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154,425 comment(s). Last comment by DreamGuardian at Oct 27, 2020 5:34 PM
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Ywchew8255
122 posts

Posted by Ywchew8255 > Jan 23, 2019 6:44 PM | Report Abuse

U say sumatec mati, why ada bodoh beli half cents


Trouble Huat
1153 posts

Posted by Trouble Huat > Jan 23, 2019 6:51 PM | Report Abuse

They try to attract buyer at 0.005 and dump it once the queue is sufficient to absorb the selldown. Fake illusion


zenbeginner
312 posts

Posted by zenbeginner > Jan 23, 2019 6:54 PM | Report Abuse

~~~~~~~~~
Heng Chai They try to attract buyer at 0.005 and dump it once the queue is sufficient to absorb the selldown. Fake illusion

To achieve the objective of ???


AiOne Corner
203 posts

Posted by AiOne Corner > Jan 23, 2019 9:43 PM | Report Abuse

Anyway, Sumatec is established since 1979 .. With many up and down...

So, I believe the Board of Directors will strive hard to maintain this O&G Company n stay reliable no matter what ...

Lets pray for everyone ... HARAPAN masih ada .. :)


limkokthye
4021 posts

Posted by limkokthye > Jan 23, 2019 10:58 PM | Report Abuse

tun m will save sumatec


pang72
38594 posts

Posted by pang72 > Jan 23, 2019 11:02 PM | Report Abuse

Tan Sri 1 cent sold off 62mils shares.
Apa ini la??

60cent dont want sell but sell at 1cents!!


pang72
38594 posts

Posted by pang72 > Jan 23, 2019 11:04 PM | Report Abuse

62mils shares at 1 cents = 620,000
62mils shares at 60cents = 37,000,000

Tan Sri LPPL!!


Nicholasming91
3559 posts

Posted by Nicholasming91 > Jan 23, 2019 11:13 PM | Report Abuse

Knn 0 revenue, 444k cash only


Orson Chin
1495 posts

Posted by Orson Chin > Jan 24, 2019 2:01 AM | Report Abuse

Who buy halim share ? Who? Who eat so much from him ?


moneypedia
6015 posts

Posted by moneypedia > Jan 24, 2019 8:35 AM | Report Abuse

kontolidate tu bila tu nak implement tu agak2...


mukhriz02023
1190 posts

Posted by mukhriz02023 > Jan 24, 2019 8:39 AM | Report Abuse

Buy2. Limit up today


mukhriz02023
1190 posts

Posted by mukhriz02023 > Jan 24, 2019 8:40 AM | Report Abuse

Maybe tommorow as well


Ywchew8255
122 posts

Posted by Ywchew8255 > Jan 24, 2019 9:52 AM | Report Abuse

Waitng delisted


deMusangking
4125 posts

Posted by deMusangking > Jan 24, 2019 9:54 AM | Report Abuse

aiyoh!!!!!!! really stressful for those here!!!


Ywchew8255
122 posts

Posted by Ywchew8255 > Jan 24, 2019 10:14 AM | Report Abuse

Hs ialah penipu kuat


zenbeginner
312 posts

Posted by zenbeginner > Jan 24, 2019 10:23 AM | Report Abuse

Either the figures are still kept hidden or in reality, really an empty shell company....


zenbeginner
312 posts

Posted by zenbeginner > Jan 24, 2019 10:36 AM | Report Abuse

pls visit sumatec office
SUMATEC RESOURCES BERHAD (428355-D)
43-3, The Boulevard,
Mid Valley City, Lingkaran Syed Putra,
59200 Kuala Lumpur
Willayah Persekutuan
Malaysia


Ywchew8255
122 posts

Posted by Ywchew8255 > Jan 24, 2019 10:40 AM | Report Abuse

Visit office , hahaha, no entry


afifi
1994 posts

Posted by afifi > Jan 24, 2019 11:02 AM | Report Abuse

mati...hantu cari...
or. jadi hantu lepas mati . he heee


tlbeng
905 posts

Posted by tlbeng > Jan 24, 2019 1:06 PM | Report Abuse

lol wind up then no need to resign liao
Halim maybe need money to buy UEMS hahaha, his old lover


jonnysoo1
23 posts

Posted by jonnysoo1 > Jan 24, 2019 1:11 PM | Report Abuse

who dare to gamble ?


moneypedia
6015 posts

Posted by moneypedia > Jan 24, 2019 1:16 PM | Report Abuse

either 2 laaa kontolidation or worse delist laaa here


derrickinvestor
7806 posts

Posted by derrickinvestor > Jan 24, 2019 1:23 PM | Report Abuse

Blacklist this tshs


Ywchew8255
122 posts

Posted by Ywchew8255 > Jan 24, 2019 1:26 PM | Report Abuse

Good bye titatinic


monorail
35 posts

Posted by monorail > Jan 24, 2019 1:40 PM | Report Abuse

What will Sumatec pay:
10M USD Signature Bonus
85M USD Historical Costs
40M USD Performance Guarantee to be offset against Royalty @ USD5/BBL

Sumatec paid already to THS or not?


zenbeginner
312 posts

Posted by zenbeginner > Jan 24, 2019 3:36 PM | Report Abuse

Darn, so much negativity....
Anyway, what is interesting is who are buying and why buy all these shares from HS since this is a sinking ship? that mean there are some people willing to risk hundred thousands in total to gamble on this? guess even increase of 0.005 cents there is 50% gain.....haha...


Ywchew8255
122 posts

Posted by Ywchew8255 > Jan 24, 2019 3:50 PM | Report Abuse

Who will be md of sumatec future


Ywchew8255
122 posts

Posted by Ywchew8255 > Jan 24, 2019 4:04 PM | Report Abuse

