Back in 2009....Ingenious Haus has an Ingenious idea for a fund with V Telecoms..

12th of December 2009, Kiat Wai Du aka William Du is center stage at the launch of his Ingenious Growth Fund. The fund is invested in the telecommunications sector and the body of the fund is none other than V Telecoms Berhad...the stage is set and the deal is done....

See the chap circled in yellow in the pictures above, that's none other than Mr Zulizman Zainal Abidin, remember he is the Malaysian business man from the Financial Times article.

 "Aries is owned by a holding company controlled by Zulizman Zainal Abidin, a Malaysian businessman."

and here's a snippet again from the Aries Telecoms PLC Schedule 1 from the LSE,

"Vertu Capital Limited is a company wholly owned by Open Fibre Sdn Berhad ("Open Fibre") (91 per cent. interest) and Paneagle Holdings Berhad ("Paneagle") (9 per cent. interest) which are controlled by Zulizman Zainal Abidin. Open Fibre has issued convertible preference shares to a number of individuals and institutions which are clients of a regulated financial services firm in Malaysia (the "Preference Shares"). In the event that all of the Preference Shares are converted after admission, it would result in Zulizman Zainal Abidin holding a beneficial interest in Aries of TBC per cent., assuming no further issues of equity in either of Aries, Open Fibre or Paneagle following admission."

So, 6 months after the launch of the Ingenious Growth Fund and William Du joins V Telecoms as a non-executive director and according to his LinkedIn bio he's still a director......I wonder if William knows its been changed to Aries Telecoms ?

A proud day....the Vasseti IPO in Frankfurt....on the left William Du pictured with Tan Sri Syed Mohd Yusof bin Tun Syed Nasir the Malaysian Billionaire, remember he bought a whopping 30% stake in Vasseti Zavarco, no wonder Mr Du is smiling...........

Fast forward to the 20th of April 2012 and William Du holds a presentation on "Private Equity Demystified" his presentation shows his current Funds under his management during 2012.

We are hoping to reach out to Mr Du and the questions are simple....
 
Mr Du,

What became of your Ingenious Growth Fund with V Telecoms ?

Did you and your investors get completely defrauded like the rest of us shareholders ?

The final countdown to the Zavarco PLC GM ........

Mark your calendar only 10 days to go......or is it ??? 

Let's roll back the years again to 2009...Ingenious are being Ingenious.....

21st of June 2009, and if you had a spare RM50.00 and were caught in the middle of the 2009 "economic storm" without your umbrella, then these guys at the Entrepreneurs and Investor Exchange had setup a breakfast meeting and selected speakers to show you those well needed survival techniques to get through that storm.....with just a tooth pick and your last RM1,000,000.......

The host of the event is MIRC Ingenious Capital Partners and first up on the stage is none other than managing partner, William Du.....for a few warm up words then followed by a social media guru and a current market condition god......and finally the big event at 9:55am Shailen Gajera aka Shailen Popatlal, Vice President of V Telecoms Berhad takes center stage........to tell you how he is redefining telecommunications.

So there we have an interesting link up from the good old days......more to follow...

Roslina Binti Ibrahim CFO/Executive Director to Aries Telecoms PLC....hold on a minute that's not all she's been a director of.....Part 3

So, according to Roslina's bio from the Aries Telecoms PLC website. She joined VCB Capital Malaysia during 2007. Here are her license details and because she works in a regulated part of the financial industry she is well versed in what is right and wrong.....ergo, "Roslina you should definitely know better......"

Below, is a screenshot from the VCB Capital website showing Roslina as CEO of VCB Capital Malaysia....

 

We should take care to note that, VCB Capital plays a particularly significant part in raising funds from private investors for V Telecoms-Vasseti during 2009 and 2010. Now, this is all clearly done under the watchful eye of Roslina the CEO of VCB Capital and don't forget Roslina goes on to become a director at V Telecoms Berhad during October 2013 and then steps onto the board of directors at Vasseti Zavarco PLC during November 2013, but in her Aries Telecoms PLC bio she conveniently neglects to mention any of this.....

Also mentioned on the VCB Capital website is Shailen Gajera aka Shailen Popatlal. Shailen was the chief technical officer for Paneagle Holdings and if you go back and check the 2012 UK companies house annual return for Vasseti Zavarco PLC, Paneagle Holdings is also reported to have been a majority shareholder in Vasseti Zavarco PLC. OK, as long as you don't suffer from dementia then you will have quickly realized that Paneagle Holdings also has a mentioned interest in the LSE schedule 1 announcement for Aries Telecoms PLC.

Moving on so keep up, if we dig a little deeper we find that during 2009 and 2010, VCB Capital has a couple of other partners to actively help raise funds from outside investors for V Telecoms-Vasseti. They were the Ingenious Haus Group and SJ Securities Berhad. How do we know this ? well,  Kiat Wai Du aka William Du the founder of the Ingenious Haus Group in Malaysia launches the Ingenious Growth Fund at the tail end of 2009 and you can read all about it here.

 Here's his "executive overview" bit......

 

"The purpose of this Executive Overview is to provide an insight of Ingenious Growth Berhad (the “Fund”), Ingenious Haus Sdn Bhd (the “Manager”) and V Telecoms Berhad (“V Telecoms”). The Fund is a special purpose private equity fund formed in July 2009 to raise capital of RM50 million to provide equity financing to V Telecoms. The Fund is a registered venture capital corporation under the authority of Securities Commission of Malaysia. Our Fund’s primary objective is to invest in V Telecoms, a high growth telecommunication company with the objective of achieving consistent returns and long-term capital gains for its investors" 

and it goes on to talk about how rich it can make you if you decide to invest.....fast forward 5 years and WTF HAPPENED WILLIAM ???

Mr Du, also goes on to do a launch night and a "show me the money" opening speech for the fund which you can read here, during the speech you will read he also thanks his partner VCB Capital.

William Du was also head of Investor relations for Vasseti Zavarco PLC, he is also a non-executive director for the London Stock Exchange listed company RapidCloud International PLC and just recently we learned he is also a director of the newly listed London Stock Exchange company Vertu Capital Ltd.