ERIKA JOHNSON
Directors Caught plundering YNH Property assets worth RM 422 Million
YNH Property Bhd Directors caught plundering assets worth RM 422 Million in a scam transaction to sell the company's two primary income-producing assets undervalue to the YU Syndicate-controlled company, ALX Asset Berhad. Leaked documents reveal the alleged fraudulent scheme.
Rapid Synergy Annual Report contains Material and Fraudulent Misrepresentation
Rapid Synergy Bhd's chairman, Yu Kuan Chon, deceived shareholders with fraudulent misrepresentation in the 2021 Annual Report. The company hid related parties to avoid a mandatory takeover offer.
Rapid Synergy Deceives Malaysia Security Commission in a Botched Cover-Up
YU KUAN CHON, Director of Rapid Synergy Bhd, tricks Malaysia Security Commission in a botched cover-up of indirect shareholdings. CHAN WENG FUI, a connected party, has undisclosed substantial shares in the company.
Shady Scheme used to Siphon RM1 Billion from YHN Property Bhd
Delve into the alleged shady scheme used by the Yu Syndicate, controlled by Yu Kuan Chon and Yu Kuan Huat, to siphon RM1 billion from YNH Property BHD through joint ventures involving 18 dead or frozen projects.
Budget 2023 will be among the focus for the 15th Malaysian...
The 15th Malaysian Parliament's first session on December 19 will focus on approving emoluments for public employees and preparing a new or revised budget under Prime Minister Anwar Ibrahim's administration.
SpaceX launches 3 visitors to the space station for $55M each
SpaceX successfully launched three international business entrepreneurs to the International Space Station, marking a milestone in private space travel. Passengers from the US, Canada, and Israel will spend over a week orbiting Earth, paying $55 million per ticket for this exclusive space experience.
The US, EU sign data transfer deal to ease privacy concerns
The European Union and United States have reached a preliminary agreement to ease data transfer restrictions, allowing European personal information to be stored in the US. President Biden and European Commission President von der Leyen announced the breakthrough during Biden's Brussels visit.
