Pity kj????
Most likely kj is a billionaire.

qqq3,
Mind telling me which parts is falsehood when what I disclosure is made in good faith based on reasonable grounds as what is espouse by HRC WHISTLEBLOWING POLICY

https://klse1.i3investor.com/blogs/Sslee_blog/2023-01-28-story-h-300050728-HRC_My_official_report_to_HRC_in_house_Board_Whistleblowing_Committee_D.jsp
HRC: My official report to HRC in-house Board Whistleblowing Committee (Draft)

Again someone with ID Mikecyc can't provide me with someone's post "Someone is posted sslleee cousin is Xinquin Auditor" That prove MM might be right about someone with ID Mikecyc.

Posted by MoneyMakers > Jan 26, 2023 9:41 PM | Report Abuse
Aiyoyo crazy mike caught lying again
Never see such crazy liar..most people lie/misinfo 2 support own stock bias
But this crazy mike lie/simply create fake story about people - totally no purpose aiyoyo

Mike,
In that case can you reffered me to someone post that you mention by, "Someone is posted sslleee cousin is Xinquin Auditor"

As far as I know no one posted sslleee cousin is Xinquin Auditor except someone with ID Mikecyc.

Mike,
You can ask CharlesT directly and if I am not mistaken he is saying KYY said, "his cousin is Xingquan External Auditor"

Do you notice NAPS:
Q1 RM 6.628
Q2 RM 5.255
Q3 RM 4.428.
Guess what will be Q4 NAPS?

Any new shareholder with holding above 33% threshold will need to offer MGO.

qqq3,
Your 3.50, my advise is do not sitting too long on profit and waiting for a good time to sell.

Posted by BobAxelrod > Jan 26, 2023 4:40 PM | Report Abuse
And Sslee, as you're the 30th largest shareholder of Insas, I urge you to read again the Listing Requirements of PLC, Bursa's Roles and SC Rules and Listing Regulations.

Also, have more lunches and spend some time with lawyer friends, it would help you tremendously in future

@BobAxelrod,
Your advise is well received and noted with thank.

I wrote the below blog in year 2019 in response to someone calling for capital punishment for pump and dumpers on varies law and investigation agencies.

https://klse1.i3investor.com/blogs/Sslee_blog/2019-02-07-story192627-The_lack_of_deterrent_sentencing_for_white_collar_crime_Whose_fault.jsp
The lack of deterrent sentencing for white collar crime! Whose fault?
Author: Sslee | Publish date: Thu, 7 Feb 2019, 6:13 PM

By the way I will politely ask Bursa and SC legal department to give their legal advise to the ex-employee who email me on being victimisation by the HRC inhouse whistleblower committee.

BobAxelrod Certainly you have your Rights as shareholder to lodge Complains. But it would be wonderful to see the HY whistleblower Dept work against its BOD's interest to make and take all precautions to Report their Company's health under full Accounting Records and to the best of their abilities.......with Audited and signed verifications.

Your above can only happen if the whistleblower committee be headed by a Malaysian independent director with senior Malaysian managers as committee members to investigate the malpractice, impropriety, misconduct or omission at the very top level.

The current whistleblower committee head and committee members are bias in favor of those top managers from mainland China and for the interest of the mainland Chinese controlling shareholder.
Hence you cannot expect any justice from current whistleblower committee.

For your information I cannot just standstill and do nothing when this mainland Chinese just because they hold a controlling shareholding of 51% they are free to do anything that detrimental to the minority shareholders, employees, company and our country interest.

By the way depend on the information or evident provided, Bursa can up to their discretion forward the complaint to relevant agencies for investigation and action.

HRC WHISTLEBLOWING POLICY

The Policy is designed to enable employees of HRC, employees of HRC’s contractors, vendors and customers and members of the public to raise genuine concerns at a high level which the individual believes shows malpractice or impropriety.
Such Improper Conduct includes the following: -
(i) Financial malpractice or impropriety or fraud;
(ii) Serious non-professional or non-ethical behavior;
(iii) Breach of Confidentiality;
(iv) Misuse of HRC funds or assets;
(v) Criminal activity;
(vi) Attempts to conceal any of these above; and
(vii) Any other conduct which may cause loss to HRC, or otherwise be detrimental to the interests of its shareholders and the public.
The above list is not exhaustive and includes any act or omissions, which if proven, will constitute an act of misconduct under HRCs’ Code of Conduct, General Business Principles

I as members of the public and shareholder have my right to raise genuine concerns at a high level which I believes shows malpractice or impropriety, which may/had cause loss to HRC, or otherwise be detrimental to the interests of its shareholders and the public.

