Otonycon variant 5099.0.75/0.001 can result in severe Acquired Income Deficiency Syndrome (AIDS) and Totally Broke (TB) effects among infected Bilis.

The decision, if any, on the injunction application by Serba will be nugatory because the FFU has been released, via Bursa's subsequent OS to compel Serba to release the same.


newtrader1989 On Wednesday, the High Court will hear an injunction application by Serba Dinamik Holdings Bhd to bar Bursa Malaysia and Ernst & Young Consulting Sdn Bhd (EY Consulting) from releasing the oil and gas company’s special independent review (SIR) factual findings update.

The SIR was initiated to verify the validity and veracity of issues raised in Serba Dinamik’s financial statement for the 12-month period ended Dec 31, 2020, by its then-external auditor KPMG PLT back in May. In October, the stock exchange regulator had directed Serba Dinamik to reveal the findings updates review by EY Consulting. However, Serba Dinamik responded by saying the information on the findings was immaterial.
07/12/2021 8:22 PM

It's the US$1.15 billion civil suit brought against Najib and six others by SRC that is being stayed.

The Court of Appeal will proceed to deliver the verdict on Najib's appeal for the criminal suit.

i3lurker,

No. Don't thank me.

Thank you.

It was your post on Prof Dr Jomo Kwame Sundaram that gave me inspiration.



i3lurker psai3alert

Yes
Thank you.

Keep up the good work old boy
Jolly good show

ps
I am shocked that unicorns dun exist? What a bummer!!
Who credited my bank account with RM42 million then?
02/12/2021 7:23 PM

Dissociative identity disorder (DID) is a phenomenon when a person exhibits alternating multiple identities, each with its own voice, characteristics and mannerisms.

DID is a "trauma-based illness" and is likely to occur in people who have experienced severe, on-going trauma before the age of 5.

Literature on DID states that:

- A person with DID has two or more distinct identities. The “core” identity is the person’s usual personality. “Alters” are the person’s alternate personalities. Some people with DID have up to 100 alters.

How do you deal with a situation when an alternate personality questions the existence of other alters by making statements along the following lines:

1) "He looks like me, He sounds like me, but I don't think its me"

2) Absence of evidence is not evidence of absence

3) Unicorns exist because one can never prove that unicorns do not exist

4) "Existence is the objective reality or being visible to our eyes"

(1), (2) & (3) can be easily explained using Russell's teapot and Occam's razor.

(4) is rather tricky. Pearlblack has postulated that 'Existence is the objective reality or being visible to our eyes'. However is flatulence visible to our eyes? If not, can Pearlblack conclude that fart does not exist and as such is not objective reality.

Recommendation

4.1 -->>> All inmates in Tanjung Rambutan shall line up and fart into Pearlblack's face.

4.2 --->>> Run a test on Pearlblack's hydrogen sulfide [H2S] levels after everyone has farted into Pearlblack's face

4.3 -->>> Repeat steps 4.1 and 4.2



Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by Prudentinv Dec 5, 2021 2:10 PM | Report Abuse

Actually the problem was inconclusively evidence given by auditor and flagging unnecessary concern when audit is not complete. If you all still remember statement like " it sound like me but is not me". We are living in this world that media and so call professional auditor may not behave like one. What is their intention? If that company had a problem why this did not happen a year ago after all this do not happen overnight. Infact, investor can hold the auditor responsible for the loss as they did not do their due diligence previously, if their issue they had brought forth found to be true. This saga can change anytime in this part of the world.



Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by PearlWhite Dec 4, 2021 9:28 AM

Physical sighting as auditors calls it, is important because it confirms “existence”. Existence is the objective reality or being visible to our eyes. Existence is what gives credibility and legitimacy to the to what are stated in the financial statements.


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by PearlWhite Sep 10, 2021 1:35 PM

.
Stop implying. These were 1 one the reasons why your analyses were dismissed as being not up to "auditing standards". Its a static. I do understand that at your position, your access and efforts to obtain further details may be curtailed somewhat, hence I would say "this is as far as it goes".

You can imply this quote of mine however you wish, but I believe that there was a infamous quote somewhere from some Malaysian i.e.

"He looks like me, He sounds like me, but I don't think its me".

Thanks.

PSAi3alert pearlwhite,

So, it's now a 'few remittance advice' to cover receivables from projects that do not exist?

You do realize the implications of your allegations on disconnected money flow, don't you?!

Cash (less pledged FD) as at 30th Sep 2021 was RM 244.926M.

SDHB’s then chairman, Mohammed Ilyas, has filed an affidavit stating that:
- all of the company’s entities as shown below had their banking facilities frozen due to the “negative publicity” surrounding the company
- is a “game changer event” that has thrown SDHB into a “tail-spin”.


Debt that is almost RM 4 billion and banking facilities frozen:

--->>> is not a "game changer event", its a "game over event"

--->>> Stop singing "Don't dream it's over". "It's really over!"


FACILITIES FROZEN:


Serba Dinamik Holdings Berhad
HSBC Amanah Malaysia Berhad, Syndicated Term Financing : RM 1.2 billion
HSBC Amanah Malaysia Berhad, Revolving Financing-i (USD) : USD 25 million (RM 106.9 million)

-->> Total Serba Dinamik Holdings Berhad : RM 1,306.9 million


Serba Dinamik Group Berhad
HSBC Amanah Malaysia Berhad, Commodity Murabahah Financing-i: RM 30.8 million
Affin Islamic Bank Berhad, Tawarruq TF-i: RM 33.4 million
MBSB / Bank Rakyat, Islamic Club Term Financing: RM 224 million
Hong Leong Islamic Bank, Flexi Term Financing-i : USD 47 million (RM 196.6 million)

-->> Total Serba Dinamik Group Berhad : RM 484.6 million


Serba Dinamik International Ltd
Standard Chartered Saadiq, Syndicated Murabaha Term Financing : USD 50 million
Standard Chartered Saadiq, Trade Finance Facilities, LCs, Guarantees: USD 43 million
RHB Islamic Bank Berhad, Trade Finance Facilities, LCs, Guarantees: USD 25 million
Bank of China (Malaysia) Berhad, RCF, LCs, FX Loan, Trust Recipt: USD 30 milliion
HSBC Amanah Malaysia Berhad, Trade Financing Facilities, LCs: USD 47 million
Mizuho Bank (Malaysia) Berhad, Commodity Murabaha Financing-i Revolving Credit: USD 20 million

-->> Total Serba Dinamik International Ltd: USD 215 million ( RM 903 million)


Serba Dinamik Sdn Berhad
Ambank Islamic Bank Berhad, Syndicated term Financing-i Facility: RM 100 million
Standard Chartered Saadiq, Syndicated term Financing-i Facility : RM 100 million
CIMB Bank Berhad, Overdraft, LC, Guarantee : RM 4 million
Standard Chartered Saadiq, Trade Finance Facilities, LCs, Guarantees : RM 85 million
Standard Chartered Saadiq, Receivable Financing : RM 130 million
SME Bank, Bai' Inah (BIN) Term Financing : RM 8 million
HSBC Bank, Receivables Financing : RM 200 million
HSBC Bank , Trade Finance Facilities, LCs, Guarantees : RM 40 million
Affin Islamic Bank Berhad, Cash Line, Guarantee : RM 15 million
Hong Leong Islamic Bank, Commodity Murabaha Revolving Credit-i, Islamic Trade Financing-i : RM100 million
RHB Islamic Bank Berhad, Trade Finance Facilities, FX Line : RM 50 million
Ambank Islamic Bank Berhad, Trade Finance Facilities : RM 45 million
Al-Rajhi Bank, Trade Finance Facilities, LCs, Guarantees : RM 17.9 million
Malayan Banking Berhad, Term Loans, Overdraft, Commodity Murabahah Term Financing-i : RM 10 million
Public Islamic Bank, Term Equity Financing, Cash Line, Overdraft : RM 18.8 million

-->> Total Serba Dinamik Sdn Berhad : RM 923.7 million


SD Advance Engineering Sdn Bhd
Alliance Bank Malaysia Berhad, Overdraft, Trade Facilities : RM 9.5 million

-->>> Total SD Advance Engineering Sdn Bhd : RM9.5 million



Faiza Cash 300M vs borrowing more than 3B
Can arrhhh?
05/12/2021 9:47 AM

THE REAL DANGER SIGNS THAT HAVE BEEN IGNORED

- PE Ratio that is 3-4 times bigger than those of comparable listed EMS companies in Nasdaq

