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Ah, i guess to make profit, they need cheap scrap metals for metal frames to hold the chips to maintain margin. Jensen, you use illegal scrap metal kah? LoL, i hope i am wrong. Ha Ha Anyway, it is yesterday news, market only today know.
The MACC’s operation, dubbed Op Metal, is being carried out by its Special Operations Division through the Multi-Agency Task Force, comprising the Royal Malaysian Customs Department, Inland Revenue Board, and Bank Negara Malaysia. NationGate said its board of directors takes the allegations seriously and has taken proactive steps to fully cooperate with the MACC, while safeguarding the integrity of the investigation. “The board assures stakeholders that it will do its utmost to ensure business operations remain unaffected, and appropriate interim measures have been put in place,” the company said in its statement today.
--This raids is not normal raid... is a multi agency task forces raid... not play play... so if approprite and new interim measures put in place ... so... .... mean not denied lor .. institution short sellers will bet big on this one.