Sadly I can think of only one reason a Bank would lend such huge sums unsecured to a single borrower. I wonder what they did with the coffee money in HK.

That why EPF are selling! Sadly I can think of only one reason a Bank would lend such huge sums unsecured to a single borrower. I wonder what they did with the coffee money in HK.

Johan has targeted to commence the commercial production of a glove manufacturing plant in Perak by end-November 2021.

“To whom will Dynacare sell its gloves to? How does it compete with other glove producers amid the current lower average selling prices and influx of gloves supply in the market?” asked MSWG.

Johan will stage its 96th annual general meeting (AGM) virtually on Jan 20 (Thursday) at 11am.

The shareholder activism group is also curious as to how much Johan has invested in the glove business as preliminary reports stated that its manufacturing plant would cost RM624.1 mil which upon completion would house 42 production lines.

“Does Johan plan to tap into equity financing to fund the new business? To recap, Johan had completed a rights issue exercise in July 2021 and raised RM38.93 mil to fund the glove business,” asked MSWG.

“How long will it take for Dynacare to achieve breakeven from its investment?”

No update news at all from AGM just some info on payments to Directors. Johan Holding management where are you, what's happening with your glove business shareholders would like to know? BLACK HOLE

Can anyone tell us how JHB responded to the questions put by MSWG at todays Johan Holdings AGM today?

JHB AGM is tomorrow. Hopefully we will get good new on the "huge" Glove business, or a lot of excuses why not.

Johan Holdings’ subsidiary Dynacare SB has rolled out its first commercial glove production of its first high capacity double-former dipping line at its plant in Perak on Nov 27. Johan Holdings said Dynacare had completed its acquisition of the 71,980 square metres of land in Lumut Port Industrial Park on Nov 26 this year. The land has been utilised as the company's glove manufacturing plant. "All approvals for the manufacturing and export of gloves have been obtained. Dynacare is expected to commission subsequent dipping lines in stages with a total of six dipping lines in commercial production by Feb 2022," it said. (Business Times)

Just remember who is in control! Beware

Lim resigned as Tropicana Chairman as a result of Tropicana buying shares in his company Top Glove at his behest. Lim and his team of directors improperly abused their position of trust and bought the shares to help Lim shore up the price of falling Top Glove share price. You may recall independent Directors properly resigned over the matter at the time and I for one salute their honorable protest.

Tropicana had no business buying the shares in Lims Top Glove a business that is entirely different than that of Tropicana's. Worse Tropicana used borrowed money to do it. Subsequently Tropicana has suffered a huge loss on the shares improperly bought and still has the borrowings to repay. Lim improperly used Tropicana for his own benefit and purpose at the cost of minority shareholders.

Lim rightly has resigned, but now so to must the sycophant Directors that supported Lim.

Lim and his supporting Directors are responsible and they now need to put this matter right by not only resigning (which does not cure the damage done to Tropicana) by refunding Tropicana for the loss including interest and loan costs. Lim and his sycophant Directors must make good their wrong and put things right. Your reputations are on the line.

Fly JHB ...fly high.

Terminating contracts to bury past wrongs and not disclosing proper details and paperwork to the Auditors is just plain wrong. If nothing is wrong, if no thieving, no fraud then why no proper paper trials, why not fully disclose?
Anyone who has worked in a Public Company will know that contracts and movement of large sums of money in or out that there is no such thing as no proper paper trail! Any payments or receipts big or small will need multiple layers of checks and authorizations. Any contracts signed will properly go through lawyers and due diligence processes all properly documented and recorded if not then assumption is that the transaction involves its a theft or fraud.
Being unwilling to disclose, or hiding/destroying the paper trails will Inevitably mean the Auditors will not be satisfied with the accounts, and result in a qualified Auditors opinion. In this case the Auditors are waving a huge red flag.

If it looks like fraud, and it smells like fraud, then stay away from it.

Terminating contracts to bury past wrongs and not disclosing proper details and paperwork to the Auditors is just plain wrong. If nothing is wrong, if no thieving, no fraud why no proper paper trials, why not fully disclose? Anyone who has worked in a Public Company will know that contracts and movement of large sums of money will know that there is no such thing as no proper paper trail! Any payments big or small will need multiple layers of checks and authorizations. Any contracts signed will properly go through lawyers and due diligence processes all properly documented and recorded. Being unwilling to disclose, or hiding/destroying the paper trails will Inevitably mean the Auditors will not be satisfied with the accounts, and result in a qualified Auditors opinion. In this case the Auditors are waving a huge red flag.