Just send out below email.
Dear Manoj Devadasan,

Thank you very much for your meeting invitation and I truly enjoyed our meeting today.

I truly appreciate your and your team's explanation that information on detail refinery margin, retail margin and biodiesel margin are dependent on many factors and sensitive in nature. I am grateful for your explanation that although Petron Malaysia does not have a formal dividend policy, past action on dividend given speaks louder than any word/policy.

It is my hope that this year's dividend should be better than last year.


Thanks and Best Regards
Lee Soon Sheng


Dear Bursa,

I now have no more issue with Petron Malaysia but I take offence on the fact that Kananga IB’s unprofessional conducts of not engaging with investing public nor Petron Malaysia Management to make amendment to their incomplete/half past six analysis article on Petron Malaysia Refining - A Crack Spread Refinery Play: Dated: 27 October 2022

Thank you

Best Regards
Lee Soon Sheng

Just send out below email.
Dear Manoj Devadasan,

Thank you very much for your meeting invitation and I truly enjoyed our meeting today.

I truly appreciate your and your team's explanation that information on detail refinery margin, retail margin and biodiesel margin are dependent on many factors and sensitive in nature. I am grateful for your explanation that although Petron Malaysia does not have a formal dividend policy, past action on dividend given speaks louder than any word/policy.

It is my hope that this year's dividend should be better than last year.


Thanks and Best Regards
Lee Soon Sheng


Dear Bursa,

I now have no more issue with Petron Malaysia but I take offence on the fact that Kananga IB’s unprofessional conducts of not engaging with investing public nor Petron Malaysia Management to make amendment to their incomplete/half past six analysis article on Petron Malaysia Refining - A Crack Spread Refinery Play: Dated: 27 October 2022

Thank you

Best Regards
Lee Soon Sheng

Tun M is Malay First and Moo/Sabri try very hard to imitate Tun.
Tok guru is religion first and Hadi turn it into Islam first.
LGE try very hard to be Malaysian first but fall short as arrogant.

Our current PM DSAI walk a tight rope as Malaysian first and also religion of all faith first.

It is about time now we need color blind leaders and citizens to reset and rebuilt Malaysia

Most likely Q4 Oct, Nov and Dec will still be a loss quarter.

Kalau tak lari matiloooooooh (Zhulian dividend trap)

Posted by DividendGuy67 > Oct 15, 2022 5:34 PM | Report Abuse

After its Q3/2022 quarterly report showing YTD Operating Cashflow of only 16m, market sentiment has changed and now becomes fearful, so, I think we may have seen a peak, unless next quarterly report can show substantially higher Operating Cashflow. Zhu Lian's yearly dividend payment cost is around 78m, to maintain its high dividend. If you linearly extrapolate 16m to full year, that is only 22m so, it will have to dip into its Net Cash chest. If you look at its Net Cash recently, it continues to decline as it dips into its Net Cash. So, you have to be confident that Zhu Lian can stop its Net Cash from declining, else, soon, it will have to cut its high dividends as it is not sustainable to keep paying 78m in dividends every year when operating cash inflow is much smaller. I suspect this stock can keep falling before it gets better, unless somebody knows that its underlying business will turn around. It's not fully without risk. Looking at its business, 37% revenues from Food and Beverages, 26% Health Nutritionals, 18% Personal Care, 10% jewelry, 9% others. The Covid pandemic has hurt its business, some temporary, some permanent because of consumer shifts to online purchasing. 70% of its revenue is exported to Thailand. So, hard to get an edge here and most players look at the Operating Cashflow as proof of a turnaround. The comparable number of this year's 16m is last year's >100m Operating Cashflow, so, that's a big big drop from last year. Even net of cash, based on last year's earnings, the business is priced at a P/E of 15 at RM1.91, meaning if this doesn't grow, then, it's rather expensive. I think this is why market doesn't know and price has been sideways range for 18 months. I like to think the next direction is up as Operating Cash of 16m is already so low, but who knows ... if that number keeps staying low, price can fall. Because of the uncertainty, a dividend investor's protection is to keep the total ownership of Zhulian to a small % of its portfolio, so that poor returns will not significantly impact one's dividend's portfolio.


