biz within biz within..as long as public funds are not Abuse..and being used..... u can do whatever u wants....hahaaa

history footprints as guide...u never be astray

trade on own decisions.....hepi trading

we forum here facts and reality..not fictious.... trade on in decisions..make a wise move....

worst

let the market forces dictate the outcomes of SE...so many helpful hand already rendered..but outcome..same no difference gwtting wirst

history is about to be repeated if if.....same approach is taken likely....Felda says Najib cheated it into investing billions in Indonesian firm owned by tycoon friend
FMT Reporters -April 9, 2019 10:17 AM

Peter Sondakh owns Indonesia’s Rajawali Group.

PETALING JAYA: Felda lodged a police report yesterday claiming it was cheated by Najib Razak into investing US$505 million (RM2.3 billion, according to Felda) in an Indonesian plantation firm owned by a friend of the former prime minister.

In the report lodged at the Dang Wangi police headquarters yesterday, Felda director-general Othman Omar said the amount paid to acquire a 37% stake in Eagle High Plantations TBK (EHP) was 344% more than its actual value of US$114 million.

EHP is part of the Rajawali Group owned by Peter Sondakh, whom Othman said was close to Najib.

He said *Felda took a RM4.8 billion loan to finance the deal from GovCo Holdings Bhd (GovCo), a subsidiary of the finance ministry then headed by Najib.*

“Following the purchase by Felda at RM2.3 billion, it suffered losses when the value as of last month was just RM555 million,” Othman said.

He said Najib had in 2015 directed Felda through its *special purpose vehicle FIC Properties Sdn Bhd to invest in EHP, after earlier approaching Felda’s FGV Bhd as well as the Malaysian Plantation Oil Board (MPOB) and Malaysian Rubber Board (MRB).*

Othman said the deal, signed by then-Felda chairman Isa Samad, was “one-sided” and “risky”, adding that EHP had debts of US$547.4 million in 2014 and liabilities of US$676.9 million in 2016. Eye opener similar route of SE saga proposals of bailing iut...

his own famous words..hahaaa

later bossku plan.. SE will improve..then make monies tgen we sell back SE at profits..thats hus own famous words in the debate hahaaa

small matter for Bosku to bail out personnaly SE as his wishes......

bossku can give bond guarantee ..small matters..but Not abuse of public funds....hahaa look here .Aabar had earlier assisted 1MDB Energy and 1MDB Energy (Langat) Sdn Bhd to obtain the bond guarantee from the International Petroleum Investment Company (Ipic).

Wedani also told the court that a sum of US$620 million from Najib’s previous account, ending with “694”, was transferred back to Tanore Finance Corporation.

She previously told the court that a total of US$669.8 million comprising funds from Tanore, Prince Faisal Turki Al Saud, and Blackstone Asia Real Estate Partners was deposited into Najib’s account ending with “694” from 2011 to 2013.

serious intervention should hve been done in 2015.....restrategise and replanning position..if the risk committe have been doing its job properly..all this catastrphic could hve been averted... monies for nothing ..sitting in the board . ? committee asse

no monies even talk bigs wont do any goods... only paperworks on agendas...to full fill SC statuory regulations anr listing company ruling

what to expect out of AGM? pay more bonuses to top gunners???

run bz on losses..put in $ still debt laden..illogical run contracts at losses..yet top gunners fat.. better close shop rather than ma ipulative snd misleading investors

goodwll bz hard to works...sorry

se talks big but no contents..of value

SE...no life..on machine

..Doing bz on goodwill not very promising...fundamental need to be strong footing, real and achievable. Hoping hoping for a supertanker sinking ship to remain afloat is mammoth task...compny value NTA 0.02 cents yet talking of billions projects or even millions are hard to believe..but make to believe yesss...last last hopeless...expectation now 1. SOA to materialise 2. Extended RO to protect SE temporarily fm winding up processes till mac 2023

Negative comments v facts v positive comments....... Views and perceptions each of us looking at SE.... Why troublesome reading and knowing the info.....

SE too will not be spared.... too much political goodwill intervention spoil the bz...the market force should dictates SE fate

.The Court further granted an order on 8 June 2022 by which the Creditors of each Applicant are required to submit their respective proofs of debt (in the form prescribed in the respective notice issued by such Applicant to its Creditors) on or before 30 June 2022.

get tenders..later sell back project with commission..easy monies.....similar to project 200 poles costing $30 millions ..to scib....same no difference..again politik bz

just to give impressions to funders/ bankers pump in more $... its undestood...bz politics. irony..the present debt billions and ttrmed payment defsilts... gor ever..unsustainable bz model.... breakeven .period too long....yhe longer..more interest..bankers too uneasy with extended and prooong paybak...