- High percentage of foreign workers

- Dependence on Broadcom, which in turn, is dependent on Apple



Inari
Market Cap: USD 14.308B
PE 43.29
EPS: 8.94

_______________________________


Jabil
Market Cap: USD 8.507B
PE 12.96
EPS: 4.58

Flextronics
Market Cap: USD 8.17B
PE 8.8
EPS: 1.97

Plexus
Market Cap: USD 2.497B
PE 18.74
EPS: 4.76

Sanmina Corp
Market Cap: USD 2.44B
PE 9.46
EPS: 4.12

Celestica
Market Cap: USD 1.301B
PE 14.4
EPS: 0.72
05/12/2021 11:40 AM

Total Net Short Position for 01/12/2021

Short Name ___ Total NS Position ___ % of Total NS Position

INARI _________ 36,317,899 _________ 0.98
GTRONIC ______ 5,919,934 __________ 0.88%
VS ____________ 3,006,600 __________ 0.33%
JCY _______________ 0 ______________ 0%
ATAIMS ____________ 0 ______________ 0%



Sslee xifuinsider
3 hours ago
BREAKING Malaysia tech stock mid day selloff - Andy Hall on the offense this time other tech name and EMS players

Is the RSS preplan?
02/12/2021 3:57 PM

Stock Kingdom,

You're welcome.

It was never a case of Serba vs KPMG (and subsequently Serba vs Bursa and Serba vs EY).

However, there will be schizophrenic people who will insist that fictitious projects, along with unicorns, do exist; and that some secret messages need to be disseminated to Telegram/Whatsapp groups.

It was, and still is, about Serba vs the integrity of the Malaysian capital market. And, most importantly, the integrity of the market ought to be protected, come hell or high water.


Stock Kingdom Thank you so much to PSAi3alert, for your great efforts in disclosing the hidden dirts from this Serba
02/12/2021 5:14 PM

Yes.

Step out from the bucket of poo.

Turn 360 degrees.

And step back into the same bucket.


BobAxelrod Guess this means, turning 360 degrees, and back to same spot???


Posted by josephn > Dec 2, 2021 4:08 PM | Report Abuse

Karim said 360 degree turnaround is guaranteed
02/12/2021 4:34 PM

Thanks.

Sslee @PSAi3alert
The table is from Office Excel where I key in the required data.
The Excel is then copy and paste to my office Word.

From office Words I then copy and paste to my i3blog.
02/12/2021 3:36 PM

Sslee,

For instance, a posting will look like the following, whereas your table is nicely formatted.

2021 2020 2019 2018
RM’000 RM’000 RM’000 RM’000
Revenue 285,649 197,502 212,014 341,532

Sslee,

How did you 'tab' the financial indicators? Or is that feature available in blog mode only?


Sslee https://klse.i3investor.com/blogs/Sslee_blog/2021-12-02-story-h1594765...

For your reading. Thanks
02/12/2021 2:56 PM

treatshijau,

Best to follow the initial arrangement.

The location of your resort booking is as follow:

Hospital Bahagia Ulu Kinta,
31250 Tanjung Rambutan,
Perak Darul Ridzuan

You will be able to select either pool (longkang) or garden (hutan) view upon arrival.

Straight jackets will be provided.

Upgrade to single isolation room will be at the discretion of the 'hotel manager'.

Enjoy!


treatshijau any postponement?
or follow the initial arrangement?
02/12/2021 2:40 PM

Customers that previously accounted for huge revenue contributions have gone missing in the latest quarterly results.

Fake projects from Process Dynamics Company, Halul Offshore Services Company WLL and Pavilion Qatar Engineering Co WLL continue to be recorded in Qatar.


--------------------------------------------------------------------------------------

Revenue (Millions)_____ 30/09/2021 ____ 30/09/2020 ____ 30/09/2019

Malaysia _____________ 216.674 ______ 421.77 ________ 264.74
Indonesia _____________ 14.411 _______ 37.51 _________ 43.93
Laos __________________ - ___________ 1.90 __________ 0.04
South East Asia ________ 231.09 _______ 461.17 ________ 308.71

Turkmenistan __________ 6.093 ________ 19.67 ________ 21.26
India __________________ - ___________ 39.42 ________ 2.54
Uzbekistan ____________ 0.105 _________ - ___________ 15.52
Central and South Asia ___ 6.20 ________ 59.09 _________ 39.31

Bahrain ________________ - __________ 186.05 _________ 80.15
UAE _________________ 128.834 ______ 225.15 ________ 247.63
Qatar ________________ 415.757 ______ 374.28 ________ 295.47
Oman ________________ 13.287 _______ 71.16 _________ 0.00
Kingdom of Saudi Arabia __ 1.274 _______ 63.27 _________ 32.36
Kuwait __________________ - _________ 33.54 _________ 14.33
Middle East ____________ 559.15 _______ 953.45 _______ 669.95

Tanzania ________________ - __________ 3.75 _________ 26.16
United Kingdom _________ 2.91 _________ 4.42 _________ 0.94

Total _________________ 799.35 _______ 1,481.88 ______ 1,045.06


------------------------------------------------------------------------------------------

List of customers that previously accounted for huge revenue contributions:

MALAYSIA
Petronas Chemical Ammonia Sdn Bhd
Petronas Methanol (Labuan) Sdn Bhd
Petronas Carigali Sdn. Bhd
Petronas Gas Berhad.

Indonesia
PT Pilar Bahtera Energi

LAOS
Nam Taep 1,2,3 Hydropower Co Ltd

TURKMENISTAN
Turkmengas

INDIA
Captiv Techno Solutions Private Limited
Analog and Digital Labs India Private Limited

UZBEKISTAN
Hazarasp Chlor Alkali LLC FC

BAHRAIN
Lata International Trading and Services
Regno International Trading & Services W.L.L

UAE
New Thunder Technical Services
Block 7
Future Digital Data Systems LLC
Sum Tech

QATAR
Process Dynamics
Pavilion Qatar Engineering Co. W. L.L
Halul Offshore Services Company WLL

OMAN
Revenue International LLC

SAUDI
Midad Industrial Services

TANZANIA
Sufini Holdings Ltd

Might be fear of Andy Hall type of attacks on companies with:
- high percentage of foreign workers
- dependence on key customer (Broadcom)


brandon99 Any company that invests in China will be punished by the US? Bye Inari and Insas!
02/12/2021 12:49 PM

Posted by Calvin Tan Research on 2021-07-12 when Kpower's price was around 0.8, now almost halved at 0.44 .


https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-07-12-story-h1567951036-KPOWER_Some_Takeaways_after_One_to_One_Talk_with_Kpower_Management_Toda.jsp

---- Excerpts here ----
[ 8) Since the future is bright in renewable energy & the fundamental is strong this is the time to buy Kpower while cheap

9) Calvin thinks after the noise & dust are settled Kpower should rise up to Rm1.00. From there it will continue to move higher and higher as more and more people discover its potential in the Renewable Energy Sphere which is the Future of Clean Green Energy due to climate change

Best Regards

Calvin Tan Research

Please do your own due diigence before buying or selling. In double please consult your Remisier or Fund Manager. ]

muhfiq,

The results will probably be the same - testicular cancer that has metastasized to your penis.

Tumor size has increased to 2.01 inches, an increase by 0.01 inch. Not exactly huge.

How do you mean by 'waiting for it to execute'? Do you mean that you wish to have a complete resection of your testicles and penis?


muhfiq Can't imagine the result next week

Must have huge one

Been waiting for it to execute
02/12/2021 12:06 PM



Posted by PSAi3alert Nov 26, 2021 3:11 PM | Report Abuse

Not everyone's waiting. Just hijau belalang, amirf1221 and yourself.

Yes, the issue is getting more attention.

All of you have schizophrenia, delusional disorder and dissociative identity disorder.

You also have testicular cancer. The cancer may have metastasized to your penis.

And the tumor size is now 2 inches.

It's up to you, hijau belalang and amirf1221 to interpret on whether 2 inches is a big issue.

At this juncture, your testicles are still suspended. (It's odd that you find it interesting).



muhfiq I bet everyone is waiting

Seems the issue is getting more attention

The verdict is big issue
26/11/2021 2:53 PM

suc Bang·La

Domain of Ah Kua(s). Mabel can elaborate.


