/file/attachments/orphans/Untitled-1_135790.jpg "Big Tech Thumbs Nose at Regulators, Scrapping Payday for Mustek Deal!")
CORPORATE WAR ERUPTS AS NOVUS DEFIES REGULATOR IN DIRTY DEALS SCANDAL
A corporate giant is REFUSING TO PAY UP after being caught red-handed in what regulators call a “covert” scheme to CHEAT minority shareholders. Novus Holdings is launching a full-scale legal war against the Takeover Regulation Panel (TRP) after a bombshell ruling ordered them to pay millions more.
The regulator dropped a BLOCKBUSTER report, detailing a secret alliance between Novus, a boutique broker, and a family trust. They weren’t independent—they were “concert parties” working as a SINGLE UNIT to manipulate the deal. The smoking gun? A Novus “strategic controller” was found working INSIDE the broker’s offices, and evidence shows the broker began stockpiling shares 44 days BEFORE they were even hired.
The CEO is now crying foul, claiming the appeal system is BROKEN because the minister hasn’t appointed staff. But this isn’t just a technicality—it’s a desperate gambit to avoid paying the price.
Why? Because they got BUSTED. The regulator discovered “stealth accumulation” using complex instruments called CFDs. Publicly, Novus called them simple bets. INTERNALLY, board minutes called them “shares” and “23% of the equity.” This is a textbook case of saying one thing to the market and another in the boardroom.
The final nail was a hedge fund—now deemed part of their secret group—buying shares at a higher price. The rule is clear: if your partners pay more, YOU PAY MORE FOR EVERYONE. Novus must now pay an 18.5% PREMIUM because they played the game and LOST.
This is about MORE than one deal. Novus is abandoning its dying printing business to build a digital education EMPIRE. They own the textbook publisher. Mustek owns the laptops and tablets. Together, they could lock down the entire government supply chain from content to hardware. This fight is about who controls that future—and how far a company will go to get it.
While Novus’s CEO attacks the system, Mustek’s boss is washing his hands, claiming his company did nothing “untoward.” The silence from the corridors of power is DEAFENING.
A broken committee might force this battle to the high court, leaving shareholders trapped. One thing is certain: the rules were broken, and a corporation is throwing a tantrum rather than face the consequences.
This is what a rigged system looks like when the curtain is pulled back.
Edited for Kayitsi.com
Author: Kayitsi.com
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