Vascory Berhad's Winding Up
Vascory Berhad wound-up by a shareholder, Dr. Ng Swee Choon, who is not even registered in the SSM shareholder register. Is This even legal?
- Knight Capital (Tan Sri Rashpal) suddenly appeared as an intervener in the winding-up petition and even SUPPORTING it despite acknowledging in the court that it (Knight Capital) had lent more than RM11mil to Vascory Berhad
- In a winding-up scenario, all RPS holders will become priority over unsecured creditors like Knight Capital. So what is the game being played by Tan Sri Rashpal? Want to ensure the winding-up happens so that no dirt of how much he had siphoned from Vascory Berhad comes to light?
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