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Tencent Holding

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

MACC Investigates UKSB. What About “Speedy Gonzales” Deal?

Yours truly had written about Ultra Kirana Sdn Bhd (UKSB), the visa processing companies several times, HERE, HERE & HERE and the scandalous “Speedy Gonzales” deal worth RM99 mil between Geeko Tech Sdn Bhd (Geeko) and Tourism Malaysia (TM).  Many of the readers have been complaining that reports have been lodged with MACC and why no actions … Read more