.

sub ju·di·ce

The Concise Dictionary Of Law describes the sub judice rule as “a rule limiting comment and disclosure relating to judicial proceedings, in order not to prejudge the issue or influence the jury”.

Of common law origin, the sub judice rule was applicable to criminal trials since the ultimate decision-maker is the panel of jurors, which comprises laymen who are non-professionals.

However, criminal cases are now conducted by a judge when the jury system was effectively abolished on 1st January 1995.

The sub judice rule ought not be inapplicable due to the absence of jury trials.

In addition, there will not be any witnesses in originating summons (OS) actions and consequently the issue on sub judice is largely irrelevant.


In Goldsmith v. Sperrings Ltd [1977] 2 All ER 566, Lord Denning MR had this to say:-

“In a civilized society, legal process is the machinery for keeping order and doing justice. It can be used properly or it can be abused. It is used properly when it is invoked for the vindication of men’s rights or the enforcement of just claims. It is abused when it is diverted from its true course so as to serve extortion or oppression; or to exert pressure so as to achieve an improper end. When it is so abused, it is a tort, a wrong known to the law”


Sslee sub ju·di·ce
adjectiveLAW
under judicial consideration and therefore prohibited from public discussion elsewhere.
01/12/2021 12:04 PM

Serba recorded lower Q3 revenue in all countries with the exception for Qatar.

Was RM415.8 million in Qatar contributed by Process Dynamics Company, Halul Offshore Services Company WLL and Pavilion Qatar Engineering Co WLL?

Serba, is that your final answer?

Pavilion Qatar is a cleaning company and was just 'dropped' by SCIB.
Both websites for Halul and Process Dynamics are hosted by Penang-based Exabytes.

Sure you want to lock in the answer?

Al Jazeera's investigation unit is based in Qatar.

Are you absolutely sure that it is your final answer?



RM415.8 million contributed by Process Dynamics Company, Halul Offshore Services Company WLL and Pavilion Qatar Engineering Co WLL

Revenue (Millions)_____ 30/09/2021 ____ 30/09/2020 ____ 30/09/2019

Malaysia _____________ 216.674 ______ 421.77 ________ 264.74
Indonesia _____________ 14.411 _______ 37.51 _________ 43.93
Laos __________________ - ___________ 1.90 __________ 0.04
South East Asia ________ 231.09 _______ 461.17 ________ 308.71

Turkmenistan __________ 6.093 ________ 19.67 ________ 21.26
India __________________ - ___________ 39.42 ________ 2.54
Uzbekistan ____________ 0.105 _________ - ___________ 15.52
Central and South Asia ___ 6.20 ________ 59.09 _________ 39.31

Bahrain ________________ - __________ 186.05 _________ 80.15
UAE _________________ 128.834 ______ 225.15 ________ 247.63
Qatar ________________ 415.757 ______ 374.28 ________ 295.47
Oman ________________ 13.287 _______ 71.16 _________ 0.00
Kingdom of Saudi Arabia __ 1.274 _______ 63.27 _________ 32.36
Kuwait __________________ - _________ 33.54 _________ 14.33
Middle East ____________ 559.15 _______ 953.45 _______ 669.95

Tanzania ________________ - __________ 3.75 _________ 26.16
United Kingdom _________ 2.91 _________ 4.42 _________ 0.94

Total _________________ 799.35 _______ 1,481.88 ______ 1,045.06

.

Welcome.

16.11(2) can also trigger de-listing upon a winding up order.



16.11 De-listing by the Exchange
(2) The Exchange shall de-list a listed issuer in any one of the following circumstances:
(a) pursuant to a directive, requirement or condition imposed by the SC, after which the Exchange will notify the SC of the decision to de-list;
(b) upon the maturity or expiry of a class of securities;
(c) [deleted]
(d) upon a winding up of a listed issuer. For this purpose, “winding up of a listed issuer” includes any of the following circumstances:
(i) upon the commencement of a voluntary winding-up of a listed issuer in accordance with the Companies Act;
(ii) upon a winding up order being made against a listed issuer; or
(iii) upon the winding-up of a collective investment scheme or business trust in accordance with the deed, the relevant guidelines issued by the SC or the CMSA;


shareinvestor888 Many thanks for sharing @PSAi3alert.

PSAi3alert 9.28 Suspension or de-listing for failure to comply

(6) If a listed issuer fails to issue the outstanding Financial Statements within 6 months from the expiry of the Relevant Timeframes, in addition to any enforcement action that the Exchange may take, the Exchange shall commence de-listing procedures against such listed issuer.
30/11/2021 10:41 PM

9.28 Suspension or de-listing for failure to comply

(6) If a listed issuer fails to issue the outstanding Financial Statements within 6 months from the expiry of the Relevant Timeframes, in addition to any enforcement action that the Exchange may take, the Exchange shall commence de-listing procedures against such listed issuer.



shareinvestor888 What is the Penalty for being unable to submit audited accounts on time?

Let’s wait tomorrow
30/11/2021 10:24 PM

shareinvestor888,

You forgot to mention Leslie Cheung's boyfriend.

Afraid later he cannot collect 25 cents per post.


shareinvestor888 Haha ha ….Mine worker so afraid so many intellectual comments (which he obviously cannot understand). Dia work part-time at night here to Spam with Petai’s meaningless long sampah..

BobAxelrod Mine worker been locked underground far too long. Now he still thinks the head lights from super bullet train, rushing straight at him is light at end of tunnel....
30/11/2021 9:33 PM
30/11/2021 9:46 PM

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=217029&name=EA_FR_ATTACHMENTS

"On geographical segmentation, the Middle East region continued to be the highest revenue contributor for the Group at regional level. Middle East contributed 70.0% of the overall revenue for the quarter or RM559.1 million. The revenue mainly contributed from Qatar and followed by UAE of RM415.8 million and RM128.8 million respectively. "

--->>> RM415.8 million contributed by Process Dynamics Company, Halul Offshore Services Company WLL and Pavilion Qatar Engineering Co WLL ?

"Serba Dinamik International Ltd won a three-year operations and maintenance (O&M) contract from Pavilion Qatar Engineering Co WLL worth US$60 million (RM250.62 million), the group said in a filing with Bursa Malaysia."

--->>> Pavillion Qatar ( pavilionqatar.com/organisation-chart.html ) is a cleaning company run by Indian nationals and is not licensed for Oil n Gas acitivities

--->>> Only evidence of rotating equipment or fire water project is available here: http://www.pavilionqatar.com/images/gallery/4.jpg

Only mine worker moonlighting as jamban jaga can conclusively confirm that toilets are rotating equipment

"Of the four contracts, SDIL will be providing one-year specialist services on turbo machinery for Halul Offshore Services Company WLL in Qatar, and maintenance services on rotating machinery and instrument systems in operation areas for Al-Meer Technical Services Co in Kuwait."


Company: Halul Offshore Services Company WLL
Domain name: haluloffshore-finance.com
Created: 2016-01-04 09:39:31 UTC

Originally Hosted by: Exabytes ( ns111.mschosting.com and ns112.mschosting.com )

Name servers still with Exabytes.

Mine worker to change? Tsk tsk tsk.

"In Qatar, revenue contribution was derived from contract with Process Dynamics Company for the provision of topside maintenance service"

Process Dynamics Company's website is hosted with Penang-based Exabytes and office address is just a PO box

Company: Process Dynamics Company
Domain name: processdynamicco.com
Created: 2015-08-18 04:40:38 UTC

Originally Hosted by: Exabytes ( ns101.mschosting.com and ns102.mschosting.com )

Name servers changed to Godaddy's nameservers ( ns05.domaincontrol.com and ns06.domaincontrol.com ) on 8th August 2021.


p.s. Quickly get a court order to shut down icann.org , completedns.com and the Internet

Serba 2016 annual report - UAE Customer: New Thunder Technical Services

"In the United Arab Emirates, our revenue continued to increase in FYE 2016 due to our EPCC project with New Thunder Technical Services LLC. for the Procurement, Fabrication, Construction, and Commissioning services for their end user clients which contributed approximately RM43.4 million....

The website for New Thunder Technical Services , new-thunder.com , was created on the 2016-12-06 and was hosted with Penang based Exabytes.

The website stated - "Based in Dubai, U.A.E. New Thunder Technical Services. L.L.C. has its roots dating back to 1993"

Contact : web form only, no physical address listed at site.

