Chin said, “after hearing some misleading accusations from certain people, I, at first thought that Datuk Yong Teck Lee was in charge of the management of SAS and had caused the SAS to lose in value, but after surfing the official website of the SAS I found out that Datuk Yong Teck Lee did not hold any position in SAS management, now I wonder who were the real culprits caused the fall of SAS price?
Chin said, even though the CEO of SAS Datuk Hassan Omar had clarified that Datuk Yong Teck Lee never held any position in the Board of Management of SAS still some people persistently trying to blame him on the fall of SAS value.
Chin recalled that back in 1994 when the Saham was launched, the chairman of the SAS Datuk Salleh Tun Said Keruak, while launching the SAS at RM1 per share, assured that the price of the SAS will never fall below the launching price.
Chin was so confident with the assurance of the SAS Chairman that he invested heavily in the Saham. He is now holding 97,500 units of SAS which he bought separately in November 1994, March and July of 1996.
Chin said the SAS price had been increasing until the strike of financial crisis in 1997 when it fell to RM0.20 per unit. After 15 years it stays at RM0.20 to RM 0.30 while the other trust units that suffered the financial crisis had mostly risen back to its original value.
The State government injected a grant of RM 200 million into the SAS but yet to see any impact and this is making investors like Chin and the rest wonder where had the RM200 million gone?
Chin said he considers himself one of the major investors and urge the state government to respond to the call of the people to investigate and reveal the truth as to the real cause on the fall of Saham price as the investors wants to know the story behind it and why the price has not improved ever since.
Chin said he is extremely disappointed with the state government for refusing to give the investors a clear picture on the fall of SAS price. He believes that once SAPP formed government, a “White Paper” will be published, the SAS management to be restructured and the value of SAS will be recovered and improved.
Chin told his friends who are also SAS investors for those who want to give up on SAS can sell their shares to him but they refused because seeing Chin so confident on SAPP forming the new State Government.
UMNO makan rasuah SAS. Kamu orang tunggulah ketulahan anda pada suatu hari nanti.
ReplyDeletetuduh biar berasas...jangan main ikut emosi saja..
Deletebukti perlu disertakan kalau buat tuduhan.
Deletejgn tuduh tanpa bukti, ia fitnah.
DeleteI wonder why it takes so long for such a witness to come out if YTL is truly innocent.
DeleteJika tiada bukti yang kukuh, lebih baik jangan cakap apa-apa.
DeleteTuduhan tanpa bukti adalah fitnah. kenapa juga berhati-hati semasa membuat tuduhan.
DeleteIn 1996, the then Sabah Chief Minister Yong Teck Lee persuaded 55,000 Sabahans to invest in SAS – Saham Amanah Sabah – convincing them that it was a great buy which would multiply its value twice or thrice its original price of one ringgit! Today, SAS has reached the point of no return, dropped from RM1 to below 20 sen, incurring over RM400 million losses! The State Government is not giving up on the Saham Amanah Sabah (SAS) but that any artificial interference on the stocks will not do it good.Whatever you do cannot bring the share price up until the global economy has become better. Iit is going to be difficult unless the world economy recovers.Unless of course we jack it up and do something out of the economic norms . However would not be good.
ReplyDeleteThe question now is to ensure that the management comprised professionals and to make sure there is no unnecessary interference.It was very unfortunate that the counters invested turned out to be sour subsequently because of being highly speculative. The market was robust but now suddenly boom it plunges. So now we must ensure that the fund has to be fundamentally sound and it cannot be speculative.The government should also ensure no similar pain and suffering would be inflicted onto any potential investors of unit trust if any similar scheme should be launched by the State Government in the future.
So YTL is the most suspicious one and now he wanted to sue the government for the SAS downfall? Hilarous~
DeleteAnonymous, ....you are the "hilarous" one .....have you ever heard of the "villain" sueing ? ..obviously YTL is the victim if he dares to sue the government !!!!!
DeleteKamurang cybertrooper BN dibayar untuk sebar fitnah yg sama aja ...memang betul SAS jatuh semasa YTL jadi KM sebab ekonomi krisis berlaku pada 1997, pada masa itu saham seluruh dunia jatuh termasuk SAS ....tapi ,bila ekonomi dunia pulih semula selepas beberapa tahun, semua saham dunia dah naik kembali,..tetapi sayang betul, YTL cuma jadi KM dari 1996 sehingga 1998, jadi dia tidak ada kuasa lagi .....SAS dibawah kerajaan BN sejak ianya jatuh pada 1997 tidak pernah naik2 lagi, kenapa ? ....sedangkan saham lain di seluruh dunia dah naik ? ....kenapa ? ...BN sengaja tidak ambil peduli atau BN memang betul2 bodoh tidak pandai urus ?
