Serba was also very confident back then, telling retailers there was no accounting fraud and that they had billions worth of contracts. In the end, look what happened.

Now TS says getting listed through a Nasdaq SPAC is easy? Come on lah. Nasdaq is not Bursa. American investors, lawyers, auditors and regulators will dig into everything.

Americans are not going to blindly buy a Malaysian company just because it has “billions in contracts” and a Nasdaq story.