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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

Auditor-General: What about the RM130 million deficit in TM?

Dato’ SIew Ka Wei, former chairman of Tourism Malaysia & executive chairman of ANCOM Bhd, was arrested and detained by MACC. The questionable RM130 mil deficit of TM!

Siew Ka Wei: “Speedy Gonzales” Deal Tainted With Clear Conflict of Interest! Part – 1

Left: Yg Bhg Datuk Seri Mirza Mohammad Taiyap, DG of TM & Yg Bhg Dato’ Siew Ka Wei, Chairman of TM.

Yg Bhg Dato’ Siew Ka Wei  (“Dato’ Siew”) is the super powerful executive chairman of Ancom Bhd (Ancom), HERE.  We know Ancom is one of the most profitable public listed companies in Malaysia! Under Ancom there are several whole-owned subsidiaries namely Redberry Sdn Bhd (Redberry is a media & Communication Group), Meru Utama Sdn Bhd,  Focus Media Network Sdn Bhd (Focus Meida) and etc. Malay Mail is one of Redberry’s outfits.  Dato” Siew was flying very high in the corporate world as well as in BN until the General Elections of 9 May!

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