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.
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.
Discover how the Yu Syndicate, led by brothers Yu Kuan Chon and Yu Kuan Huat, allegedly swindled RM800 million from Rapid Synergy Shareholders through land scams involving Malaysian public companies YNH Property BHD and Rapid Synergy 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.
Hyundai Motor Company is set to produce flying cars for ride-hailing giant Uber as part of the latter’s aim to provide air taxis by 2023.
The South Korean
carmaker which is famed for its inexpensive automobiles is set to mass
produce four-passenger aerial...