Company: New Thunder Technical Services
Domain name: new-thunder.com
Created: 2016-12-06 17:29:07 UTC

Originally Hosted by: Exabytes ( ns111.mschosting.com and ns112.mschosting.com )

Name servers changed to Godaddy's nameservers ( ns33.domaincontrol.com and ns34.domaincontrol.com ) on 3rd August 2021.


A search was performed at UAE's Ministry of Economy site and returned the following:

A company with the name of N E W THUNDER TECHNICAL SERVICES L.L.C was established only in 2012.

Business Name English: N E W THUNDER TECHNICAL SERVICES L.L.C
Establish date: 22/05/2012
BA Desc English: Specialized Piping & Related Fittings Contracting,
Full address: Bur Dubai Jebel Ali Industrial
Phone: 971-4-8845829
Fax: 971-4-8845829
Responsible Manager: ABDUL KHADER KUDROLI

Can try to sue TheEdge.

But must include the FFU in the suit.

Checkmate again.


In Goldsmith v. Sperrings Ltd [1977] 2 All ER 566, Lord Denning MR had this to say:-

“In a civilized society, legal process is the machinery for keeping order and doing justice. It can be used properly or it can be abused. It is used properly when it is invoked for the vindication of men’s rights or the enforcement of just claims. It is abused when it is diverted from its true course so as to serve extortion or oppression; or to exert pressure so as to achieve an improper end. When it is so abused, it is a tort, a wrong known to the law”



OldWiseMan100 Karim gila already? Want to sue theedge?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3214795

30/11/2021 7:20 PM

fms016,

Both Block 7 and FDDS were registered by Karim.

Block 7
https://ibb.co/6Bm54hJ

FDDS
https://ibb.co/qWh3Zf5

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=114177&name=EA_GA_ATTACHMENTS

If you look at the salient terms in the announced projects, each of the projects has the following terms:

--- TERMS ---
[The payments of the Contract Price 1 shall be made to KPEng in accordance with the payment schedule and on such terms and conditions to be set out under the relevant definitive agreement, including an advance payment of an amount equal to ten percent (10%) of the Contract Price 1 or RM10,000,000, whichever is lower.

KPEng shall provide an on-demand bank guarantee from a bank in an amount equal to five percent (5%) of the Contract Price 1 and shall remain in full force until KPEng has provide an on-demand bank guarantee from a bank in an amount equal to ten per cent (10%) of the Contract Price 1, being the warranty bond.

CHSB reserves the right to assign or novate the rights and/or benefits under Project 1, subject to a written notification to KPEng.

Mustakim Bin Mat Nun is a Director of the Project Companies and has the intention to acquire the Project Companies via One Hydro Power Sdn Bhd (“One Hydro Power”), in which he is also an indirect shareholder and accordingly, he is deemed interested in the Contracts. One Hydro Power, a wholly-owned subsidiary of OHP Ventures Sdn Bhd (“OHPV”) has entered into share sale agreements with Dato’ Ahmad Sufian bin Abdul Majid, the vendor representing the registered owners of the Project Companies.

Amirul Afif Bin Abd Aziz is the Group Chief Financial Officer (“CFO”) of KPower. He currently holds 1.21% direct interest in KPower. He is a Director of the Project Companies and has the intention to acquire the Project Companies via One Hydro Power, in which he is also an indirect shareholder, and accordingly, he is deemed interested in the Contracts.]

--- TERMS ---

---> Even before commencement of those projects, there is already a mismatch between deposits received and performance bond requirements.

a) Cabaran Hijau Sdn. Bhd. (“CHSB”)
Project: 18.7 MW mini hydro power plant
Location: Sg. Jelai Kecil, Mukim Jelai, Daerah Lipis, Pahang Darul Makmur
Contract Price: RM199,159,192.83 (“Project 1”) (“LOA 1”);

>>> CHSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to CHSN = RM19.9159M

b) Selat Serasi Sdn. Bhd. (“SSSB”)
Project: 13.9 MW mini hydro power plant
Location: Sg. Telom, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur
Contract Price: RM148,038,116.59 (“Project 2”) (“LOA 2”);

>>> SSSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to SSSB = RM14.8038M

c) Denai Delima Sdn. Bhd. (“DDSB”)
Project: 12 MW mini hydro power plant
Location: Location: Sg. Lemoi, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur
Contract Price: Contract Price: RM127,802,690.58 (“Project 3”) (“LOA 3”)

>>> DDSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to DDSB = RM12.7803M

d) Koridor Mentari Sdn. Bhd. (“KMSB”)
Project: 5.25 MW mini hydropower plant
Location: Sg. Kampar, Kampar, Perak Darul Ridzuan
Contract Price: RM35,000,000 (“Project 4”) (“LOA 4”)

>>> KMSB's deposit to KPEng = RM3.5M
>>> KPEng Bond to KMSB = RM3.5M


---> Those four projects, to be built by KPower, will cost OHP Ventures Sdn Bhd RM510M and, when completed, will have a total power generation capacity of 49.25MW

---> At 28.98 sen per kilowatt-hour, the potential revenue for OHP will only be able to cover interest payments and maintenance. And as such, funding will be a question mark

---> If OHP Ventures is unable to obtain fundings, KPower will indirectly be funding those projects

---> KPower's Receivables went from RM46.056M in June 2020 to RM149.791M in June 2021 and to RM161,013M in Sep 2021

---> KPower's Borrowings went from RM0.565M in June 2020 to RM52.384M in June 2021 and to RM37,579M in Sep 2021

---> Does the clause, for CHSB, SSSB, DDSB and KMSB to be allowed to assign or novate the rights and/or benefits, imply that they can just novate the rights and or/benefits but not the liabilities? If so, does it mean the RM161.013M of receivables will be at risk?

---> Mustakim Bin Mat Nun and Amirul Afif Bin Abd Aziz are the CEO and CFO of KPower respectively. They are also Directors of the Client Project Companies. Clearly, conflict of interests have arisen. Was a shareholders meeting ever convened and voted on the conflict of interests issue?

Questions:

In July 2018, Serba got awarded a USD66.2M project by "NT" for the 3x5MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy facility

In June 2020, KPower announced the award by Zhenghong Building Road & Bridge Construction Co Ltd for the 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facilities

Question: How can Zhenghong award the same project to KPowernet for US$40.7mil in June 2020, when NT already awarded the project to Serba for USD66.2M in July 2018?

Question: Has NT terminated the contract that was previously signed with Serba?

Nam Samoy Hydropower Co. Ltd. was already listed at the developer of the Nam Samoy project that was intended to qualify as a CDM project in a 2014.

Question: How can Zhenghong award the same project to KPower in Feb 2020?

Question: Is there any evidence to show that Zhenghong has signed PPAs with Électricité du Laos for both projects?

Question: Since Fitch has downgraded Laos country rating to CCC, how are the projects going to be funded?

Corporate schizophrenia in Laos

January 2018

OHP Ventures was incorporated in the Federal Territory of Labuan, Malaysia on 27 February 2018 as a private limited company under the Labuan Companies Act 1990.

The total issued and paid-up share capital of OHP Ventures is USD 100

OHP Ventures has entered into a joint development agreement with Thavone Athsamouth dated 9 January 2018 for the development, financing, construction, commissioning and operation and maintenance of two (2) mini hydro installations/projects with an aggregate capacity of 30MW in the district of Houaphan, Lao People's Democratic Republic (“Lao PDR”) (“Project”). The Project had commenced in July 2018 and shall be completed by January 2022.

OHP Ventures owns seventy percent (70%) of the issued and paid-up shares in Nam Taep 1.2.3 Hydropower Company Limited (“NT”), a company incorporated in Lao PDR. NT is the holder of the two (2) concessions for the Project. NT had entered into two (2) power purchase agreements (“PPAs”) with Électricité du Laos, both dated 8 December 2017, for the sale and purchase of the net electrical output generated from 3x5MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facility, respectively, to be constructed at Ban Nam Taep and Ban Nameuang, Xam Tai District, Houaphan Province, Lao PDR.

OHP Ventures Sdn Bhd ("OHPVSB") as at February 2018 owned the entire issued and paid-up share capital of OHP Ventures.


19 July, 2018

Serba Dinamik Holdings Bhd has secured an engineering, procurement, construction and commissioning (EPCC) contract to build two hydro power plants in Laos, which will have the capacity to generate 30 megawatt (MW) of electricity for US$66.2 million, equivalent to RM268.8 million.