If it looks like fraud, and it smells like fraud, then stay away from it.

https://www.theedgemarkets.com/article/serba-dinamik-slips-pn17-status-auditor-expresses-disclaimer-opinion-accounts

https://www.theedgemarkets.com/article/serba-dinamik-slips-pn17-status-auditor-expresses-disclaimer-opinion-accounts

You think Banks for free recommend stocks to make you rich? Please la get a brain, they only recommend stock they are trying to unload, or in companies that owe them money.

NTA 21.6c, consensus Target Price 29c, I'm accumulating. 300 to 400% upside with a bit of patience, and I fee there is little to no downside.

Div announcement due 2nd Feb. MOF flip flops show higher stamp duty increases are not cast in stone. MOF may yet wake up to the fact that the proposed stamp duty increases are counter productive to Malaysia's financial wellbeing.

Woodswater. They just paid a div (Dec 31st). The next 1/4ly dividend is due at end of March, its likely to be announced in February, I expect 1.65c or better.

SD hires expensive lawyers for all its criminals. Shareholders will be delighted in having what little cash is left in their company after all the looting being spent on very expensive lawyers to act for the looters.

https://www.theedgemarkets.com/article/petronas-denies-collaborating-serba-dinamik-draw-investments-expo-2020-dubai

Wonderful, have an exposed Conman already charged with fraudulent misrepresentation waiting trial and jail representing Malaysia a a world Trade Fair in Dubai! I'm sure Malaysia will be proud to have such an infamous eminent person fronting representing Malaysia. Perhaps we should send Najib and his partner Joe Low as well to ensure Malaysia becomes even more famous than Nigeria as the No.1 country for corruption and scams.

Josepan; you must know the assets (such as they) are used as security to lenders. Shareholder's and suppliers are not secured.
If after the secured lenders have been fully repaid their loans with interest and costs, only then if anything is left (unlikely) the next to be paid are the hundreds of traders/suppliers.
Only after all debts have been settled in full and costs paid will the balance if any be distributed to shareholders and I suspect that after repayment of outstanding loans and bank advances and trade Debtors there will be nothing left. In fact even secured lenders will likely take only get cents on the dollar and have to take huge haircuts as the companies reported value of Assets are most likely largely non existent all made up with fraudulent invoices if Karims reported activities in SD are anything to go by. Traders and suppliers (if they can prove their amounts) are highly unlikely to get even cents on the dollar. Shareholder Bilis who are the owners of the company get to to be fried.
The real shame is that the Authorities sat back for so long allowed Karim to cash out before he ran with the lootings of his frauds.

The of massive lawsuit by Serba Dynamik has evaporated with the arrest of Serbaks executives and a warrant of arrest out out for Chairman Datuk Mohd Karim Abdullah who appears to have run with Serbaks money. The contingent liability of the suit, even though it never had a chance, is gone. Foreign funds don't like contingent liabilities particularly large ones. They may not know the real situation likely have unloaded Bersa so as to reduce contingent risk. They may now be looking to add back.

https://www.theedgemarkets.com/content/evening-5-arrest-warrant-out-serba-ceo

https://www.theedgemarkets.com/content/evening-5-arrest-warrant-out-serba-ceo

Mabel, Pearlwhite etc etc, maybe all one person.. Karimo. For the disillusioned Bili's, please don't think anyone is going to step in and save SD, the company owes billions and has nothing to show for it. all the money is long gone along with Kaimo. If SD was for free who would want it? Gone!

Billions borrowed and spent of fake invoices, money gone to post office box accounts is the UAE, Abu Dhabi, India, Cayman Islands ... who knows where. Now, like the money surprise surprise it seems just like the billions Kaim has also disappeared. Please don't pretend your surprised, even bilis are smarter than that.

