Tag: Securities Commission Malaysia
Massive Financial Fraud Unearthed Involving YNH Property Bhd, Rapid Synergy Bhd,...
A recent whistleblower report submitted to the Securities Commission Malaysia (SCM) has unveiled a series of fraudulent activities involving YNH Property Bhd, Rapid Synergy Bhd, and Triple-H Autoparts Sdn Bhd. The report alleges that these companies, controlled by the same group of connected individuals, have been involved in dubious activities that systematically utilized assets owned by both YNH and RSB, amounting to over RM 300 million without appropriate disclosures or reporting.
Security Commission Malaysia Opens Active File to Investigate Rapid Synergy Berhad’s...
Securities Commission Malaysia has initiated an investigation into Rapid Synergy Berhad's YU Syndicate for potential breaches of the Capital Markets and Services Act 2007 and Rules on Take-overs, Mergers, and Compulsory Acquisitions, aiming to protect minority shareholders and the company's assets.
Rapid Synergy Director Accused of Fraudulent Misrepresentation
Allegations of fraudulent misrepresentation against Rapid Synergy Bhd's Yu Kuan Chon and Yu Kuan Huat raise concerns over compliance with regulations protecting minority shareholders and fair trading practices in Malaysia.