Serba Dinamik said the contract was awarded by Nam Taep 1,2,3 Hydropower Co Ltd ("NT") to its wholly-owned subsidiary Serba Dinamik International Ltd, which is valid throughout the next 43 months or 3.6 years.

--->>> Serba got awarded a USD66.2M project by "NT" (70% owned by OHP Ventures)


16 Oct 2018

The Board of Directors of SDHB (“Board”) wishes to announce that the Company’s whollyowned subsidiary, SDIL had on 15 October 2018, entered into a share sale and purchase agreement (“SSA”) with OHPVSB to acquire forty nine percent (49%) equity interest held by OHPVSB in OHP Ventures (“Sale Shares”) for the Purchase Consideration (“Proposed Acquisition”).

Upon completion of the Proposed Acquisition, OHP Ventures will become a forty nine percent (49%)-owned associated company of SDIL. SDIL and OHPVSB are hereinafter either individually referred to as the “Party” or collectively as the “Parties”. Further details of the Proposed Acquisition are set out in the ensuing sections.

Sharifah Irina Binti Syed Ahmad Radzi (“Sharifah” or the “Interested Director”) is the
Independent Non-Executive Director of SDHB. She is related to one of the directors and
shareholders of OHPVSB and accordingly, she is deemed interested in the Proposed
Acquisition.

--->>> OHP Ventures has 70% interest in NT
--->>> Serba paid USD800,000 for 49% of OHP Ventures (paid-up capital USD100) from OHPVSB
--->>> Serba effectively has 34.3% in NT


21 February 2020

He said KPOwer had recently received and accepted a letter of award from Zhenghong Building Road and Bridge Construction Co Ltd to undertake, among others, the design, supply, construction, commissioning and completion of an eight megawatt hydropower plant at Nam Samoy in Vientiane, Laos.

--->>> Nam Samoy Hydropower Co. Ltd. was already listed at the developer of the Nam Samoy project that was intended to qualify as a Clean Development Mechanism (CDM) project in a 2014

https://cdm.unfccc.int/Projects/DB/TUEV-RHEIN1437628107.49/view


29 June 2020

KPowernet told Bursa Malaysia today that it was awarded a US$40.7mil (RM174.5mil) contract by Zhenghong Building Road & Bridge Construction Co Ltd to build two hydropower energy facilities in Houaphan province.

The latest contract is for the supply, construction, commissioning and completion of the civil work for the development of 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facilities.

--->>> NT already awarded the 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower project to Serba for US$66.2 million in July 2018

--->>> Zhenghong Building Road & Bridge Construction Co Ltd is now awarding the same project to KPowernet for US$40.7mil?!

Questions:

In July 2018, Serba got awarded a USD66.2M project by "NT" for the 3x5MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy facility

In June 2020, KPower announced the award by Zhenghong Building Road & Bridge Construction Co Ltd for the 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facilities

Question: How can Zhenghong award the same project to KPowernet for US$40.7mil in June 2020, when NT already awarded the project to Serba for USD66.2M in July 2018?

Question: Has NT terminated the contract that was previously signed with Serba?

Nam Samoy Hydropower Co. Ltd. was already listed at the developer of the Nam Samoy project that was intended to qualify as a CDM project in a 2014.

Question: How can Zhenghong award the same project to KPower in Feb 2020?

Question: Is there any evidence to show that Zhenghong has signed PPAs with Électricité du Laos for both projects?

Question: Since Fitch has downgraded Laos country rating to CCC, how are the projects going to be funded?

Corporate schizophrenia in Laos

January 2018

OHP Ventures was incorporated in the Federal Territory of Labuan, Malaysia on 27 February 2018 as a private limited company under the Labuan Companies Act 1990.

The total issued and paid-up share capital of OHP Ventures is USD 100

OHP Ventures has entered into a joint development agreement with Thavone Athsamouth dated 9 January 2018 for the development, financing, construction, commissioning and operation and maintenance of two (2) mini hydro installations/projects with an aggregate capacity of 30MW in the district of Houaphan, Lao People's Democratic Republic (“Lao PDR”) (“Project”). The Project had commenced in July 2018 and shall be completed by January 2022.

OHP Ventures owns seventy percent (70%) of the issued and paid-up shares in Nam Taep 1.2.3 Hydropower Company Limited (“NT”), a company incorporated in Lao PDR. NT is the holder of the two (2) concessions for the Project. NT had entered into two (2) power purchase agreements (“PPAs”) with Électricité du Laos, both dated 8 December 2017, for the sale and purchase of the net electrical output generated from 3x5MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facility, respectively, to be constructed at Ban Nam Taep and Ban Nameuang, Xam Tai District, Houaphan Province, Lao PDR.

OHP Ventures Sdn Bhd ("OHPVSB") as at February 2018 owned the entire issued and paid-up share capital of OHP Ventures.


19 July, 2018

Serba Dinamik Holdings Bhd has secured an engineering, procurement, construction and commissioning (EPCC) contract to build two hydro power plants in Laos, which will have the capacity to generate 30 megawatt (MW) of electricity for US$66.2 million, equivalent to RM268.8 million.

Serba Dinamik said the contract was awarded by Nam Taep 1,2,3 Hydropower Co Ltd ("NT") to its wholly-owned subsidiary Serba Dinamik International Ltd, which is valid throughout the next 43 months or 3.6 years.

--->>> Serba got awarded a USD66.2M project by "NT" (70% owned by OHP Ventures)


16 Oct 2018

The Board of Directors of SDHB (“Board”) wishes to announce that the Company’s whollyowned subsidiary, SDIL had on 15 October 2018, entered into a share sale and purchase agreement (“SSA”) with OHPVSB to acquire forty nine percent (49%) equity interest held by OHPVSB in OHP Ventures (“Sale Shares”) for the Purchase Consideration (“Proposed Acquisition”).

Upon completion of the Proposed Acquisition, OHP Ventures will become a forty nine percent (49%)-owned associated company of SDIL. SDIL and OHPVSB are hereinafter either individually referred to as the “Party” or collectively as the “Parties”. Further details of the Proposed Acquisition are set out in the ensuing sections.

Sharifah Irina Binti Syed Ahmad Radzi (“Sharifah” or the “Interested Director”) is the
Independent Non-Executive Director of SDHB. She is related to one of the directors and
shareholders of OHPVSB and accordingly, she is deemed interested in the Proposed
Acquisition.

--->>> OHP Ventures has 70% interest in NT
--->>> Serba paid USD800,000 for 49% of OHP Ventures (paid-up capital USD100) from OHPVSB
--->>> Serba effectively has 34.3% in NT


21 February 2020

He said KPOwer had recently received and accepted a letter of award from Zhenghong Building Road and Bridge Construction Co Ltd to undertake, among others, the design, supply, construction, commissioning and completion of an eight megawatt hydropower plant at Nam Samoy in Vientiane, Laos.

--->>> Nam Samoy Hydropower Co. Ltd. was already listed at the developer of the Nam Samoy project that was intended to qualify as a Clean Development Mechanism (CDM) project in a 2014

https://cdm.unfccc.int/Projects/DB/TUEV-RHEIN1437628107.49/view


29 June 2020

KPowernet told Bursa Malaysia today that it was awarded a US$40.7mil (RM174.5mil) contract by Zhenghong Building Road & Bridge Construction Co Ltd to build two hydropower energy facilities in Houaphan province.

The latest contract is for the supply, construction, commissioning and completion of the civil work for the development of 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facilities.

--->>> NT already awarded the 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower project to Serba for US$66.2 million in July 2018

--->>> Zhenghong Building Road & Bridge Construction Co Ltd is now awarding the same project to KPowernet for US$40.7mil?!

In August 2020, KPower announced a RM192.68M project with Apex Makalu in Nepal.

However, the Mid-Hongu Khola A Hydropower Project was previously signed between Apex Makalu and CNEEC in Sep 2019.

In addition, on the 9th July 2021, Sanima Hydro and Engineering announced an agreement with Apex Makalu for Due Diligence for, again, the same Mid Hongu Khola – A Hydropower Project.

The coordinates of project area are:
86 51' 23" E to 86 53' 54" E
27 30' 51" N to 27 32' 08" N

-->> calvintaneng has yet to revert on how much of the RM192.68M contract has been recognized as receivables

-->> Sanima just announced an agreement with Apex Makalu

-->> calvintaneng has yet to revert if agreement between KPower and Apex Makalu is still in force or has it been terminated?

