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 ACE HOLDINGS / ACE CREDIT (M) INVESTMENT

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Zero Correlation
post Dec 2 2022, 05:21 PM

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How come no one is talking about this news?

https://www.theedgemarkets.com/article/busi...each-agreements

Maybe all those vested should start a class action suit
Zero Correlation
post Dec 6 2022, 11:52 AM

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QUOTE(afro111 @ Dec 2 2022, 06:56 PM)
Sc has also approached me out of nowhere. It seems they are eager to build a case against ace.

They seem to imply that I have a very valid reason to lodge a report against ace.

But bear in mind sc can’t really help retrieving whatever money that you have invested, it’s up to you. All they can do is penalize and suspend ace.

But with SC keeping a close eye on ACE as of late, I may have a very solid evidence to take legal action if things go south next year.
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Interesting, maybe SC is trying to build a case from multiple angle against ACE

https://www.theedgemarkets.com/article/apex...onal-conditions
Zero Correlation
post Dec 6 2022, 11:54 AM

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QUOTE(xander2k8 @ Dec 2 2022, 07:40 PM)
Yes they need valid reason from shareholders in order to issue suspension notice on Bursa for good
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ACE is not listed on Bursa so Bursa can't take any action on them. The RCULS issued by ACE is regulated by SC and therefore in the past they have mandated for ACE to revise the prospectus or disclosure document

ACE however is a substantial shareholder of APEX Equity Holdings Berhad which is a listed company, there has been some civil suit by SC against ACE and APEX
Zero Correlation
post Jan 17 2023, 12:34 PM

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QUOTE(afro111 @ Jan 17 2023, 08:55 AM)
Ace Group has removed Ace credit and bunch of others from its website.

https://www.acegroup.com.my/

This doesn't sound good at all.

before:
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after:
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rclxub.gif

The list of people under key management has also shrunk significantly. I remember at one point they had a lot of ex-SC working for them. Wonder what happened. Could they have sold or liquidated Ace credit?

 

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