WHO IS REPCO LOW ???

Some investors may be askingh, "Who is Repco Low?"

 

Here is the article we took from thestar,

 

Repco Low, as Low Thiam Hock, is better known in the stock market circle, got his nickname as a director of the company, Repco Holdings Bhd, a high-flying stock in the 1996 Second Board bull run. 

Repco share flew to a high of RM140.50 in Sept 1997. It was at that time a Sabah-based gaming company.  

The share price later dropped to RM2.98 in August 1998 before the stock was suspended from trading on Bursa Malaysia in Oct 2000. The counter was de-listed on Aug 11, 2003.  

The company was placed under the management of the Special Administrator of Pengurusan Danaharta Nasional Bhd, after it defaulted on debts of RM604mil in 1999. 

In the last half dozen years, a number of speculative stocks that surged were often linked to Repco Low by punters although whether that was true or a market myth, it was never known.  

Repco the company was linked to several controversial corporate cases.  

Several years ago, Sime Bank's chief executive officer Datuk Ismail Zakaria was charged with exceeding his authority for giving a RM175mil loan to Everise Capital Sdn Bhd, a subsidiary of Repco, to buy shares.  

Last year, Refco Inc, the largest independent US futures broker, collapsed and an internal probe found that it was owed millions by Repco since the mid 1990s.