-->> Satellite images of the project area are showing no construction activities in the project area.
-->> calvintaneng has yet to revert if the project has been abandoned



23rd Sep 2019 - CNEEC's Press Statements

Mr. Chhabindra Parajuli, Commercial Consulate of Embassy of Nepal in China, and Mr. Zhao Hui, President of CNEEC witnessed the signing of EPC Contract for Nepalese Mid-Hongu Khola A Hydropower Project, which are undertaken by Mr. Kedar Nath Poudel Director of Apex Makalu Hydro Power Pvt. Ltd., and Mr. Ning Hui, Deputy General Manager of CNEEC No. 1 Business Department.


27th Aug 2020 - KPower's Press Statements

Kumpulan Powernet Bhd has secured a contract worth US46.2 million (RM192.68 million) for a hydropower project at Mahakulung VDC, Nepal.

In a bourse filing, the group said its wholly-owned subsidiary KPower International Ltd received a letter of award yesterday from Apex Makalu Hydro Power Pvt Ltd for the 22MW Mid Hongu Khola-A hydropower project in Nepal.

"The scope of work includes the engineering, construction, supervision, testing, commission, reliability test, remedy of defect during the defect liability period and provision of all equipment, both permanent works and temporary works in connection with the project," the company said.

The target completion date for the project is within 36 months from the commencement date, or not later than Aug 31, 2023.


9th July 2021 - Sanima's Press Statements

Sanima Hydro and Engineering (P.) Ltd signed a contract agreement with Apex Makalu Hydropower Ltd. for Due Diligence Study of Mid Hongu Khola – A Hydropower Project (22 MW) on 9th July, 2021. The project is located in Solukhumbu district, Province No.1 of Nepal. It has been planned as a run-of-river (RoR) type scheme with an installed capacity of 22 MW, design discharge at Q42.85 of 13.50 m3/sec, and gross head of 210.00 m.

Yes, 30 cents for WC is the fair price to buy at this juncture.

Ask for a 10 cents dividend and the WC price will be 23 cents.


Stock Price __ Theoretical Warrant $
0.29 _________ 0.003
0.39 _________ 0.013
0.50 _________ 0.033
0.60 _________ 0.065
0.70 _________ 0.109
0.80 _________ 0.162
0.90 _________ 0.225
1.00 _________ 0.295
1.10 _________ 0.371
1.20 _________ 0.452
1.30 _________ 0.538
1.41 _________ 0.626
1.51 _________ 0.717


Snapshot @1.00
Price 0.294
Delta 0.724
Gamma 0.594
Theta 0
Vega 0.006
Rho 0.012
Elasticity 2.46

Sslee
By the time I collect my Insas dividend of 60k+, I can Q buy WC 30 cents just so that leno will not keep reminding me who sold WC at 30 cents.
29/11/2021 4:09 PM

Hustle to Holland

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by Mabel Oct 20, 2020 3:54 PM

My advice is just buy and forget...No need to monitor every day.

Spend your quality time doing something useful like attending dancing class..

Come and join Mabel...Do the Hustle...

https://www.youtube.com/watch?v=V3kE0rvAJhM

Meow Meow Meow

--->>> Serba's price when Mabel posted: 1.56
--->>> Latest price: 0.35
--->>> 78% loss, en route to 100% loss !!!!!!!!!!!!!!!



Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Posted by Mabel Oct 19, 2020 1:14 PM

Dear Gloves supporters, don’t be perturbed by Malaysian politics as all glove counters are presently safe haven play.

Short Term: Uptrend

Medium Term: Uptrend

Long Term: Uptrend

Meow Meow Meow Meow

--->>> TG's price when Mabel posted: 8.7
--->>> Latest price: 2.64
--->>> 70% loss !!!!!!!!!!!!!!!!!!!



Stock: [SUPERMX]: SUPERMAX CORP BHD

Oct 19, 2020 1:15 PM | Report Abuse

Dear Gloves supporters, don’t be perturbed by Malaysian politics as all glove counters are presently safe haven play.

Short Term: Uptrend

Medium Term: Uptrend

Long Term: Uptrend

--->>> Supermax's price when Mabel posted: 9.27
--->>> Latest price: 1.85
--->>> 80% loss !!!!!!!!!!!!!!!!!!!



Stock: [HARTA]: HARTALEGA HOLDINGS BHD

Oct 19, 2020 1:15 PM | Report Abuse

Love it joesephlim !

Let me repeat it...

Dear Gloves supporters, don’t be perturbed by Malaysian politics as all glove counters are presently safe haven play.

Short Term: Uptrend

Medium Term: Uptrend

Long Term: Uptrend

Meow Meow Meow Meow


--->>> Harta's price when Mabel posted: 17.32
--->>> Latest price: 5.65
--->>> 67% loss !!!!!!!!!!!!!!!!!!!

The impact from SIR findings ( RM1.438 B ) is only for
- 11 local customers (Petronas Chemical Ammonia Sdn Bhd, Petronas Methanol (Labuan) Sdn Bhd, Petronas Carigali Sdn. Bhd and Petronas Gas Berhad, etc)
- Lata in Bahrain
- specific IT contracts.

All the other following projects have not been reviewed:

Process Dynamics - fake project
Pavilion Qatar Engineering Co. W. L.L -fake project <<<----- SCIB already terminated fake project with Pavilion
Halul Offshore Services Company WLL - fake project
New Thunder Technical Services - fake project
Block 7 - fake project
Future Digital Data Systems LLC - fake project
Lata International Trading and Services - fake project <<<----- SIR findings confirmed fraud
Regno International Trading & Services W.L.L - fake project
Midad Industrial Services - fake project
PT Pilar Bahtera Energi - fake project
Revenue International LLC - fake project <<<----- SCIB already terminated fake project with Revenue
Sufini Holdings Ltd - fake project
Captiv Techno Solutions Private Limited - fake project
Analog and Digital Labs India Private Limited - fake project
Hazarasp Chlor Alkali LLC FC - fake project
Nam Taep 1,2,3 Hydropower Co Ltd - fake project
Hydro Village Private Ltd - fake project


Write-off the other fake projects and the company will have negative shareholders equity

.

Hustle to Holland

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Posted by Mabel Oct 20, 2020 3:54 PM

My advice is just buy and forget...No need to monitor every day.

Spend your quality time doing something useful like attending dancing class..

Come and join Mabel...Do the Hustle...

https://www.youtube.com/watch?v=V3kE0rvAJhM

Meow Meow Meow

--->>> Serba's price when Mabel posted: 1.56
--->>> Latest price: 0.35
--->>> 78% loss, en route to 100% loss !!!!!!!!!!!!!!!


Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Posted by Mabel Oct 19, 2020 1:14 PM

Dear Gloves supporters, don’t be perturbed by Malaysian politics as all glove counters are presently safe haven play.

Short Term: Uptrend

Medium Term: Uptrend

Long Term: Uptrend

Meow Meow Meow Meow

--->>> TG's price when Mabel posted: 8.7
--->>> Latest price: 2.64
--->>> 70% loss !!!!!!!!!!!!!!!!!!!

Do not wander into ATA IMS and use the word 'activism'

The Tanjung Rambutan kakis have now spiraled into a 'disorganized schizophrenia' (Hebephrenia) condition and are now displaying:

- Loose associations: Rapidly shifting between topics with no connections between topics

- Perseveration: Repeating the same things over and over again

- Made up words that only have meaning to the speaker

- Use of rhyming words without meaning

- When cognitive disorganization is severe, it can be nearly impossible to understand what the person is saying.

(xi) The Issuer fails to maintain the then prevailing FSRA Minimum Required Balance (as defined in the section entitled “Other terms and conditions – Details of designated account, if applicable”) and PSRA Minimum Required Balance (as defined in the section entitled “Other terms and conditions – Details of designated account, if applicable”); and such failure remains unremedied for more than seven (7) business days from the date of any shortfall;

(xii) The Issuer fails to maintain the Financial Covenants (as defined above);

(xiii) At any time any of the provisions of the IMTN Transaction Documents is or becomes illegal, void, voidable or unenforceable;

(xiv) Any event or events has or have occurred or a situation exists which in the opinion of the Sukuk Trustee may have a Material Adverse Effect, and in the case of the occurrence of such event or situation which in the opinion of the Sukuk Trustee is capable of being remedied, the Issuer does not remedy it within a period of fourteen (14) business days after the Issuer became aware or having been notified by the Sukuk Trustee of the event or situation;

(xv) An event of default or a dissolution event under any outstanding ICPs has occurred and is continuing; and

(xvi) Such other Dissolution Event as may be required by the Guarantor and/or the investor(s) of the Unrated IMTNs, if applicable, and/or as advised by the Solicitors and mutually agreed by the Issuer and the Lead Arranger.