Goodprofit
983 posts
Posted by Goodprofit > Oct 28, 2022 6:17 PM | Report Abuse

sooner or later price sure fall due to now at moment no new products

Director's Particular:
Name DATO' DR IR TS MOHD ABDUL KARIM BIN ABDULLAH
Details of Changes:
Currency -
Date of Change Type Number of Shares Price
20-Oct-2022 Disposed 50,000,000 0.015
Registered Name Dato Dr Ir Ts Mohd Abdul Karim Bin Abdullah
Nature of Interest Direct Interest
Consideration RM0.015
Nature of Interest Direct Interest
Shares Ordinary shares
Reason Disposal of 50,000,000 ordinary shares via off market transaction
Consideration -
Total no of securities after change
Direct (units) 538,599,540
Direct (%) 14.52
Indirect (units) 0
Indirect (%) 0.00
Total (units) 538,599,540
Total (%) 14.52
Date of Notice 25-Oct-2022

Dr.K last disclose on 25 OCT 2022 and by the time at 2 Dec 2022 his holding is 100,044,670 or 2.684187 %

Is this an offense under Bursa Rule and Regulation on disclosure of shareholding when you sell down from 538,599,540 or 14.52% to 100,044,670 or 2.684187 % without notification to Bursa?

LIST OF TOP 30 INVESTORS As At 2 Dec 2022
No Name Holdings Percentage (%)
1 ABDUL KADIER SAHIB 604,124,290 16.208586
2 STATE FINANCIAL SECRETARY SARAWAK 159,500,000 4.279367
3 MOHD ABDUL KARIM BIN ABDULLAH 100,044,670 2.684187

Just wonder did Dr.K clear out his last 100,044,670 unts during the past 3 special days all must go house clearance sales?

So good luck to all those still holding Serbadk. You need to pray really hard for miracle to happen.

https://klse.i3investor.com/servlets/stk/annchdr/5279.jsp

If you look into the directors holding transaction disvlosure and DiSTRIBUTION SCHEDULES OF EQUITY As At 2 Dec 2022 .
Dr. K not even care to disclose his disposal anymore.

https://klse.i3investor.com/servlets/pfs/120720.jsp?stockName=SERBADK

See how Philip response when he finally realise Serbadk is an accounting fraud case of epic proportion.

MoneyMakers Crazy mike doesnt care stuck high 44 flr
Poor people lose money - still poor (no difference)

Now I can understand why MoneyMakers say poor people remain poor.

Posted by Bradar > Jan 17, 2023 9:29 AM | Report Abuse
Bro. I beli laa. Consider as my CNY gamble. 1.5 maybe can become 25cts. Exceptional case for SD.

Guess who is that one person holding 604,124,290 units or 16.208586%

Or are you one of the 17,841 nominee account holder, holding 945,853,659 units or 25.377146%

So are you one of the 42,575 individdual holding 2,538,024,198 units or 68.094901% ?

Leave with only 3 Government agencies/Institutions holding 180,526,900 units.

DiSTRIBUTION SCHEDULES OF EQUITY As At 2 Dec 2022
Distribution Group No. of Holder No. of Units Percentage (%)
1 to 99 550 17,856 0.000479
100 to 1,000 7,344 4,928,501 0.132231
1,001 to 10,000 28,065 148,099,332 3.973488
10,001 to 100,000 20,509 714,813,656 19.178369
100,001 to < 5% of
shares 4,159 2,255,203,243 60.506847
5% and above 1 604,124,290 16.208586
TOTAL 60,628 3,727,186,878 100.000000

OWNERSHIP ANALYSIS As At 2 Dec 2022
Distribution Group No. of Holder No. of Units Percentage (%)
Individual 42,575 2,538,024,198 68.094901
Body Corporate 0 0 0
Bank / Finance
Companies 6 533,830 0.014323
Trust / Foundation /
Charity 5 543,000 0.014569
Private / Public /
Partnership Limited
Co.
198 61,705,291 1.655546
Government agencies
/ Institutions 3 180,526,900 4.843516
Nominee Company 17,841 945,853,659 25.377146
TOTAL 60,628 3,727,186,878 100.000000

https://klse.i3investor.com/blogs/Sslee_blog/2021-05-07-story-h1564320380-JAKS_What_should_I_response_Any_advice.jsp

@Phoebe,
You can read the above blog to form your opinion is disposal of 51% JIC to ICD for RM 1.00 is actually to get ICD free of its 49% JIC net liabilities compare to recapitalise JIC?

The more I read to understand what actually icap mean by liquid the more I get confuse. That show how good icap in confusing people.

Phoenix need to be burnt into ash (hagus) and then you need to pray hard and hope upon hope miracle happen and Pheonix reemerge from the ash.

Meanwhile Dr.K enjoy his ill gotten wealth and who know like a Phoenix he will raise from the ash and set up another company in his adopt country in Dubai.

Court impose winding up because under previous judicial management application, Serba Dinamik said that it is eager to pay the creditors, but nothing came out of that, with the group failing to pay the creditors on Aug 31 and at the end of 2022.

