Tuesday 31 May 2016

Mexter: new major shareholder

Interesting development in Mexter Technology, where Lim Yin Chow announced his substantial shareholding of 28%. The share shot up and the company received subsequently an "UMA" (Unusual Market Activity) query.

Lim featured before in this blog in a rather bad way, he was fined and reprimanded by Bursa because he "submitted false qualification as a  degree holder of Bachelor of Medicine and Bachelor of Surgery (MBBS degree) at the University of Hong Kong in 1992 in various announcements and annual reports of companies.".

2 comments:

  1. Sorry Mr Wind. I don't understand.

    Surely Bursa/listed companies (where he was director) must have confirmed with University of Hong Kong his credentials.

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  2. Apparently not. The reason why it was found is, I think, because of a whistle blower who complained to Bursa:

    http://cgmalaysia.blogspot.my/2015/07/fake-degrees-at-listed-companies-3.html#comment-form

    ReplyDelete