Upon the occurrence of a Dissolution Event which is continuing, the Sukuk Trustee may at its discretion or, upon the IMTN Holders’ instruction, declare that a Dissolution Event has occurred and all IMTNs are immediately due and payable, whereupon the Sukuk Trustee is entitled to enforce its rights under the IMTN Transaction Documents including, but not limited to, requiring SDHB (as the Obligor) to purchase the Shariah-compliant Business at the Exercise Price and pay the outstanding amounts of the Deferred Sale Price (subject to any Ibra’, if applicable).

In the case of Guaranteed Unrated IMTNs, the Sukuk Trustee on behalf of the IMTN Holders in respect of such Guaranteed Unrated IMTNs shall, upon the declaration of a Dissolution Event, make a claim on the Guarantee up to an amount equivalent to the nominal value of such Guaranteed Unrated IMTNs and one (1) Periodic Distribution.

Events of defaults or enforcement events, where applicable, including recourse available to investors

Events of default as may be advised by the Solicitors and/or to be mutually agreed between the Issuer and the Lead Arranger, including but not limited to such events of default prescribed in the SC’s Trust Deeds Guidelines and the following which includes any event which upon the giving of notice and/or the lapse of time and/or the issue of a certificate and/or fulfilment of the relevant requirement as contemplated under the IMTN Transaction Documents would constitute an event of
default (each a “Dissolution Event”) :

(i) The Issuer fails to pay any amount due under the IMTNs when such payment is due and payable in accordance with the IMTN Transaction Documents;

(ii) The Issuer fails to observe or perform any of their undertakings, covenants and/or obligations under the IMTN Transaction Documents or there is a breach by the Issuer of any terms of the IMTNs or under the IMTN Transaction Documents (other than an obligation of the type referred to in paragraph (i) above) or any other obligations specified herein) and in the case of a failure capable of remedy, such failure is not remedied within fourteen (14) business days of the occurrence of such breach or after the Issuer (as the case may be) is notified by the Sukuk Trustee of such breach, whichever is earlier, or such other period as may be agreed by the Sukuk Trustee, to the satisfaction of the Sukuk Trustee;

(iii) Any representation or warranty or statement made or deemed to be made by the Issuer (as the case may be) in the IMTN Transaction Documents or any other document or certificate delivered by or on behalf of the Issuer (as the case may be) under or in connection with any IMTN Transaction Documents is or proves to have been incorrect or misleading in any material respect on or as of the date made or deemed to be made where such incorrect or misleading representation or statement has or would have a Material Adverse Effect, and in the case of a misrepresentation capable of remedy, such misrepresentation is not remedied within fourteen (14) business days after the Issuer (as the case may be) becomes aware of such misrepresentation or is notified by the Sukuk Trustee of such misrepresentation;

(iv) Any step is taken for the winding-up, dissolution or liquidation of the Issuer, or any of the Material Subsidiaries (as defined in the section entitled “Other terms and conditions – Definitions”), or a resolution is passed for the winding-up of the Issuer of any of the Material Subsidiaries, or a petition for winding-up is presented against the Issuer, or any of the Material Subsidiaries, and the Issuer or the Material Subsidiary (as the case may be) has not taken any action in good faith to set aside such petition within thirty (30) days from the date of service of such winding-up petition or a winding-up order has been made against the Issuer or the relevant Material Subsidiaries;

(v) Where a scheme of arrangement under Section 366 of the Companies Act has been instituted against the Issuer;

(vi) An encumbrancer takes possession of, or a trustee, liquidator, receiver or similar officer is appointed in respect of, all or a substantial part of the business or assets of the Issuer or any of the Material Subsidiaries, and the Issuer or such Material Subsidiary (as the case may be) has not taken any action in good faith to discharge, or dismiss such appointment within thirty (30) days from the date of such appointment;

(vii) The directors of the Issuer have appointed a nominee for the purpose of or have entered into a corporate voluntary arrangement of the Issuer; or an application for judicial management order on the Issuer has been made by any party to the court;

(viii) The Issuer is deemed unable to pay any of its debts within the meaning of Section 466(1) of the Companies Act or becomes unable to pay any of its debts as they fall due or suspend or threaten to suspend making payments with respect to all or any class of its debts;

(ix) Any other indebtedness of the Issuer (as the case may be) becomes due and payable prior to its stated maturity by reason of a declaration of a default or a Dissolution Event, however described, or where the security created for any other indebtedness becomes enforceable;

(x) If there should occur any revocation, withholding, invalidation or modification of any licence, authorisation, permits or approvals that impairs or prejudices the ability of the Issuer to comply with the terms and conditions of the IMTN Transaction Documents;

There is a smart Zhuge Liang who just did a 'borrowing arrows with straw boats' maneuver.

Bursa just need to file an OS with the factual findings by KPMG and EY.

Voila! All the information is now made public by way of documents tendered in 'court proceedings'.

TheEdge can and did publish an article based on those public documents, with minimal risk of defamation action by Serba.

Al Jazeera, Bloomberg, Reuters, CNBC, CNN, etc can also now publish articles based on those factual findings. They can also visit the toilet cleaning companies that are allegedly owing billions to Serba.


p.s. Zhuge Liang was a bit cheeky and put in alternative pleadings in the OS. Those alternative pleadings, are unfortunately, giving false hopes to the Tanjung Rambutan kakis.


p.p.s The Tanjung Rambutan kakis have now spiraled into a 'disorganized schizophrenia' (Hebephrenia) condition and are now displaying:

- Loose associations: Rapidly shifting between topics with no connections between topics
- Perseveration: Repeating the same things over and over again
- Made up words that only have meaning to the speaker
- Use of rhyming words without meaning
- When cognitive disorganization is severe, it can be nearly impossible to understand what the person is saying.


i3lurker agree

in fact KPMG kept silent
and Serba BOD had umpteen press conferences and roadshows to tell the public that there were "findings"
so now public already informed of findings long ago right?

lolz

Posted by newtrader1989 > Nov 28, 2021 10:55 AM | Report Abuse

I agree with Serba on the fact that there is nothing material to disclose. Given that EY and KPMG findings are same, off course there is nothing new and material to disclose. Lolz.
28/11/2021 10:57 AM

Hope the first batch of INEDs who resigned will not need to wash backsides.

On second thoughts, hope is not a plan.

They would have become crown witnesses already.



i3lurker Did those Serba INEDs get legal advice?


After a full trial, the independent directors were sentenced to a jail term of one year and a fine of RM300,000 for furnishing misleading information to the stock exchange in 2007.

https://www.christopherleeong.com/media/4467/2021-08_the-enforcement-of-accounting-fraud.pdf#:~:text=Transmile%2C%20at%20the%20time%2C%20was%20an%20air%20freight,misleading%20information%20to%20the%20stock%20exchange%20in%202007

28/11/2021 10:33 AM

"Meanwhile, Serba Dinamik's Bahrain customer LATA International's commercial registration address brought the auditor to what seemed to be a worker's accommodation. The auditor also found it unusual that the fax number indicated on the official website of LATA was registered under the group's regional general manager."

------- Lata International Trading and Services - fake project -------

Serba 2017 Annual report listed Lata International Services Ltd as a client from UAE.

"Revenue generated in UAE grew by 35.67% from RM213.50 million in FYE2016 to RM289.66 million in FYE2017. This revenue was mostly generated from our EPCC contracts with Lata International Services Ltd which provides its services to local end user clients in the oil & gas sector."

But, Lata International does not exist in UAE. The company existed in Bahrain.

--->>> Serba got confused with the location of their fake projects!!!

(Reminder to Serba's PR: in your future employment, get the company names and country location correct before publishing in annual report or press releases.)

There is no company by the name of Lata International Trading and Services that is registered with the UAE's Ministry of Economy.

A search at the Bahrain's Commerical Registration portal returned a result.

