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154,021 comment(s). Last comment by derrickinvestor at Apr 7, 2020 12:52 AM
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tlbeng
904 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
5775 posts

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

either 2 laaa kontolidation or worse delist laaa here


derrickinvestor
7671 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
18 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
271 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
271 posts

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

Delisting?


jasontan1177
1410 posts

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

buy1sell2 your TP 20 cent still intact ?


zenbeginner
271 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
79 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
271 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?


Darth
7485 posts

Posted by Darth > Jan 24, 2019 6:31 PM | Report Abuse

Still babling without answers?


Darth
7485 posts

Posted by Darth > Jan 24, 2019 6:38 PM | Report Abuse

Catch Halim!
Before Mahathir protects him!


Darth
7485 posts

Posted by Darth > Jan 24, 2019 6:44 PM | Report Abuse

Who is accountable today on what happened to Sumatec?


polycarp
1227 posts

Posted by polycarp > Jan 24, 2019 6:47 PM | Report Abuse

Hopefully Mr Mahathir will bail out
Sumatec. It's a wonderfull opportunity
to give back to the people


Alex™
12142 posts

Posted by Alex™ > Jan 24, 2019 7:06 PM | Report Abuse

Warren buffet say be greedy when ppl afraid


Buy1sell2
2329 posts

Posted by Buy1sell2 > Jan 24, 2019 7:17 PM | Report Abuse

@jasontan1177 I think my money is now "Colder than water" ....tong kor sui.
Average 4 sen now 0.5 sen. But still holding.... hopefully not like Perisai. Sumatec want to follow Perisai's foot steps????? HS out...but who is the major shareholder now???? Come on! Oil is going up ...so whats holding Sumatec???? I still keep my fingers crossed.


modestos
37 posts

Posted by modestos > Jan 24, 2019 7:45 PM | Report Abuse

sumatec does not own the kazakhstan asset. markmore owns the asset.


modestos
37 posts

Posted by modestos > Jan 24, 2019 7:46 PM | Report Abuse

sumatec owns nothing but debts and legal matters


Crasd123
729 posts

Posted by Crasd123 > Jan 24, 2019 7:47 PM | Report Abuse

Sumatec 0.60, anytime, waitng Halim


modestos
37 posts

Posted by modestos > Jan 24, 2019 7:47 PM | Report Abuse

all money raised has been transfered to markmore


deMusangking
3792 posts

Posted by deMusangking > Jan 24, 2019 7:59 PM | Report Abuse

sumatec = all fall down ( in hakka!)

haha


deMusangking
3792 posts

Posted by deMusangking > Jan 24, 2019 9:32 PM | Report Abuse

dragon also fall down!!!!!

hahaha


Louis Chan
28 posts

Posted by Louis Chan > Jan 24, 2019 10:01 PM | Report Abuse

sumatec = all CAN! ( in hakka!)


sell
2153 posts

Posted by sell > Jan 24, 2019 10:04 PM | Report Abuse

HS disposed at lowest price 0.005. Suma can close shop or share consolidation coming?


deMusangking
3792 posts

Posted by deMusangking > Jan 24, 2019 10:05 PM | Report Abuse

all CAN!to holland!!

haha


Armada An Quantum Leap Stock In 2019/2020
13156 posts

Posted by Armada An Quantum Leap Stock In 2019/2020 > Jan 24, 2019 10:13 PM | Report Abuse

This can considered as most holland counter in 2016 to 2019 ?


sell
2153 posts

Posted by sell > Jan 24, 2019 10:14 PM | Report Abuse

Wintoni and latest Suma. Why never learn? Follow boss unless you can be the boss.

Posted by Buy1sell2 > Jan 24, 2019 07:17 PM | Report Abuse
@jasontan1177 I think my money is now "Colder than water" ....tong kor sui.
Average 4 sen now 0.5 sen. But still holding.... hopefully not like Perisai. Sumatec want to follow Perisai's foot steps????? HS out...but who is the major shareholder now???? Come on! Oil is going up ...so whats holding Sumatec???? I still keep my fingers crossed.


Armada An Quantum Leap Stock In 2019/2020
13156 posts

Posted by Armada An Quantum Leap Stock In 2019/2020 > Jan 24, 2019 10:17 PM | Report Abuse

From day 1 , i hv bad feeling for semua tec...
The director dont even notice their company name implying to what meaning... bery bad . Mean all gone vanished like mh370 ... terrify me !


limkokthye
2626 posts

Posted by limkokthye > Jan 24, 2019 10:32 PM | Report Abuse

c liao la

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