Can handle job?


kenie
761 posts

Posted by kenie > Jan 24, 2019 4:15 PM | Report Abuse

Sumatec lodges police report against former director
KAZAKHSTAN / 22 NOV 2018
PETALING JAYA: Sumatec Resources Bhd has lodged a police report against one of its former directors for possible breach of trust and committing offences under the Company Act 2016 by conducting certain transactions without the approval of the board of directors .
The group told the stock exchange that Independent Director and Chairman of the Audit Committee of the Board, Datuk Khalid Ahmad had on November 20 lodged the report with the Commercial Crime Department.
The decision to lodge the police report was made in accordance with the advice and order of the Board of Directors with the recommendation from the managing director to safeguard the interests of the company, the shareholders, other stakeholders and the public.
The director who was a board member of the company from 2003 to 2017 was also a director and shareholder of Tekad Mulia Sdn Bhd during the period in which the alleged act being committed.
“The director, in acting without board authority, was acting in conflict of interest in relation to the transactions involving the divestment of Semua International Sdn Bhd (SISB) and Collateralized Loan Obligation (CLO) Debt settlement (since he was also a Director and shareholder of Tekad Mulia Sdn Bhd), a substantial shareholder of the Company during the period in which the alleged act being committed. The Director has made certain undertaking to the Purchaser and Trustee, Malaysian Trustee Bhd and Bondholders in the Settlement Agreement 2013,” said Sumatec board of directors in the filing.
Checks with Companies Commission of Malaysia (SSM’s) records list former director Chan Yok Peng as a director and shareholder in Tekad Mulia.
The former director also allegedly placed the company’s seal on an agreement without the resolution of the board for a settlement agreement for a CLO Debt for the company’s previous subsidiary SISB. This resulted in Sumatec acknowledging the undertaking to settle around RM80 million, even though the liability has been waived.
He was also found to have been allegedly negligent in handling his duties in relation to the financing of vessels under the Company’s subsidiaries, SISB and Semado Shipping Sdn Bhd, by failing to ensure the takeover of the Sumatec’s guarantees to Bank Pembangunan Malaysia Bhd and Malayan Banking Bhd to Hoe Leong Corp Ltd , a company incorporated and listed on the Singapore Stock Exchange.
As well as failed to procure the guarantee and to replace the company’s guarantee from the controlling shareholder of SISB, Hoe Leong Corporation Bhd as stipulated in the Settlement Agreement 2013 and the company’s Circular to Shareholders dated May 30 2013, which has caused the company to be summoned and face winding-up proceeding for liabilities estimated at about RM350 million.
The director had allegedly acted alone and without the permission of the board of directors in signing the Parental Company Guarantee Agreement” dated May 2, 2016 to the Continental Industrial Supply And Services Limited Liability Company Partnership (CISS.)
This was to secure the payment of the Kazakhstan based oil and gas company, CaspiOil Gas LLP (COG) contract, which resulted in the company paying for arbitration proceedings of about US$6 million.


kenie
761 posts

Posted by kenie > Jan 24, 2019 4:15 PM | Report Abuse

12 Dec 2018 HALIM BIN SAAD Disposed 25,000,000
6 Aug 2018 SUMATEC HALIM BIN SAAD Disposed 66,000,000
29 Jan 2018 SUMATEC HALIM BIN SAAD Disposed 127,000,000
18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 14,200,000
18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 9,570,000
13 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 6,076,200
12 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 3,000,000
11 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 25,500,000
7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 10,000,000
7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 22,500,000
9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 6,000,000
9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 8,000,000
6 Dec 2016 SUMATEC HALIM BIN SAAD Disposed 19,000,000
6 Dec 2016 SUMATEC CHAN YOK PENG Disposed 36,799,000
2 Dec 2016 SUMATEC HALIM BIN SAAD Disposed 77,731,000
20 Jul 2016 SUMATEC HALIM BIN SAAD Disposed 46,000,000


kenie
761 posts

Posted by kenie > Jan 24, 2019 4:18 PM | Report Abuse

24 Jan 2019 HALIM BIN SAAD (197,298,800 units Disposed)
23 Jan 2019 HALIM BIN SAAD (62,748,000 units Disposed)