The company LATA INTERNATIONAL TRADING AND SERVICES S.P.C. OWNED BY SAYED ALI MOHAMED BAQER ALAWI was established on 03/02/2016 and it's name was changed to LATA INTERNATIONAL TRADING AND SERVICES W.L.L on 01/12/2020.


Commercial Name (English) LATA INTERNATIONAL TRADING AND SERVICES W.L.L
Registration Date: 03/02/2016

Flat/Shop No.: 42 <<<-------- worker's accommodation?
Building:421
Road/Street: 1805
Block: 318
Town: MANAMA / ALHOORA
Email: s.3li.89@hotmail.com
Phone No.2: ( +973 ) 37774479

Amendment History

01/12/2020 CHANGE COM NAME
Old Name: LATA INTERNATIONAL TRADING AND SERVICES S.P.C. OWNED BY SAYED ALI MOHAMED BAQER ALAWI
New Name: Lata International Trading and Services W.L.L


Shareholders and Partners

Name (English) Nationality Number of Shares Ownership (%)

SAYED ALI MOHAMED BAQER HUSAIN ALAWI BAHRAINI 500 100


The website for Lata International Services Ltd , lataintl.com , was created on the 21st April 2016 and was originally hosted with Penang based Exabytes.

In 17 Sep 2019, lataintl.com's hosting was transferred to Penang based Yeahhost.

Due to some kay-poh chee's posting in klse.i3investor.com about lataintl.com being hosted with Malaysian hosting companies, the domain was transferred to GoDaddy in 3 August 2021.

Changes in lataintl.com DNS servers
22 Apr 2016
ns111.mschosting.com
ns112.mschosting.com

17 Sep 2019
ns1519.securen.net
ns1520.securen.net

3 Aug 2021
ns45.domaincontrol.com
ns46.domaincontrol.com

Source: https://completedns.com/dns-history/

Notes from the Bleak House


https://www.researchgate.net/publication/335962886_Proprietary_Remedies_for_Constructive_Trusts_A_'Commonwealth_Yardstick'_for_Malaysian_Courts

A proprietary remedy, if imposed, will have effects and implications on third parties. Whilst there are arguments that courts can consider when imposing a remedy of this nature when a constructive trust is used, it is important that any discretion is exercised based on guiding principles.

It is important to note that the English Courts, when allowing for a proprietary remedy have done so in recognition of an institutional constructive trust. That is the reason why a proprietary claimant will take priority over unsecured creditors (Goode, 2011).

In this light, Peter Millet had made if the discretion is done in accordance to settled principles, "… the grant of a proprietary remedy causes no injustice to the creditors of an insolvent defendant. The doctrine of English Law is that, proprietary remedies should be granted only in defined circumstances and then ordinarily as a matter of course, so that rights of property may be fixed and ascertainable in advance" (Millet, 1998).

It is interesting to note that the Australian position as discussed above also insists on caution when the courts are faced with a situation and that remedial constructive trust is not be used as the first remedy that comes to mind. There is no uncontrolled exercise of judicial discretion. The Australian Courts may have done so on a different basis, since constructive trusts in Australia are imposed as a remedial constructive trust.

It is well established that the Malaysian Courts have stated that in Malaysia, a constructive trust will be imposed as a remedial device. However, in light of the arguments shared above, it is important that the Malaysian Courts first identify the parameters of the exercise of any discretion or such a remedial device. It is humbly submitted that the Malaysian courts could use these views from academicians and cases across the commonwealth as a "commonwealth yardstick" when exercising discretion whether or not to impose a constructive trust whilst rearranging the perspective of the law to suit the Malaysian flavor and circumstances


i3lurker yes
you are right

Under certain circumstances, directors may be liable for debts incurred by the company when the company is unable to pay those debts, as and when they fall due (the company is insolvent). This is because one of the fundamental duties of a director of any company is to ensure that the company does not trade while it is insolvent



Posted by EVO118 > Nov 27, 2021 11:21 PM | Report Abuse

Also , I think there is a case for CBT to be file against all the Directors. First of all, the customer's money does not belong to you, you never delivered anything in return for their payment. This mean the money should have been held in trust and not be used to pay off your creditors. Secondly, if like Benyamin Ismail say "the company cannot afford refunds as it does not have enough cash flow", then why are they still allowed to operate. If a Director allows an insolvent company to continue then they are personally liable. Maybe there is some smart legal firm out there who might see the opportunity to organise a class action against all the Directors on behalf of all customers who have prepaid. According to Gunasegaram there is $500million of advance payments. I think there should be enough cut out of this to pay the lawyers. All the lawyers need is for all advanced payment customers to come to them to take this action. Better than $5 out of $1000.
27/11/2021 11:34 PM

--- The following is for Nexia because the following fictitious IT projects are not part of the SIR ---


"Serba's Indian Stories - Entangled Hands"

In 2021 SDITIL announced project with Captive Technology Solutions Pvt Ltd; and S2CIPL announced project with Analog and Digital Labs India Private Limited in India

Analog & Digital Labs' presence is at https://www.and-labs.com

"Analog & Digital Labs (A&D) is a Research and Development company headquartered in Coimbatore, which is committed towards innovation and revolutioning Traffic intelligence, IoT based solutions, Artificial Integlligence,Video surveillance and safe and security solutions in India.

Established in 2009

Our product division offers AI and IoT based products that helps you to overcome some of the key challenges in the field of Intelligent Traffic Engineering and Law Enforcement Solution"

Captive Technology Solutions Pvt Ltd does not have any web presence

Captive Technology Solutions Pvt Ltd is never registered as a company in India

There is a company named Captiv Techno Solutions PVT LTD that was established in 11/12/2020.
(Note to Serba's PR: in your future employment, get the company names and country location correct.)

Captiv Techno Solutions PVT LTD shares the same directors as Serba2C India Private Limited

SERBA2C India Private Limited (S2CIPL) was registered in Tamil Nadu on 11/02/2021

Analog and Digital Labs is allegedly already in the business of traffic management, CCTV and surveillance solutions

But Serba ('S2CIPL') will be allegedly supplying CCTV and surveillance solutions to Analog and Digital Labs

Accumulated receivables for clients in India is RM59.529M
FYE 2019: RM16.555
15 months ended 31-03-2021: RM42,974M

--->>> A total of RM59.529M has to be written off because it's impossible to collect from non-existent companies; a company will not pay for invoices for products and services that the company itself is a supplier; and it is illegal to create fictitious transactions with left-hand right-hand companies without genuine exchange of goods or services


CIN: U72500TN2021PTC141351
Company Name: SERBA2C INDIA PRIVATE LIMITED
Registration Number: 141351
Company Category: Company limited by Shares
Class of Company: Private
Authorised Capital(Rs): 1000000
Paid up Capital(Rs): 100000
Date of Incorporation: 11/02/2021
Registered Address: 2A, SARAYU APARTMENT, S26, SASTRI NAGAR 1STAVENUE ADYAR CHENNAI Chennai TN 600020 IN
Email Id: datodrmakb@gmail.com

Directors/Signatory Details
DIN/PAN Name Begin date
06904112 CHANDRASEKAR 11/02/2021 <<<----
07988047 MOHD ABDUL KARIM BIN ABDULLAH 11/02/2021
08365822 KALAIKOVAN ANTONY 11/02/2021
08993463 PALANISWAMY VELVADIVU PIRIYA 11/02/2021 <<<----


CIN: U72900TZ2020PTC035188
Company Name: CAPTIV TECHNO SOLUTIONS PRIVATE LIMITED
Registration Number: 035188
Company Category: Company limited by Shares
Class of Company: Private
Authorised Capital(Rs): 1000000
Paid up Capital(Rs): 100000
Date of Incorporation: 11/12/2020
Registered Address: C-12, SAKKARAI CHETTIYAR NAGAR, UPPILIPALAYAMPOST, COIMBATORE SOUTH COIMBATORE Coimbatore TN641015 IN
Email Id: piriya.venkat@gmail.com

Directors/Signatory Details
DIN/PAN Name Begin date
08993463 PALANISWAMY VELVADIVU PIRIYA 11/12/2020 <<<----
08993464 JEYALAKSHMI CHANDRASEKAR 11/12/2020 <<----

--->>> The client directors (PALANISWAMY VELVADIVU PIRIYA and JEYALAKSHMI CHANDRASEKAR) are also directors of SERBA2C INDIA PRIVATE LIMITED