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Mr. Lee Kim San, the company's Chief Operating Officer (COO), also a director who sold 300,000 shares on July 15, 2025 at RM1.680, totaling RM504,000. Timing: The sale occurred amid the MACC investigation into NationGate’s scrap metal subsidiary raising insider trading concerns. Prolonged legal scrutiny could harm its reputation. MACC’s focus on tax evasion and corruption suggests severe penalties if guilt is established.
For people like us, we should know what kind of risks we are taking. NATGATE seems to have some issues with business ethics, poor accounting practices, transparency and ambitious. There will be more of this sort of incidents in future. Its not going to be a smooth sailing. There are many instances like this e.g. ZETRIX, Lagenda and many more.
There are many level of employees 1 Top Management 2 Middle level Management 3 Skilled workers 4 Administration staffs 5 Generel workers. If you look at their shareholders, they are not born rich. They have been accumulating wealth by any means necessary and thats where they are now.
Employees who work there obviously don't have a slightest clue what is going on in their workplace such as this scrap metal thing. Very often, their management portrays their version of the story and give assurance that the issue is overly exaggerated. But there are few among them think otherwise. These few are the smart ones. These few that the management is very concern. And the management will do all the can to ensure their workers believe in whatever they are told.
Thats why they stay.
