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- Aug 10, 2008
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These two CCB Hylam kias Han & Loh formerly worked in UOB Kayhian are con artistes responsible for 60%-70% of those China chips listed in SGX in the 90's & early 2000 and all of their China listed companies went to zero in value.
Their ill-gotten profits amounted to about $600m to $700m and when the China chips market bubble burst, they turned to become casino-whales; each trip they would play up to USD12m.
MGM, Wynn & LVS assigned two private jets for their usage and after 3-4 years they lost all their ill-gotten wealth and they took about 3 years to clear their outstanding debts and thereafter they came into the slaves trades.
Reason they were not punished for cheating hundreds of thousands of small S'porean investors in the China chips fiasco was because of their PAP connection.
If you think that's bad wait till we find out how much money has been flushed down the China toilet by Ho Ching.
GIC-backed Luckin Coffee was a sneak preview.