geeko as a Special Purpose Vehicle”. It was a big joke!