Delete?
Tidak apa sekurangnya tidak merugikan sangat seperti apa yang berlaku dengan pentadbiran Datuk Yong Dulu yang menyebabkan kerugian besar kepada pemilik saham. Semasa itu Yong menjadi Ketua Menteri dan menguruskan SAS dan menyebabkan kerugian besar kepada pemilik. Itulah sejarah hitam untuk SAS
ReplyDeleteSAS rugi teruk semasa Yong jadi KM.
DeleteDia menjadi penyebab terbesar atas kejatuhan SAS yang teruk.
DeleteSemua tahu, semasa YTL jadi KM, beliau yang menyebabkan kejatuhan SAS.
DeletePentadbiran di era YTL telah memberikan imej yang buruk terhadap SAS.
DeleteYTL harus bertanggung jawab kepada SAS.
DeleteSAS sekarang ini tidak seteruk dulukan SANIH ALIAS. Tidak naik yang penting tidak rugi.
ReplyDeleteSAS sampai sekarang masih sama teruk dengan masa ia jatuh pada masa ekonomi krisis 1997 ....KENAPA ? ...BN sengaja tidak ambil peduli demi kepentingan sendiri atau memang betul2 bodoh ?
DeleteMula menafikan yang mana ada pihak cuba untuk menutup kesalahan YTL. Memang kalau sudah rugi itu pasti tidak mengaku bersalah. Tapi cuba kalau untung besar pasti mengaku diri sendiri yang buat.
ReplyDeleteWhen it catches a big fish then Mr Yong would say, he was the one who doing it well in fact, it is not like that.
DeleteApa pun kita perlu bijak melihat sendiri apa yang dibuat oleh kerajaan. SAS ini mungkin tidak seberapa tapi sekurangnya kerajaan cuba memastikan pemilik saham tidak akan kerugian besar dan menanggung rugi.
ReplyDeleteya lah...kalau kerajaan tidak peduli, masakan 200juta itu disuntik dalam SAS..
DeleteIf you don't believe in SAS then invest in other investment companies la.
Deletemasing2 pun ada pandangan sendiri. apa pun harap pekara ini tidak dipolitikkan.
DeleteBetul, perkara ini tidak perlu di politik kn.. terpulang kepada pendapat masing-masing.
DeleteAeron, ...kenapa selepas RM 200 disuntik ke SAS , nilai SAS masih tidak naik juga ? ....bererti BN gunakan cara salah , tidak pandai !!!!!! ....atau macam semua projek BN, untuk keuntungan kroni aja .....tukar BN, kita bongkar semua ini ....kenapa RM 200 juta tidak dapat bantu SAS ??????????
DeleteKErajaan tahu apa yang terbaik. Tambahan lagi dengan ekonomi yang tidak stabil sekarang SAS tidak mahu memberikan risiko yang tinggi kepada pelabur. Maka pengawalan dibuat dengan kadar yang ditetapkan. cadangan yang baik bagus melabur di ASB.
ReplyDeleteya lah..kalau tidak puas hati, jual saham dan melabur di tempat lain..
DeleteSAPP tiada peluang untuk membentuk kerajaan negeri selepas pru13..
ReplyDeleteSudah dibuktikan SAPP tidak lagi diterima pada pilihan raya Batu Sapi.
DeleteDulu memang tidak hairan boleh jadi pemerintah tapi dengan berjuang sendiri tanpa ada kerjasama dari parti lain, memang mustahil.
DeleteLebih baik SAPP jangan bertanding, hilang deposit saja nanti.
DeleteRakyat kecewa dengan YTL. Payah untuk memberi sokongan lagi.
Deletekerana pembangkang di sabah masing2 mahu jadi hero dan siok sendiri...undi pembangkang akan pecah dan jika keadaan ini berlaku pada pru13, mana mungkin SAPP akan mendapat majoriti 2/3..
ReplyDeleteSAPP masih cuba menutup bangkai gajah dengan daun keladi.
