Tag: RAPID SYNERGY
Yu Syndicate swindled RM800 million from Rapid Synergy BHD in land scams
The Yu Syndicate, controlled by YU KUAN CHON and YU KUAN HUAT, swindled RM800 million from Rapid Synergy in land scams. Using puppet companies like YNH Property BHD and Rapid Synergy BHD, they accessed funds for fraudulent business operations.
FALSE TRADING ACTIVITY AND MANIPULATION OF YNH PROPERTY BHD SHARES
Bursa Malaysia has sanctioned and fined three Malaysian market makers for creating false trading activities and misleading investors in YNH PROPERTY BHD and RAPID SYNERGY BHD. The YU Syndicate, controlling a large stake in both companies, is allegedly manipulating the market for favorable lending terms.
