Monday, May 02, 2011

Tricubes Berhad: insider trading?

If the following is true, and considered not insider trading, I don't know what is...

"Khairun Bin Zainal Mokhtar, CEO and biggest single shareholder of Tricubes Berhad (KLSE: TCUBES, stock-code 0062) disposed 20,000 shares and transferred 2,000,000 shares to his wife, Zalianna Binti Mohd Zaman Khan, according to the latest changes in shareholders received by Bursa Malaysia on 14 Feb 2011. Effectively Khairun’s direct shares reduced to 38,690,734 or 29.31%. As of now, there’s no filing if his wife has disposed any of the shares transferred to her after the stock skyrocket. If she did, then the whole 1Malaysia email proposal would be most interesting.

To award a RM50 million project to a GN3 financial troubled company was bad enough. To lie and spin the story that it would cost the government and hence the tax-payers absolutely “nothing” to enjoy the un-necessary email facility was an insult to the peoples’ intelligence. To declare now that each email will actually cost RM0.50 each (or less) after much uproar by the netizens is an admission of daylight robbery endorsed by the government of the day..."

Source:

No comments:

Post a Comment