Latest news with #RM950
Focus Malaysia
4 days ago
- Business
- Focus Malaysia
e.Sentral: Luxury living without the luxury price tag
IT IS certainly a dream come true for potential home buyers out there to own a residence in the locale that is Kwasa Damansara. The matured location promises good capital appreciation while boasting excellent connectivity to major highways and other points of interest in the capital city. Whether it is for home ownership or investment purposes, a home at Kwasa Damansara will not disappoint. Sadly, anyone looking for a home there will note the astronomical price tag of RM950,000 and above. Home ownership isn't easy nowadays with the rising cost of construction materials and land. That said, award-winning property developer HCK Capital is aware of the affordability issue experienced by most Malaysians and the decisive solution comes in the form of no other than Imagine luxury without the luxury price tag. Residents of get to enjoy a smart home close by to nature with the price tag of merely RM350,000 and above. Each unit blends sleek design with cutting-edge features, including smart home integration for lighting, security, and climate control, all easily managed from your smartphone. The perks don't stop there. Residents further enjoy a range of top-notch amenities and eco-friendly facilities to support a sustainable lifestyle through green building features and energy-efficient systems. Moreover, they bask in the style, comfort, and convenience in one of the most rapidly developing areas in the Klang Valley. This prime location puts them but 5 minutes drive away from 1 Utama, the top shopping mall in Petaling Jaya. Either that or the Star Avenue a stone's throw away, along with Sunway Giza, Tropicana Gardens Mall and many others. Via the GCE, residents enjoy a seamless path into the blooming Cyberjaya and Putrajaya. With rising property prices across Klang Valley, stands out as a rare opportunity to own a quality home in a prestigious neighbourhood without breaking the bank. Why pay more, when you can have the best for less? Discover smart, sustainable, and stylish living at today at: 20, 2025 Main image: HCK Capital
Yahoo
29-05-2025
- Business
- Yahoo
US court approves RM950m forfeiture in alleged stock scam involving five Malaysians; landmark recovery for FBI
KUALA LUMPUR, May 29 — A US court has approved the forfeiture of approximately US$214 million (RM950 million) linked to an alleged 'pump-and-dump' fraud scheme involving seven individuals, including five Malaysians. According to a statement by the US Attorney's Office yesterday, the funds — seized during an investigation led by the Federal Bureau of Investigation (FBI) — will be returned to confirmed victims of the scheme. 'The large forfeiture order of more than $200 million should serve as a warning that federal law enforcement will aggressively pursue fraudulent profits from those who seek to prey upon investors by manipulating the US stock market,' read the statement 'Despite the overwhelming manipulation as alleged in this case, this serves as one of the premier FBI investigations in which the federal government was able to successfully recover victims' hard-earned money before it disappeared into overseas bank accounts,' it added. The alleged fraud, which occurred between November 2024 and February 2025, involved misleading promotions and coordinated trading of shares in China Liberal Education Holdings, causing prices to spike before the defendants allegedly sold off their shares for profit. US authorities said many investors, misled by false claims shared via social media and messaging apps, suffered significant losses when the stock's value later collapsed. The motion to forfeit the funds was granted on Tuesday, by US district judge Jorge L Alonso. The seven accused — five Malaysians, namely Lim Xiang Jie, Ko Sen Chai, King Sung Wong, Siong Wee Vun and Kok Wah Wong, and two Taiwanese nationals — remain at large, with arrest warrants issued. To note, 'pump and dump' scheme involves fraudsters spreading false or misleading information — often online — to inflate a stock's price so they can sell their shares at a profit. Once the price crashes, unsuspecting investors who bought in at the peak are left with significant losses.
Sinar Daily
10-05-2025
- Entertainment
- Sinar Daily
Young sons' initiative leads to touching raya gift for mother
According to the woman, she had never asked for such a gift, but it came from the sincerity of her children's hearts. A 46-second video shared by Khadijah on her TikTok account @ijahahmad90 garnered over 455,000 views and 16,800 likes. SHAH ALAM – A woman from Tumpat, Kelantan, never expected that her two sons would use their duit raya to buy her a gold ring as a gift. The mother, Siti Khadijah Ahmad, 35, said that her sons, Muhammad Danish Irfan Tajuddin, 11, and Muhammad Danish Idlan, 7, expressed their desire to buy her a ring. According to the woman, who is fondly known as Ijah Ahmad, she had never asked for such a gift, but it came from the sincerity of her children's hearts. 'For a long time, my children have liked seeing me wear jewellery and they often ask about the price and the ornaments I have. 'This year, they said, 'Mama, we want to buy gold for Mama.' As a mother, I was deeply touched by their gesture,' she told Sinar on Saturday. Earlier, a 46-second video shared by Khadijah on her TikTok account @ijahahmad90 garnered over 455,000 views and 16,800 likes. Further elaborating, the bakery business owner shared that her two sons chose the ring, worth about RM950, themselves from a gold shop in the same district. 'When I wore the gold ring, my children were so happy and excited to see me wearing their gift,' she said. She added that she had previously bought gold bars as savings for their future and always strived to make them happy by buying toys and other necessities. Now, she said, her children were returning her love in their own special way. Commenting on the issue of faraid (Islamic inheritance law) raised by some netizens, Khadijah emphasised that it was not an issue since the ring was bought using her children's money for their future. 'Moreover, I just wanted to make my children happy and recorded a video when they bought the ring to keep as a memory. I didn't expect it to go viral on TikTok,' she said. More Like This