Billions borrowed and spent of fake invoices, money gone to post office box accounts is the UAE, Abu Dhabi, India, Cayman Islands ... who knows where. Now, like the money surprise surprise it seems just like the billions Kaim has also disappeared. Please don't pretend your surprised, even bilis are smarter than that.

bilis are all long dead and have been lying on the road drying in th sun, just waiting to be fried sorry to say.

https://www.thestar.com.my/business/business-news/2021/12/28/sc-charges-serba-dinamik-directors-for-submitting-false-statement

https://www.thestar.com.my/business/business-news/2021/12/28/sc-charges-serba-dinamik-directors-for-submitting-false-statement

He has been selling all his options and shares that he can, he has now cash up all he can and resigned positions. You watch, he's going to run!
He will join all the other Malaysian con men hiding in comfort in London or Dubai or China. and avoid jail for as long as his (your) money lasts. He will leave all the mess behind for the Shareholders to try and sort out,

Zxvvbn, your quite right, last year the September Dividend announcement was very late and was not made until December.
Maybank's Dividends normally are announced in May and September as they have been this year. So May next year is when to expect the next announcement (provided its not late again).

Overdue for dividend announcement. Last year announced 4th Dec.

Told you all, when EPF stops selling this share will fly. EPF appears to have stopped selling.

New equipment, new automated production line, cos of production per 1000 glove should be way less than the older factories like MahSing and Top Glove.

SD Bond holders are investment syndicates and banks. The interest is in default (about 7 million) small money to them, however if they give notice of default they will need to record the default of the interest plus the entire Bond principle sums (over 1.4Bil), no small sum. They may choose to hold off till after the end of the year reporting cooking their own books to make their books look better than they are. Also, they may choose to leave it till after Christmas, a big mess best left till after end of year bonuses have been paid and after holidays have been enjoyed.

Bond holders are investment syndicates and banks. The interest is in default (about 7 million) small money to them, however if they give notice of default they will need to record the default of the interest plus the entire Bond principle sums (over 1.4Bil), no small sum. They may choose to hold off till after the end of the year reporting cooking their own books to make their books look better than they are. Also, they may choose to leave it till after Christmas, a big mess best left till after end of year bonuses have been paid and after holidays have been enjoyed.

Maybe put satellite in the vast space between his ears.
If the Govt had give away money (like flying fan car) then sure Tony F and Air A would wallop to hide an F1 car full of under table commissions cash on the moon.

Cant pay interest but going to put up a Satellite and space station, next live on the moon? It's no use, he will not get away with an insanity plea, every though he is doing his best to make out he has gone mad.

If EPF have finished their dumping which has depressed the price then this share can fly. TNB should be over 12.00.

https://www.theedgemarkets.com/article/serba-dinamik-subsidiary-defaults-bond-coupon-payment

https://www.theedgemarkets.com/article/serba-dinamik-subsidiary-defaults-bond-coupon-payment

If SD defaulted (no news from SD) then gone case, there will be a mad scramble to go after the assets.
The scary questions high on the minds of lender's are where are the assets, do they even exist, if they do exist what are actually worth? Maybe like the accounts maybe invented. The real issue now is how many cents or fractions thereof on the dollar will they be able creditors recover, and what will it cost them to recover even 1c.
Very scary times indeed for bond holders, banks and creditors alike.

If defaulted (no news from SD) then gone case, there will be a mad scramble to go after the assets.
The scary questions high on the minds of lender's are where are the assets, do they even exist, if they do exist what are actually worth? Maybe like the accounts maybe invented. The real issue now is how many cents or fractions thereof on the dollar will the be able creditors recover and what will it cost them to recover even 1c. Very scary times indeed for bond holders, banks and creditors alike.

https://www.theedgemarkets.com/article/serba-dinamik-fails-recuse-judge-lawsuit-against-bursa

https://www.theedgemarkets.com/article/serba-dinamik-fails-recuse-judge-lawsuit-against-bursa

No statement from JHB but as production lines are brand new it may take a while to have process audits and samples tested along with applications for certification. In the interim production will no doubt be taken up by countries that do not required US Certifications. I expect certifications if not already issued will be issued very shortly as management is professional, the lines are modern and the property has been purpose built.

SD will default on a sukuk by if it can not make payment of US$7 million (about RM30 million) today! This will likely trigger cross defaults.

The company will default on a sukuk by if it can not make payment of US$7 million (about RM30 million) today! This will likely trigger cross defaults.

SD new seeks to recuse the Judge. Learned from Najib how to delay and waste the Courts time for years. Lawyers get rich on Shareholders remaining cash.