21 Dec 2018 HALIM BIN SAAD (54,390,000 units Disposed)


kenie
761 posts

Posted by kenie > Jan 24, 2019 4:18 PM | Report Abuse

SUMATEC halim saad Disposed 197,298,800shares
halim saad selling....want ...


kenie
761 posts

Posted by kenie > Jan 24, 2019 4:18 PM | Report Abuse

Halim Saad ceases to be substantial shareholder in Sumatec
KUALA LUMPUR (Jan 24): Businessman Tan Sri Halim Saad has ceased to be a substantial shareholder of Sumatec Resources Bhd, after disposing of 197.3 million shares in the Practice Note 17 company for RM1.1 million.
Sumatec's filing with Bursa Malaysia today showed that Halim sold the block of shares via the open market on Jan 22. This leaves Halim with a 3.168% stake in the group following the disposal.
Halim, once Sumatec's largest shareholder, has been paring down his stake in the group since last year.
For the cumulative nine months ended Sept 30, 2018 (9MFY18), Sumatec posted a net loss of RM1.91 million compared with a net profit of RM1.88 million a year ago. Revenue fell 75.5% to RM2.99 million from RM12.19 million in 9MFY17.
On April 30, 2018, Sumatec announced that its external auditors Messrs Grant Thornton Malaysia had expressed a disclaimer of opinion on the group's audited financial statements for the financial year ended Dec 31, 2017 (FY17).
The auditors were unable to obtain sufficient appropriate audit evidence on the appropriateness of its going concern assumption.
Grant Thornton had highlighted that the group and the company had incurred a net loss of RM113.95 million and RM171.06 million respectively in FY17. The group and the company also recorded negative cash flows of RM15.33 million and RM9.86 million respectively on operating activities for FY17.
Sumatec shares ended the morning session down 0.5 sen or 50% to 0.5 sen today, with 1.86 million shares done, bringing a market capitalisation of RM21.26 million.


zenbeginner
312 posts

Posted by zenbeginner > Jan 24, 2019 4:25 PM | Report Abuse

Delisting?


jasontan1177
1506 posts

Posted by jasontan1177 > Jan 24, 2019 5:00 PM | Report Abuse

buy1sell2 your TP 20 cent still intact ?


zenbeginner
312 posts

Posted by zenbeginner > Jan 24, 2019 5:05 PM | Report Abuse

Can anyone advise what other possible outcomes are now, other than delisting and a white knight saving this company?


Darth
7485 posts

Posted by Darth > Jan 24, 2019 5:05 PM | Report Abuse

About time Bursa Malaysia gets ironed Out! Enough of Stupid 2nd Liners and Ace Market counters being listed!
No need new Counters in the name of small caps to be listed!
Till today non really made it.
All got listed to con Retailers.
Bursa Malaysia Walk free!


Darth
7485 posts

Posted by Darth > Jan 24, 2019 5:09 PM | Report Abuse

Bursa Malaysia is the Main culprit.
Already know Halim is not doing anything at the back.
Didn't Bursa know that there wasn't any oil being digged?
So why was the 12 months extension?


Darth
7485 posts

Posted by Darth > Jan 24, 2019 5:13 PM | Report Abuse

Many hanky panky things are happening inside Bursa Malaysia where companies using loop holes reaping Retailers off.
Bursa Malaysia insiders are all involved for so many years.
About time MACC to investigate!


SirLockCro
83 posts

Posted by SirLockCro > Jan 24, 2019 5:51 PM | Report Abuse

Sumatetec still intact, babeh...


Darth
7485 posts

Posted by Darth > Jan 24, 2019 6:11 PM | Report Abuse

Sumatec still intact for what?


Darth
7485 posts

Posted by Darth > Jan 24, 2019 6:11 PM | Report Abuse

Con more Retailers?


Crasd123
729 posts

Posted by Crasd123 > Jan 24, 2019 6:13 PM | Report Abuse

Sumatex future 0.60, back to 1998


Darth
7485 posts

Posted by Darth > Jan 24, 2019 6:14 PM | Report Abuse

Woi. You'll still babbling here after so many months of PN17?


Darth
7485 posts

Posted by Darth > Jan 24, 2019 6:15 PM | Report Abuse

This idiot HS. Why dispose below his purchased price?


TheMiddle
789 posts

Posted by TheMiddle > Jan 24, 2019 6:15 PM | Report Abuse

HS buy high sell low. He likes his lucky number 0005, that's why.


Darth
7485 posts

Posted by Darth > Jan 24, 2019 6:20 PM | Report Abuse

What Exactly happened with Sumatec in the 1st place?


zenbeginner
312 posts

Posted by zenbeginner > Jan 24, 2019 6:20 PM | Report Abuse

I think I lost my calmness already.....I think I want to cry already...haha...


Darth
7485 posts

Posted by Darth > Jan 24, 2019 6:24 PM | Report Abuse

What contract was signed in Khazakstan if any?


Darth
7485 posts

Posted by Darth > Jan 24, 2019 6:27 PM | Report Abuse

If nothing was signed.
Than what was Halim's purpose investing in Sumatec?

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