stay tune 30 Jun for bankers funders to present their demands and their monies..fm SE.......not to say 3000. vendors still closely askibg their monies to ..gowww?

if good we say good if bad why should we say good..its cheating and misleading...performance based outcome with rou..not zombie roi

cicakman...wise man of wise soft reminders..tq lizardman

whatever it is...9 months of cat and mouse gaming.... jolly good... touch and go ..where possible looking for gold in the debris of huge laden nearly collapse building of fortune.....of debt...be mindful...it can be dancing with the zombie toooo debris o

simply look at compny track records....

touch

its about doing business for profit..good ROI performance output based. and NOT on news mou and goodwill bz..die nan die licve in practical world not zombie world

fell on sweetners of zombie..... stance holding fast.. performance...enjoying cool kickapoo ferringi beach

Ironshirts...agreed to your analysis....great englightening..but as usual..facts are hard to digest or even rationalise honestly..hooing hoping hoping and fell onyocsweetbers of zombie... we stance holsing fast to output based perfirmance no Harry potter stories of bokeh land

too.much of futuristic stories then factual real bz... unprofitable and broke...be honest..trying to po rtray to funders for more $ injections by mou, news of billions projects...reality.....nta 0.02 cents...die man die

hoping for .... foggy future..finger shaking

NTA 0.02 cents...worth of a company...o

relaxing at Feringgi Beach..enjoying pasembour..nasi kNdak penang..marbeles

Bilis turning to become baby sharks if cannot be big sharks.....but big whale still rroaming to eat small bb sharks..tender meat

Cicakman...winning idioms...nicely said hammered the nails on the head.....

'The logic is if you don't trust the ppl who do know,then why you should trust who try to cheat you..

Ironshirt...ur, comments...verY valid...
Posted by IronShirt > 42 minutes ago | Report Abuse

438.4mil shares bought by someone cannot be Bankers!!! I have asked around. Bankers cannot Buy PN17
shares as mandate by Bank Charter --Risky Asset. There 2 possibility who is the Buyer. 1) Investment Banker
sub-contract to Third Party Goreng Master... 2) an organised group of Sharks preparing for a Big feast ( usually
these people has reliable Info.---30-40 mil Bet no joke )


But againeven winding up agony ppl still chasing ..... cannot Brain..... the matching........ facts are hard to digest... bz world full of magic wands of harry potter..bilis followed..cornered till suffocated ....slaughtered no mercy ..

hshaaa... ghost everwhere.. the trending last 10 minutes..interesting..waiting game....khinking and tight corner turn...goo for it join the crowd

legacy contract?... of not profiteering.....even burning cash flow..yet more contracts claimed to be awarded..howw..assets hokding trade off for debt clearnace..how

touch and go ..likely..but holding die man die....

fingers shaking......happy weekend...

awarded billions of projects...irony no monies... laded with billions of debt, funders and vendors chasing , ...same magic illysions snd sweetners alike..cannot brain what kibd of business model is this..even ny study at Oxford never taught me lije thisss hahaaaaaa

Details pls help uself for bfast here.... https://www.freemalaysiatoday.com/category/nation/2022/06/13/company-sheds-light-on-rm30mil-lamp-post-contract/

hahaaaa

13 jun 2022.... Eye opener of whats going on in corporate world.. 200 lamp posts cost Rm30.7 mil....PETALING JAYA: Ennova Sdn Bhd has sought to clear the air over the RM30.75 million contract to replace 200 lamp posts in the Klang Valley, stating that the project’s funding had “nothing to do” with Kuala Lumpur City Hall (DBKL).

Ennova chief operating officer Megat Rozaimi Jaafar said the project was privately funded by his company which had hired Sarawak Consolidated Industries Bhd (SCIB) to carry out the work at its own cost.

....... sounds similar swetneers too here of the sane...

sailang..u got very strong valid points and facts...mny still daydreaming...hoping ...die man die..it does not work that way...do not be a loser...for putting tour keg in hell of zombiecworld unkess u prwfer too hahaaa

In a report 17 Jun 22, JF Apex noted that Sapura Energy has secured six contract wins in the Asia-Pacific and Atlantic regions, with a combined value of RM2.7bil.

true.......again same script? just to show to funders ..to convinced funders for more $... just the same as PNB was cornered in 2018 for acquisition of 39.6% stakes in SE...what happens then????......nothing worst more deep laden debt.. Top gunners exit jump boat....

it can be foresee further selling pressure[on Sapura Energy and it happening ..facts is SE in distress and urgency mode to sell assets , Timeline to review covenant waivers is nearing..passed by... yet extended.. time buying .. likelihood of selling assets at a decent price, continued losses, and potentially lower leverage to renegotiate covenants after changes in key personnel... again and again

While developments are on going .it may be choppy, assume a worst-case bankruptcy scenario....coming