Deleteberapa banyak parti baru yang muncul di Sabah dalam tahun ni??pemimpin yang keluar parti pun masing2 mau tubuhkan parti sendiri.
Deletebanyak betul parti pembangkang di Sabah dan mereka saling tidak bersatu.
Deleteparti yang semakin banyak akan memecahkan undian sahaja.
DeleteSAPP boleh terus bermimpilah untuk jadi kerajaan negeri..
ReplyDeleteTak mungkin sejak apa yang berlaku semasa mereka memerintah di Sabah. Rakyat sudah hilang keyakinan terhadap mereka.
Deletemacam mana sapp mau menang kalau di Bt Sapi pun kalah.
DeleteKalau mahu tahu hal sebenar tentang SAS ..bagus kita panggil semua yg berkenaan face to face dihadapan semua rakyat sabah .Adakan satu debat atau forum tentang SAS .?
ReplyDeleteWe all know the truth, only certain people still refuse to admit they are wrong.
Deleteisu ini sudah dibincangkan secara panjang lebar di dewan rakyat.. hasil dari perbincangan itu membuktikan YTL adalah punca utama kejatuhan SAS..
DeleteDebat mahu pun forum tidak akan selesaikan pertikaian tentang SAS ini kerana mereka hanya akan didorong dengan emosi.
DeleteNo thanks to Yong Teck Lee.
ReplyDeletesebuat pasal SAS mesti ingat YTL.
ReplyDeletemacam mana sekalipun pemimpin2 SAS mahu mengalihkan isu SAS kepada BN, isu ini tetap sinonim dengan YTL.. rakyat Sabah tidak akan lupa..
Deleterasanya orang tidak berminat lagi dengan sapp sebab tu YTL kalah di Batu Sapi.
ReplyDeletedan sebab itu YTL sibuk memutarbelitkan isu yang telah menjatuhkan beliau di Batu sapi untuk membersihkan imej mereka..
DeleteApa pun YTL cakap, rakyat tetap tidak akan percaya dengan beliau.
DeleteBatu Sapi adalah bukti yang baik kegagalan SAPP menambat hati.
Delete"Being one of the 55,000 investors of Saham Amanah Sabah, Mr Chin Chow Chew of Tawau questioned the BN state government why is it that 15 years after the Asian Financial Crisis of 1997, while most of the other trust funds in Peninsular had risen, the price of Saham Amanah Sabah still remain unchanged."
ReplyDeleteyou should questioned Yong Teck Lee who make you lost not the one who trying to correct the problem..
nampaknya SAPP cuba menggunakan isu ini semula untuk membersihkan imej mereka.. Sapp cuba menanamkan diminda rakyat berkenaan dengan kegagalan BN menaikkan nilai SAS sedangkan merekalah yang bertanggungjawab menjatuhkan nilai itu..
ReplyDeleteSAPP akan sengaja mengungkit semula SAS untuk menarik perhatian rakyat.
DeleteState Resource Development and Information Technology Minister, Datuk Dr Yee Moh Chai, said Sabah Progressive Party President Datuk Yong Teck Lee should not twist the facts on the Warisan Harta Sabah-North Borneo Timber Corporation share issue
ReplyDeleteYee told Yong, a former Chief Minister, to stop dilly dallying and tell the public, particularly (SAS) investors, the truth behind the SAS issue
ReplyDeleteDon't hide behind the excuse of a White Paper or this and that would take too long. Tell us now, we are waiting if he doesn't know then say so and let the people decide whether what he says is believable
DeleteYee had lodged reports with the then Anti Corruption Agency on the case in 1997 and 1998 and it was also already litigated from 1998 to 2003 in the defamation suit of Datuk Yong Teck Lee vs Dr Yee Moh Chai (High Court in Sabah and Sarawak case K 23-01 of 1998).
ReplyDeleteits not Datuk Hassan Omar lah......where did you get the info from? The name not even correct!
ReplyDeleteWhite Paper is a simply act of sincerity..why not approve it..so everything is just open, transparent for the people to see who is and who is not, sadly the Umno led BN don't want it, why??? Who are they protecting??
ReplyDeleteThis is really ridiculous!! What is really happening with the RM200 million injection to help increase the value of SAS?? Have they pocketed the money?. This has to be investigated too...these people are a bunch of idiots managing our hard earned money only to find ourselves poorer and frustrated with the way they handle our investment. We want transparency, justice and fairness with immediate action!!!
ReplyDelete