If investment can be so simple, then I should be rich holding Insas:

Insas FY 2022:
Dividend income: RM 62,339,000.
ICL revenue of RM30.9 million and pre-tax profit of RM22.3 million in FY 2022
M&A pre-tax profit of RM22.8 million

As at 30/9/2022
NAPS RM 3.35
Deposits with licensed banks and financial institutions: RM 757,724,000 which earned interest income: RM 5,130,000 in Q1
Cash and bank balances: RM 180,113,000
Still holding 537,008,575 units of Inari.
Financial assets at fair value through profit or loss : RM 216,578,000

Buying icap share is easy but to sell and make profit is hard.

A stock's liquidity generally refers to how rapidly shares of a stock can be bought or sold without substantially impacting the stock price. Stocks with low liquidity may be difficult to sell and may cause you to take a bigger loss if you cannot sell the shares when you want to.

So is icap right in saying:
To buy 23% plus of any listed company without moving its share price shows how liquid ICAP shares really are and how easy it is for ordinary investors to buy lots of ICAP shares. See it this way - try to buy 23% of Hap Seng Consolidated and see how high its share price would skyrocket.

All the 51% subsidiary companies were so designed for profit sharing with the 49% private holders if there are profit to be made but losses is totally bear by Jaks.
Many more impairment of goodwill and receivables for many years to come.

ICAP motto, "If you can't convince them, then confuse them".

In any other public company if you buy up to 10% you can ask for a Board seat. In Icap they actually ask you to fxxx off if you owned more that 20%. See the different.

By the way did anyone complain buying ICAP shares is difficult??
I too wonder who created this falsehood? And why? I can only guess self praise is no praise at all.

RM'000
Revenue 1,352,222
Cost of contracts with customers (1,618,139)
Administrative expenses (220,166)
Impairment of trade and other receivables (393,205)
Other operating expenses (25,572)

Do you beleive if I told you, I am here to advise those wanted to bet RM1,000 in Serbadk to better use the money and treat their family to a dinner.

The only way to escape the full force of the law is to perlong the saga and hoping the external auditor will signed off the AR with big losses to cover the book cooking profit of the past many years.

Whatever CCP do in China is their internal affair and history will judge CCP whether they are right or wrong.

But one thing for sure China development, wellbeing of its citizens had progressed/improved by leaps and bounds in just a period of a single generation is historically unprecedented

3iii,
Serbadk case is accounting fraud, it mean the liabilities are real but the assets are fakes.

So there is no hope of any regularisation plan forthcoming. Your serba holding will become zero. Period.

Previously when I am in Malaysia I can just call up Bursa Vice President of surveillance for a meeting to follow up with my case. But ever since he was acid attacked by hired hand, Bursa had tighten the control as every email can only address to Burs/SC official channel and your follow up email will received standard reply with another ref/case number.

Crime does pay in Malaysia.

Xingquan
The SC reprimanded Xingquan, its Executive Chairman and CEO Dato’ Wu Qingquan, Executive Director Wu Lianfa, former Non-Independent Non-Executive Director Ng Sio Peng and former Senior Independent Non-Executive Director Zhou Liyi for: falsely recording a loss of RMB415.7 million from the sale of inventory by Xingquan’s wholly-owned subsidiary;furnishing to Bursa Malaysia a false agreement between the said subsidiary and a third party; furnishing false or misleading financial statements to Bursa Malaysia; and recording cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.

In addition, Wu Qingquan and Wu Lianfa were also reprimanded for failure to provide a response to the SC when served with written notices requesting for information.

So a fine/reprimand which the offenders not even care to pay/response is considered justice done?

By the way qqq3, forging bank stetement is a crime in China and the external auditor got all the hard evedent of all those forged documents of those Red Chip companies.

MoneyMakers Crazy mike doesnt care stuck high 44 flr
Poor people lose money - still poor (no difference)

MM is right those just spare RM1,000 to bet on Serbadk (no difference)

Me I just want to see justice being done.

The add salt to injury SC/Bursa will give you their reference or case number but no way you can check the status of your case.

Dear Sir/Madam,

Reference is made to your email on the above matter.

We have forwarded your email to our line department for their attention.

Thank you.

Bursa 2U
Bursa Malaysia Berhad
Our Ref: CAS-28033-Q9K5C1

Posted by qqq47660 > Jan 15, 2023 8:28 AM | Report Abuse
What communism,? Serba is fraud case

qqq3, So are Red Chips companies in Bursa. And for reasons only known to Bursa/SC/AG none of the fraudsters were bronght to Malaysia court to face justice.