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 Distech, Dis Technology holdings

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sjz
post Mar 11 2010, 01:40 AM

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around RM82 million gone just like that due to a fraud case committed by someone?? doh.gif
that's amazing!! and any idea what type of fraud are they involved in?
if their clients refuse to pay the payables after getting all the stocks (as they state, the clients isn't return any stock to them and they had delivered the stocks), they can always sue their clients or file a wind-up petition against their clients which is a public listed company in Hong Kong.

sjz
post Mar 14 2010, 12:51 AM

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usually in the case like this they will use the word "allowance for doubtful debts", but different in this case..
perhaps the sum involved is too huge, which is way way way more than the company's share capital + reserve...
after counting in this losses, the company now has negative NTA...
similar case to Oilcorp, Transmile or even Enron?
sjz
post Mar 15 2010, 12:04 AM

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the culprits of Transmile is still "living happily ever" after up to date despite numrous charges being served against them.
on the other hand, noone queried at all about the situation happened in Oilcorp, weird isn't it?
This is Malaysia....
For the Oilcorp culprits, someone should report to SC/media although SC already knew about their case, they just close TWO EYES...

 

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